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Global Consumer Acquisition to acquire Service1st Bank of Nevada

Global Consumer Acquisition Corp., a blank check company, has signed a letter of intent to acquire Service1st Bank of Nevada, a provider of banking services, in an all stock transaction. Both the companies are based in the US.

Global Consumer Acquisition is expected to become Western Liberty Bancorp (WLB), a new bank holding company. The consideration would be payable entirely in the common stock of WLB.

Deal Type    Acquisition
Sub-Category Majority Acquisition
Deal Status  Announced: 2009-09-09

Deal Participants

Target (Company)   Service1st Bank of Nevada
Acquirer (Company) Global Consumer Acquisition Corp.

Copyright (C) 2009 Datamonitor Financial Deals Tracker. All rights reserved

News Provided by COMTEX


Related terms: acquisition, bank, banking, consumer, nevada

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