Investment Summary

Patriot Financial Partners Invests In Peapack-Gladstone Financial

On December 1, 2013, private equity firm Patriot Financial Partners invested in financial services company Peapack-Gladstone Financial

Investment Highlights
  • This is Patriot Financial Partners’ 17th transaction in the Financial Services sector.
  • This is Patriot Financial Partners’ 17th transaction in the United States.
  • This is Patriot Financial Partners’ 2nd transaction in New Jersey.

Investment Summary
Date 2013-12-01
Target Peapack-Gladstone Financial
Sector Financial Services
Investor(s) Patriot Financial Partners
Deal Type PIPE

Target

Peapack-Gladstone Financial

Bedminster, New Jersey, United States
Peapack-Gladstone Financial Corporation is a bank holding company with total assets of $2.4 billion. Established in 1921, Peapack-Gladstone Bank is a commercial bank that offers a full range of quality banking products and services to businesses and consumers through its New Jersey locations, an online branch, a wealth management division, and its subsidiary, PGB Trust & Investments of Delaware.

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Investor(S) 1

Investor

Patriot Financial Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
PE ASSETS 500M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

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 17 of 22
Sector (Financial Services) 17 of 22
Type (PIPE) 12 of 14
State (New Jersey) 2 of 2
Country (United States) 17 of 22
Year (2013) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-01 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.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-04 Bank of California

Santa Ana, California, United States

Bank of California is a provider of banking services and home loans to businesses and families in California and the Western US. Banc of California provides deposit products, including checking, savings, money market, retirement, and interest and noninterest-bearing demand accounts, as well as certificates of deposit. Banc of California was incorporated in 1941 and is based in Santa Ana, California.

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