First American Bank Completes Acquisition of Continental National Bank
Update: The deal announced in May 2019 has been completed. Click on the article below to read more about this transaction.
- First American Bank Press Release (October 24, 2019)
May 15, 2019 - First American Bank Press Release
First American Bank to Acquire Continental National Bank
The Barack Ferrazzano Financial Institutions Group acted as legal counsel for First American Bank ("First American") in its acquisition of Miami-based Continental National Bank ("Continental"), the first Cuban-American owned bank in the U.S.
As of March 31, 2019, First American Bank, a privately held full-service bank, had approximately $5 billion in assets and Continental had $490 million, with all five of its branches located throughout the greater Miami-Dade area. This transaction will allow First American to stay true to its Midwestern roots while maintaining a strong foothold and flourishing in Florida.
Terms of the deal, which is pending the usual regulatory approvals, were not disclosed.
Barack Ferrazzano's team was lead by Dennis R. Wendte, along with Emily N. Henkel, and real estate partner Christine K. Nichols. Executive compensation and benefits were handled by Andrew K. Strimaitis.
To learn more about the transaction, visit:
About First American Bank
For more than 40 years, First American Bank has been focusing on building long-term relationships with customers through high-quality solutions and exceptional customer service. With services ranging from personal products to commercial banking and wealth management, and assets of more than $5 billion, First American Bank is the largest privately-held bank in Illinois with 53 locations in Illinois, Wisconsin and South Florida. First American Bank’s size and management philosophy allow the bank to offer clients top-tier financial services tailor-made to support each customer’s goals and potential for growth. First American Bank is a Member FDIC bank.