Divestiture • Financial Services

BNY Acquires RBS Trust Bank

On November 1, 1999, BNY acquired financial services company RBS Trust Bank from NatWest Group

Acquisition Context
  • This is BNY’s 1st transaction in the Financial Services sector.
  • This is BNY’s 1st transaction in the United Kingdom.

Explore All 709 Divestiture Financial Services Deals - Search the Database Free


M&A Deal Summary

Date November 1, 1999
Target RBS Trust Bank
Sector Financial Services
Buyer(s) BNY
Sellers(s) NatWest Group
Deal Type Divestiture

Target Company

RBS Trust Bank

London, United Kingdom
RBS Trust Bank Ltd. is a provider of banking services and products for commercial and individuals.
Explore More Deals

Browse All 215,156 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyer Overview 1

Buyer

BNY

New York, New York, United States

Category Company
Founded 1784
Sector Financial Services
Employees51,800
Revenue 18.3B USD (2024)
DESCRIPTION
BNY Mellon office outside of Wilmington, Delaware.
BNY Mellon office outside of Wilmington, Delaware.

BNY is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY was founded in 1784 and is based in New York, New York.


Deal Context for Buyer #
Overall 2 of 9
Sector: Financial Services 1 of 3
Type: Divestiture 1 of 2
Country: United Kingdom 1 of 1
Year: 1999 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-10-09 ESI Securities Co.

Falls Church, Virginia, United States

ESI Securities Co. is a brokerage and clearing firm.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-04 Mellon Financial

Pittsburgh, Pennsylvania, United States

Mellon Financial Corp. is an asset management group focused on serving institutional and high-net-worth individual clients.

Buy $16.5B

Seller Profile 1

SELLER

NatWest Group

Edinburgh, United Kingdom

Category Company
Founded 1727
Sector Financial Services
Employees59,400
Revenue 14.7B GBP (2024)
DESCRIPTION

NatWest Group provides support to customers to manage their finances and do business. NatWest Group was founded in 1727 and is based in Edinburgh, the United Kingdom.


Deal Context for Seller #
Overall 1 of 19
Sector: Financial Services 1 of 12
Type: Divestiture 1 of 16
Country: United Kingdom 1 of 9
Year: 1999 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-10-08 Green Flag

Croydon, United Kingdom

Green Flag underwrites its motor breakdown and other insurance business, including warranty and travel insurance.

Buy $220M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-05-14 Coutts & Co.

Zurich,, Switzerland

Coutts & Co Ltd is a provider of private banking services. Company offers investment, wealth management and advisory, and trust and fiduciary services to individuals.

Sell -