Overview
The BFKN Financial Institutions Group served as legal counsel to Katz Acquisition Corporation LLC, a Tampa-based bank holding company ("Katz"), in connection with the acquisition of Camp Grove Bancorp, Inc., parent company of Camp Grove State Bank ("Camp Grove"). Katz acquired 100 percent of the outstanding stock of Camp Grove. The acquisition closed on April 9, 2021, after receiving required regulatory approvals earlier in the year.
"We are excited about the strategic benefits this acquisition will bring to the Camp Grove and Greater Peoria communities now and in the future," said Brian Katz, founder and Chairman of Katz Acquisition Corp., an affiliate of Katz Capital. "We look forward to continuing the legacy of the Hickey family, who has owned and operated CGSB for over three generations. We're truly excited to bring advanced commercial banking technologies and solutions to expand services for the residents and businesses in the region."
BFKN’s legal team was led by Brent McCauley, Robert M. Fleetwood, and Neil R. Patel.
To read more about this deal, visit:
- PR Newswire (April 2021)
- St. Pete Catalyst (April 2021)
- S&P Global Market Intelligence (March 2019)
About Katz Acquisition Corporation LLC
Established in 2018, Katz Acquisition Corporation LLC is a Tampa-based holding company with strategic interests in banking to leverage cost-effective consumer and business opportunities. Katz Acquisition Corporation LLC is an affiliate of Katz Capital.
About Katz Capital
Katz Capital is a real estate and financial services-focused private equity firm headquartered in Tampa, Fla. CEO Brian Katz founded the company in 2011 on a philosophy of long-term "smart growth." With a prudent and patient approach to growth, Katz Capital has established and acquired real estate, financial services, and insurance entities via its Pineywoods brand portfolio of affiliated companies: Pineywoods Capital, Pineywoods Insurance, Pineywoods Realty, Pineywoods Mortgage, Pineywoods Title, and Pineywoods Benefits.