M&A Deal Summary

Cardinal Financial Acquires United Financial Banking Companies

On January 15, 2014, Cardinal Financial acquired financial services company United Financial Banking Companies for 53M USD

Acquisition Highlights
  • This is Cardinal Financial’s 3rd transaction in the Financial Services sector.
  • This is Cardinal Financial’s largest (disclosed) transaction.
  • This is Cardinal Financial’s 3rd transaction in the United States.
  • This is Cardinal Financial’s 2nd transaction in Virginia.

M&A Deal Summary
Date 2014-01-15
Target United Financial Banking Companies
Sector Financial Services
Buyer(s) Cardinal Financial
Deal Type Add-on Acquisition
Deal Value 53M USD
Advisor(s) Sandler O'Neill + Partners LP (Financial)
BuckleySandler LLP (Legal)

Target

United Financial Banking Companies

Vienna, Virginia, United States
United Financial Banking Companies, Inc., provides banking services.

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Buyer(S) 1

Buyer

Cardinal Financial

McLean, Virginia, United States
Category Company
Founded 1997
Sector Financial Services
Employees851
Revenue 193M USD (2015)
DESCRIPTION

Cardinal Financial Corp. is a financial holding company serves the washington metropolitan region through its wholly-owned subsidiary Cardinal Bank with over 30 conveniently located banking offices. Cardinal, with $4.2 billion in assets, provides banking services through its subsidiary bank, Cardinal Bank, which has a network of 30 branches throughout Virginia, Maryland and Washington, D.C

DEAL STATS #
Overall 3 of 3
Sector (Financial Services) 3 of 3
Type (Add-on Acquisition) 3 of 3
State (Virginia) 2 of 2
Country (United States) 3 of 3
Year (2014) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-07-07 George Mason Mortgage

Fairfax, Virginia, United States

George Mason Mortgage LLC, provides a wide variety of mortgage loan programs available. Our specialized team of Loan Officers and staff members offers products to best suit your financing needs.

Buy $17M
Mergr

Product

Company

Legal