American National Bank
Your Hometown Bank.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
* | $417m Valuation: $417m 4.0x EV/Revenue | Acquisition | |
| Total Funding | 000k | ||
| USD | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | 4 % | 28 % | 9 % | 11 % | (3 %) | (6 %) | 2 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | 31 % | 23 % | 30 % | 39 % | 32 % | 25 % | 26 % |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article, Equity research estimates
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American National Bank, a staple in the financial landscape, has a rich history that reflects its commitment to community and growth. Founded in 1909, the bank was established by a group of local businessmen in Danville, Virginia. These founders, whose names have been etched into the bank's legacy, aimed to create a financial institution that would serve the needs of local businesses and residents.
Over the decades, American National Bank expanded its reach, adapting to the changing financial environment while maintaining its community-focused ethos. A significant milestone in its journey was the merger with MidCarolina Bank in 2011, which marked a strategic expansion into North Carolina. This merger not only increased its geographical footprint but also enhanced its service offerings.
In 2018, American National Bank made headlines with its acquisition of HomeTown Bank, further solidifying its presence in Virginia and North Carolina. This acquisition was a testament to the bank's strategic vision of growth through consolidation, allowing it to offer a broader range of services to its customers.
Today, American National Bank stands as a testament to over a century of resilience and adaptability. It continues to thrive by focusing on personalized customer service and community involvement, ensuring that it remains a trusted partner for individuals and businesses alike.