Ballard Spahr Serves as Lead Counsel in $15M Montana Bank Transaction
Ballard Spahr represented Western Holding Company of Wolf Point and Western Bank of Wolf Point in their $15 million mergers with and into Eagle Bancorp Montana, Inc. and Opportunity Bank of Montana, respectively.
In the transaction, Opportunity Bank acquired one retail bank branch and approximately $100 million in assets, $77 million in deposits, and $41 million in gross loans and Wolf Point received cash and equity consideration totaling approximately $15 million. Following the conclusion of the deal, Opportunity Bank will have 23 retail branches in Montana.
Mark C. Dietzen, a Minneapolis-based Business and Transactions partner, led the Ballard Spahr team, which also included Business and Transactions Partners Scott A. Coleman, April Hamlin, Joshua T. Natzel, and Mark D. Salsbury, as well as Associate Catherine M. LaGrange.
The 180 Business and Transactions attorneys at Ballard Spahr work with clients of all sizes and stages of maturity to negotiate, structure, and complete transactions that improve competitive position, add value, and sustain growth. Our attorneys’ industry perspective, knowledge of regulatory regimes and agencies, and legal skill enable them to identify and address issues before they become obstacles.