M&A Deal Summary |
|
|---|---|
| Date | 2014-05-30 |
| Target | Doral Financial - Portfolio Of Mortgage Loans |
| Sector | Financial Services |
| Buyer(s) | First Bank |
| Sellers(s) | Doral Financial |
| Deal Type | Divestiture |
| Deal Value | 234M USD |
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| Category | Company |
|---|---|
| Founded | 1948 |
| Sector | Financial Services |
| Employees | 3,075 |
| Revenue | 904M USD (2022) |
First Bank is a Puerto-Rico based financial holding company offering commercial banking, residential mortgage loan, finance lease, personal loan, small loan, auto loan, insurance, and broker dealer products and services to retail, commercial, and institutional customers primarily in Puerto Rico, and to a lesser extent in the U.S. and British Virgin Islands and Florida. First Bank was incorporated in 1948 and is based in San Juan, Puerto Rico.
| DEAL STATS | # |
|---|---|
| Overall | 8 of 13 |
| Sector (Financial Services) | 8 of 12 |
| Type (Divestiture) | 5 of 7 |
| Country (United States) | 7 of 11 |
| Year (2014) | 1 of 2 |
| Size (of disclosed) | 1 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-05-30 |
Bank of America - Credit Card Portfolio
United States Bank of America Credit Card Portfolio offers credit card services. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-10-03 |
Doral Financial - Portfolio of Residential Mortgage Loans
United States Portfolio of Residential Mortgage Loans comprises a portfolio of residential mortgage loans of 192,600 receivables. |
Buy | $193M |
| Category | Company |
|---|---|
| Founded | 1972 |
| Sector | Financial Services |
| Employees | 1,333 |
| Revenue | 432M USD (2013) |
Doral Financial Corp. is a community bank that has positions in mortgage banking and retail banking operations.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 2 |
| Sector (Financial Services) | 1 of 2 |
| Type (Divestiture) | 1 of 2 |
| Country (United States) | 1 of 2 |
| Year (2014) | 1 of 2 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-10-03 |
Doral Financial - Portfolio of Residential Mortgage Loans
United States Portfolio of Residential Mortgage Loans comprises a portfolio of residential mortgage loans of 192,600 receivables. |
Sell | $193M |
