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National Bank Holdings Corporation Announces Regulatory Approvals For The Acquisition Of Rock Canyon Bank

Jul 21, 2022•almost 3 years ago

Acquiring Company

National Bank Holdings Corporation

Acquired Company

National Bank Holdings Corporation

Greenwood VillageGreenwood VillageBankingLending And InvestmentsFinancial ServicesBankingLending And InvestmentsFinancial Services

Description

National Bank Holdings Corporation (NYSE: NBHC, “NBH” or the “Company”) today announced it has now received all regulatory approvals from the Federal Reserve Board, the Utah Department of Financial Institutions, and the Colorado Division of Banking for the previously announced acquisition of Community Bancorporation, the holding company for Rock Canyon Bank. The acquisition is subject to customary closing conditions and is expected to close in September 2022.

Company Information

Company

National Bank Holdings Corporation

Location

Greenwood Village, Colorado, United States

About

National Bank Holdings Corporation is a bank holding company created to build a leading community bank franchise delivering high quality client service and committed to stakeholder results. Through its bank subsidiary, NBH Bank, National Bank Holdings Corporation operates a network of 81 banking centers, serving individual consumers, small, medium and large businesses, and government and non-profit entities. Its banking centers are located in its core footprint of Colorado, the greater Kansas City region, Texas, Utah and New Mexico. Its comprehensive residential mortgage banking group primarily serves the bank’s core footprint.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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