Mercer Capital served as a financial advisor to Sharonview Federal Credit Union, which announced on July 15, 2020, plans to purchase two branches of Bank of OZK (Nasdaq: OZK) in Hilton Head and Bluffton, South Carolina. The deal for these acquisitions is set to close in the fourth quarter of 2020.
Headquartered in Indian Land, South Carolina, Sharonview Federal Credit has been serving its members since 1955. Today, Sharonview serves over 90,000 members nationwide with assets totaling more than $1.6 billion and operates 16 branches in North Carolina and South Carolina.
Bank OZK is a regional bank, headquartered in Little Rock, Arkansas. Established in 1903, Bank OZK holds through more than 250 offices in ten states including Arkansas, Georgia, Florida, North Carolina, Texas, Alabama, South Carolina, New York, California, and Mississippi, and had $24.57 billion in total assets as of March 31, 2020.
Mercer Capital has provided business valuation and other financial advisory services to clients across the nation for more than 35 years. For more information, contact Jay Wilson.