M&A Deal Summary

Royal Bank Acquires Park Bancorp

On January 15, 2016, Royal Bank acquired financial services company Park Bancorp for 240M USD

Acquisition Highlights
  • This is Royal Bank’s 1st transaction in the Financial Services sector.
  • This is Royal Bank’s largest (disclosed) transaction.
  • This is Royal Bank’s 1st transaction in the United States.
  • This is Royal Bank’s 1st transaction in Illinois.

M&A Deal Summary
Date 2016-01-15
Target Park Bancorp
Sector Financial Services
Buyer(s) Royal Bank
Deal Type Add-on Acquisition
Deal Value 240M USD
Advisor(s) Vedder Price P.C. (Legal)

Target

Park Bancorp

Chicago, Illinois, United States
website
Park Bancorp, Inc. is a provider of financial services.

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Buyer(S) 1

Buyer

Royal Bank

Chicago, Illinois, United States

website

Category Company
Founded 1887
Sector Financial Services
Revenue 15M USD (2020)
DESCRIPTION

Royal Bank is a provider of checking and savings products and a full line of home and commercial lending solutions. Royal Bank was formed in 1887 and is based in Chicago, Illinois.

DEAL STATS #
Overall 1 of 2
Sector (Financial Services) 1 of 2
Type (Add-on Acquisition) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 2
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-15 Washington Federal - Insured Deposits

Seattle, Washington, United States

Washington Federal, Inc. - Insured Deposits includes checking, savings, money market and certificates of deposit.

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