M&A Deal Summary

Centreville Bank Acquires PB Bancorp

On October 22, 2019, Centreville Bank acquired financial services company PB Bancorp for 116M USD

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

M&A Deal Summary
Date 2019-10-22
Target PB Bancorp
Sector Financial Services
Buyer(s) Centreville Bank
Deal Type Add-on Acquisition
Deal Value 116M USD

Target

PB Bancorp

Putnam, Connecticut, United States
PB Bancorp, Inc. operates as the holding company of Putnam Bank offering a wide range of financial services through its eight full-service offices. The Bank's deposits are insured by the Federal Deposit Insurance Corporation. PB Bancorp was formed in 1862 and is based in Putnam, Connecticut.

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Buyer(S) 1

Buyer

Centreville Bank

West Warwick, Rhode Island, United States
Category Company
Founded 1828
Sector Financial Services
DESCRIPTION

Formed in 1828, Centreville Bank is a capitalized community bank operating through seven branch locations in Coventry, Cranston, East Greenwich, Narragansett, North Kingstown, West Greenwich, and West Warwick.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
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