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Home > Colorado News > Ranchers Banks Acquired by First State Bancorporation
Ranchers Banks Acquired by First State Bancorporation
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.
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