COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--
Street Capital, LLC (“CSC”), a Dallas-based investment banking firm
specializing in advising financial institutions, advised Little London
Bancorp on its recent acquisition of 5Star Bank from 5Star Financial,
LLC and its ultimate parent, Alexandria, Va.-based Armed Forces Benefit
Association. Little London is based in Colorado Springs and this deal
marks the first time 5Star Bank of Colorado Springs will be put under
local ownership. This announcement was made today by Dory Wiley,
President and CEO of CSC.
CSC Managing Director Brian Johnson was the lead financial advisor for
Little London and was assisted by Associate Preston Simons. CSC’s team
worked closely with Little London’s leadership in the negotiations with
“This is an important transaction for Colorado Springs,” said Johnson.
“The sale will grow 5Star Bank from a limited-service institution that
only provided credit cards and money market accounts into a full-service
financial services provider for small businesses and the real estate
5Star Bank is a $168 million asset commercial bank with three branch
locations within the Colorado Springs market. The sale must be approved
by state and federal regulators before it is completed during the fourth
quarter of 2014.
CSC’s Financial Institutions Group practice centers exclusively on
serving the needs of the financial services sector. The group aims to
provide sound, comprehensive advice, expert structuring and optimum
execution to banks, bank holding companies and allied businesses. CSC is
recognized as a leader in the industry for its valuation practice and
the unbiased analyses and independent opinions it provides to clients to
help them fulfill their fiduciary obligations.
About Commerce Street Capital
Commerce Street Capital, LLC (“CSC”) is a private investment banking
firm headquartered in Dallas, Texas. Led by veterans of the banking
industry, CSC specializes in investment banking services (mergers and
acquisitions, valuations and regulatory issue advising) and bank
development (on-site consulting, sales and management of bank capital
raises, market assessments and the bank regulatory application process).
The firm provides tailored solutions for all or part of a financial
institution's business lifecycle. For more information, visit www.commercestreetcapital.com
or call 214-545-6800. CSC is a member of FINRA/SIPC.
This press release is for information purposes only and does not
constitute a solicitation or offer by Commerce Street Capital, LLC, to
buy or sell any securities, futures, options, foreign exchange or other
financial instrument or to provide any investment advice or service. The
testimonials stated within this press release may not be representative
of the experience of other clients. The testimonials stated within this
press release are not indicative of future performance or success. The
testimonials stated within this press release are not paid testimonials.
C. Pharr & Company for Commerce Street Capital
Lee, 972-931-7576, ext. 352
Source: Commerce Street Capital, LLC