M&A Deal Summary

BCB Bank Acquires IA Bancorp

On June 7, 2017, BCB Bank acquired financial services company IA Bancorp for 20M USD

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

M&A Deal Summary
Date 2017-06-07
Target IA Bancorp
Sector Financial Services
Buyer(s) BCB Bank
Deal Type Add-on Acquisition
Deal Value 20M USD
Advisor(s) Keefe, Bruyette, & Woods, Inc. (Financial)
Windels Marx Lane & Mittendorf (Legal)

Target

IA Bancorp

Iselin, New Jersey, United States
IA Bancorp, Inc. is specializes in core business banking products for small- to medium-sized companies, with an emphasis on real estate-based lending. IA Bancorp was founded 2005 and is based in Iselin, New Jersey.

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Buyer(S) 1

Buyer

BCB Bank

Bayonne, New Jersey, United States
Category Company
Founded 2000
Sector Financial Services
Employees266
Revenue 108M USD (2023)
DESCRIPTION

BCB Bank is a regional bank holding company that operates BCB Community Bank. BCB Bank was incorporated in 2000 and is based in Bayonne, New Jersey.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal