The Citadel Bank - Ownership and Business Overview

Financial ServicesCompany

The Citadel Bank Ownership

Who owns The Citadel Bank?

The Citadel Bank is owned by UMB Bank Colorado National Association. It was acquired on July 16, 2008.

The Citadel Bank Business Overview

Where is The Citadel Bank headquartered?

The Citadel Bank is headquartered in Colorado Springs, Colorado.

What sector is The Citadel Bank in?

The Citadel Bank is a financial services company.

When was The Citadel Bank founded?

The Citadel Bank was founded in 1972.

Financial Services M&A Summary in 2008

Out of 60 sectors in the Mergr database, financial services ranked 9 in number of deals in 2008. The largest financial services acquisition in 2008 was Merrill Lynch Wealth Management - which was acquired by Bank of America for $50.0B.

Join Mergr to view all 131 acquisitions of financial services companies in 2008, including 47 acquisitions by private equity firms, and 84 by strategics.

The Citadel Bank

730 Citadel Drive East,
Colorado Springs, Colorado 80932
United States,
www.citadelbank.com

The Citadel Bank offers personal and commercial banking services.Citadel Bank had total assets of $89.0 million and total deposits of $81.9 million as of March 31, 2008. Citadel has a strong core deposit franchise, with non-interest bearing deposits comprising 31.57 percent of total deposits and cost of funds of only 1.29 percent for the last 12 months as of March 31, 2008.


Company Summary

SECTOR

Financial Services

Established

1972

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