Investment Summary

Carpenter & Company Exits Bank of Manhattan

On June 30, 2015, Plaza Bank invested in financial services company Bank of Manhattan from Carpenter & Company

Investment Highlights
  • This is Plaza Bank’s 1st transaction in the Financial Services sector.
  • This is Plaza Bank’s 1st transaction in the United States.
  • This is Plaza Bank’s 1st transaction in California.

Investment Summary

Date 2015-06-30
Target Bank of Manhattan
Sector Financial Services
Investor(s) Plaza Bank
Sellers(s) Carpenter & Company
Deal Type Add-on Acquisition

Target

Bank of Manhattan

El Segundo, California, United States
The Bank of Manhattan is a $465 million community bank based in El Segundo, California, with a footprint that spans to the San Gabriel Valley. It specializes in commercial banking of small and mid-market businesses and mortgage banking throughout Los Angeles County.

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Investor(S) 1

Investor

Plaza Bank

Irvine, California, United States

Category Company
Founded 2005
Sector Financial Services
DESCRIPTION

Plaza Bank is a provider of banking products and services in the United States.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2015 M&A 1 of 1

Seller(S) 1

SELLER

Carpenter & Company

Newport Beach, California, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1974
PE ASSETS 280M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Carpenter and Company is a private equity and financial advisory firm focused on the banking industry. Carpenter's private equity practice looks to make recapitalization and growth equity investments in banks with assets up to $5 billion. The Firm targets banks with strong management, well defined market strategies, and strong funding drawn from target markets. Carpenter was established in 1974 and is based in Irvine, California.


DEAL STATS #
Overall 2 of 2
Sector: Financial Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: California M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-28 Mission Community Bancorp.

San Luis Obispo, California, United States

Mission Community Bancorp. is a locally owned and operated community bank.

Sell $56M