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Denver, CO, United States, 2006/03/13 - In January 2006, Ranchers Banks was acquired by First State Bancorporation for $25 million in cash and stock. St. Charles Capital acted as financial advisor to Ranchers Banks in this transaction.
Ranchers Banks, based in Belen, New Mexico, had nine offices in and around the Albuquerque metropolitan area. The bank had $111 in assets. As a result of this acquisition, First State will be operating approximately 41 branches in New Mexico with approximately $2 billion in assets.
St. Charles Capital, LLC, based in Denver, Colorado, provides expertise in mergers and acquisitions, raising private capital, and financial advisory services for middle-market companies across the United States.
St. Charles is distinguished by the mergers and acquisitions experience level of its senior members, their deep industry expertise, and their track record of successful M&A and private equity and debt engagements. The firm's partners have, on average, more than 18 years of investment banking experience advising middle-market companies primarily in the area of mergers and acquisitions.
The firm has significant M&A experience in financial institutions, information technology and manufacturing, services, and distribution. Collectively, the firm's investment bankers have completed more than 200 transactions valued in excess of $5 billion in total consideration.
In all transactions, St. Charles requires the dedicated involvement of its investment bankers, who bring to their client’s an expertise and focus on mergers and acquisitions, private equity and debt and strategic financial advisory services.
Headquartered in Denver, the founding partners of St. Charles worked together at The Wallach Company, a leading boutique M&A advisory firm in Colorado established in 1984, and after its sale to McDonald Investments, from 2001 to 2004 as a division of McDonald Investments and KeyBanc Capital Markets.