.
Hancock Savings Bank FSB is headquartered in Los Angeles, California.
Hancock Savings Bank FSB is a financial services company.
Join Mergr to view all 0 acquisitions of financial services companies in , including .
Los Angeles, California
United States,
Hancock Park Acquisition, L.P. (Hancock) was formed in 1996 concurrently with Western and capitalized with approximately $6.3 million for the primary purpose of purchasing a controlling interest in Hancock Savings Bank, FSB. Hancock acquired an approximate 46% ownership interest in the bank following receipt of approval from the Office of Thrift Supervision to become a savings and loan holding company for the bank. After a period of strategic improvements promoted by Hovde board representatives and active involvement in the management of the bank, the bank was sold to Bank Plus in a stock exchange; our position in Bank Plus was subsequently acquired in 2000 by Fidelity Federal Bank. Upon liquidation of our investment in 2002, a gross IRR of 7.1% on an investment of $7.1 million was realized.
Unlimited Searches Unlimited Profile Views Build and Export Lists of
We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.
Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.
Try us for 1 week free today!
No obligation. Cancel anytime.
