FSG Bank

What is FSG Bank?

FSG Bank was a subsidiary of First Security Group. In 2016, it merged with Atlanta Bank in an all-stock dealAsset Purchase vs Stock PurchaseAsset purchase vs stock purchase - two ways of buying out a company, and each method benefits the buyer and seller in different ways. This detailed guide explores and lists the pros, cons, as well as reasons for structuring either an asset deal or a stock deal in an M&A transaction. that was valued at $160 million. FSG was founded in 1999, in Chattanooga, by Roger Holley. At its peak, the bank operated 36 branch locations and posted more than $1 billion in assetsTypes of AssetsCommon types of assets include current, non-current, physical, intangible, operating, and non-operating. Correctly identifying and.

About the FSG and Atlanta Bank Merger

The merger was announced in March 2015 under the terms that Atlantic Capital would offer approximately $2.35 in share value to FSG shareholders, compared to the company’s closing share price of $2.27 then.

The deal was eventually approved by the board of directorsBoard of DirectorsA board of directors is essentially a panel of people who are elected to represent shareholders. Every public company is legally required to install a board of directors; nonprofit organizations and many private companies – while not required to – also establish a board of directors. of both banks, as well as their shareholders and the regulators.

Learn more about the deal here.

Additional Resources

Thank you for reading this guide and overview of FSG Bank. CFI offers the Certified Banking and Credit Analyst (CBCA)™CBCA™ CertificationThe Certified Banking & Credit Analyst (CBCA)™ accreditation is a global standard for credit analysts that covers finance, accounting, credit analysis, cash flow analysis, covenant modeling, loan repayments, and more. Certification, which is recognized as the global standard in Credit Analyst Certification. The program includes expert-level instruction and training in accounting, industry analysis, business analysis, financial analysis, risk assessment, and credit evaluation.

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