M&A Deal Summary

Fifth Third Bank Acquires R-G Crown Bank

On November 2, 2007, Fifth Third Bank acquired financial services company R-G Crown Bank from R&G Financial for 288M USD

Acquisition Highlights
  • This is Fifth Third Bank’s 24th transaction in the Financial Services sector.
  • This is Fifth Third Bank’s 9th largest (disclosed) transaction.
  • This is Fifth Third Bank’s 24th transaction in the United States.
  • This is Fifth Third Bank’s 4th transaction in Florida.

M&A Deal Summary

Date 2007-11-02
Target R-G Crown Bank
Sector Financial Services
Buyer(s) Fifth Third Bank
Sellers(s) R&G Financial
Deal Type Divestiture
Deal Value 288M USD

Target

R-G Crown Bank

Casselberry, Florida, United States
R-G Crown Bank, is a financial service company. R-G Crown Bank operates 30 branches in Florida and three in Augusta, Georgia.

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Buyer(S) 1

Buyer

Fifth Third Bank

Cincinnati, Ohio, United States

website


Category Company
Founded 1858
Sector Financial Services
Employees19,319
Revenue 8.2B USD (2022)
DESCRIPTION
Fifth Third Bank branch in Chicago, Illinois.
Fifth Third Bank branch in Chicago, Illinois.

Fifth Third Bank is a regional US-based bank. Fifth Third provides a variety of financial services including commercial lending, consumer lending, and investment advisory. Fifth Third Bank was incorporated in 1858 and is based in Cincinnati, Ohio.


DEAL STATS #
Overall 24 of 37
Sector (Financial Services) 24 of 31
Type (Divestiture) 1 of 2
State (Florida) 4 of 5
Country (United States) 24 of 37
Year (2007) 1 of 1
Size (of disclosed) 9 of 25
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 First National Bankshares of Florida

Naples, Florida, United States

First National Bankshares of Florida, Inc., provide various financial services.

Buy $1.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-08 First Horizon National - Nine Atlanta Branches

Memphis, Tennessee, United States

First Horizon National Corp. - Nine Atlanta Branches is a provider of financial services in US.

Buy -

Seller(S) 1

SELLER

R&G Financial

San Juan, Puerto Rico

Category Company
Sector Financial Services
Employees2,404
DESCRIPTION

R&G Financial Corp., is a financials service company.


DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2007) 1 of 1
Size (of disclosed) 1 of 1