COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--Commerce 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 5Star Bank.
“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 industry.”
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.