M&A Deal Summary

Granite Bank Acquires Maple Bank

On May 18, 2022, Granite Bank acquired financial services company Maple Bank

Acquisition Highlights
  • This is Granite Bank’s 2nd transaction in the Financial Services sector.
  • This is Granite Bank’s 2nd transaction in the United States.
  • This is Granite Bank’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2022-05-18
Target Maple Bank
Sector Financial Services
Buyer(s) Granite Bank
Deal Type Add-on Acquisition
Advisor(s) CliftonLarsonAllen M&A Advisory and Investment Banking (Financial)
Fredrikson & Byron PA (Legal)

Target

Maple Bank

Champlin, Minnesota, United States
website
Maple Bank is a single-location community bank. Maple Bank was founded in 2004 and is based in Champlin, Minnesota.

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Buyer(S) 1

Buyer

Granite Bank

Colebrook, New Hampshire, United States
Category Company
Founded 1889
Sector Financial Services
DESCRIPTION

Granite Bank is a New Hampshire-owned community bank, operating from offices in Amherst, Colebrook, Concord, and Portsmouth, New Hampshire. Serving the banking needs of individuals and small businesses across the state for 126 years, the bank is an SBA Preferred Lender and has received the New Hampshire SBA's Outstanding Partner Award for consistent and sustained annual growth in SBA loans.

DEAL STATS #
Overall 2 of 2
Sector (Financial Services) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Minnesota) 1 of 1
Country (United States) 2 of 2
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-28 Cousins Home Lending

Portsmouth, New Hampshire, United States

Cousins Home Lending, Inc. is a mortgage company provides loan products and services that deliver customer satisfaction for all clients.

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Product

Company

Legal