M&A Deal Summary |
|
|---|---|
| Date | 2018-10-10 |
| Target | MBT Financial |
| Sector | Financial Services |
| Buyer(s) | First Merchants |
| Sellers(s) |
Castle Creek Capital
Patriot Financial Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 291M USD |
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| Category | Company |
|---|---|
| Founded | 1893 |
| Sector | Financial Services |
| Employees | 1,821 |
| Revenue | 628M USD (2022) |
First Merchants is a financial services holding company. First Merchants provides customers with personal banking, business banking, mortgage lending, cash management services, wealth management and insurance. First Merchants was incorporated in 1893 and is based in Muncie, Indiana.
| DEAL STATS | # |
|---|---|
| Overall | 10 of 10 |
| Sector (Financial Services) | 9 of 9 |
| Type (Add-on Acquisition) | 5 of 5 |
| State (Michigan) | 1 of 1 |
| Country (United States) | 10 of 10 |
| Year (2018) | 1 of 1 |
| Size (of disclosed) | 1 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-01-25 |
The Arlington Bank
Upper Arlington, Ohio, United States The Arlington Bank is a provider of financial services in US. |
Buy | - |
| Category | Asset Manager |
|---|---|
| Founded | 1992 |
| PE ASSETS | 750M USD |
| Size | Middle-Market |
| Type | Sector Focused |
Castle Creek Capital is a private investment firm that makes control investments in U.S.-based community banks with less than $10 billion of assets. The firm specializes in operating, recapitalizing and strategically refocusing US based banks. Castle Creek targets smaller, healthier banks that are under-performing or lack critical mass. Castle Creek offers the resources to then implement a roll-up acquisition program. Castle Creek Capital LLC was founded in 1992 and is based in Rancho Santa Fe, California.
| DEAL STATS | # |
|---|---|
| Overall | 14 of 15 |
| Sector (Financial Services) | 14 of 15 |
| Type (Add-on Acquisition) | 6 of 7 |
| State (Michigan) | 1 of 1 |
| Country (United States) | 14 of 15 |
| Year (2018) | 2 of 2 |
| Size (of disclosed) | 4 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-05-08 |
Origin Bank
Ruston, Louisiana, United States Origin is a financial holding company. Origin’s wholly owned bank subsidiary, Origin Bank, was founded in 1912. Deeply rooted in Origin’s history is a culture committed to providing personalized, relationship banking to its clients and communities. Origin provides a broad range of financial services to businesses, municipalities, high net worth individuals and retail clients, and currently operates 44 banking centers located from Dallas/Fort Worth and Houston, Texas across North Louisiana and into Mississippi. Origin was formed in 1912 and is headquartered in Ruston, Louisiana. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-05-11 |
Sunflower Bank
Denver, Colorado, United States FirstSun Capital Bancorp is the financial holding company for Sunflower Bank, which operates as Sunflower Bank, First National 1870 and Guardian Mortgage. Sunflower Bank provides a full range of relationship-focused services to meet personal, business and wealth management financial objectives, with a branch network in five states and mortgage capabilities in 43 states. Sunflower Bank is based in Denver, Colorado. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2007 |
| PE ASSETS | 500M USD |
| Size | Middle-Market |
| Type | Sector Focused |
Patriot Financial Partners is a private equity firm focused on acquiring and investing in community based banks, thrifts, and other related financial services companies throughout the US. Patriot is a hands-on investor and seeks firms with assets between $500 million and $5 billion. Patriot Financial Partners was established in 2007 and is headquartered in Philadelphia, Pennsylvania.
| DEAL STATS | # |
|---|---|
| Overall | 9 of 12 |
| Sector (Financial Services) | 9 of 12 |
| Type (Add-on Acquisition) | 8 of 10 |
| State (Michigan) | 1 of 1 |
| Country (United States) | 9 of 12 |
| Year (2018) | 1 of 1 |
| Size (of disclosed) | 5 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-12-13 |
Heritage Oaks Bancorp.
Paso Robles, California, United States Heritage Oaks Bancorp. is a holding company for Heritage Oaks Bank which provides personal and business banking solutions. With $2.0 billion in assets, Heritage Oaks Bancorp is headquartered in Paso Robles, California and is the holding company for Heritage Oaks Bank. Heritage Oaks Bank operates two branch offices each in Paso Robles and San Luis Obispo; single branch offices in Atascadero, Templeton, Cambria, Morro Bay, Arroyo Grande, Santa Maria, Goleta and Santa Barbara; as well as a single loan production office in Ventura/Oxnard. Heritage Oaks Bank conducts commercial banking business in San Luis Obispo, Santa Barbara, and Ventura counties. |
Sell | $406M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-02-13 |
Beneficial Bancorp
Philadelphia, Pennsylvania, United States Beneficial Bancorp, Inc. ("Beneficial" or the "Company") is a mutual holding company and the wholly owned subsidiary of Beneficial Bank, a $4.43 billion Pennsylvania chartered savings bank originally founded in 1853. The Company operates 35 full-service banking offices in Chester, Delaware, Montgomery, Philadelphia, and Bucks Counties, Pennsylvania and 25 full-service banking offices in Burlington, Gloucester and Camden Counties, New Jersey. The Company is number nine in terms of deposit market share in the Philadelphia MSA and is number one among banks headquartered in the Philadelphia area. |
Sell | - |
