M&A Deal Summary

Citizens Financial Group Acquires Investors Bank

On July 28, 2021, Citizens Financial Group acquired financial services company Investors Bank for 3.5B USD

Acquisition Highlights
  • This is Citizens Financial Group’s 29th transaction in the Financial Services sector.
  • This is Citizens Financial Group’s 2nd largest (disclosed) transaction.
  • This is Citizens Financial Group’s 31st transaction in the United States.
  • This is Citizens Financial Group’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2021-07-28
Target Investors Bank
Sector Financial Services
Buyer(s) Citizens Financial Group
Deal Type Merger
Deal Value 3.5B USD
Advisor(s) Keefe, Bruyette, & Woods, Inc.
Piper Sandler & Co. (Financial)
Luse Gorman (Legal)

Target

Investors Bank

Short Hills, New Jersey, United States
Investors Bank is the holding company for Investors Bank, which operates from its corporate headquarters in Short Hills, New Jersey and 147 branches located throughout New Jersey and New York. Investors Bank was founded in 1926 and is based in Short Hills, New Jersey.

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Buyer(S) 1

Buyer

Citizens Financial Group

Providence, Rhode Island, United States
Category Company
Founded 1828
Sector Financial Services
Employees17,800
DESCRIPTION

Citizens Financial Group, Inc. operates as the bank holding company for Citizens Bank, N.A. and Citizens Bank of Pennsylvania that provide banking products and services.

DEAL STATS #
Overall 31 of 35
Sector (Financial Services) 29 of 30
Type (Merger) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 31 of 35
Year (2021) 1 of 3
Size (of disclosed) 2 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-13 Trinity Capital

Los Angeles, California, United States

Trinity Capital LLC is an independent investment banking boutique founded with the specific purpose of providing clients with unparalleled industry expertise and senior-level attention from the most qualified professionals.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-05 Willamette

Chicago, Illinois, United States

Willamette delivers a range of financial advising services to corporate clients and the legal profession. Those services include business valuation, intellectual property valuation and royalty rate analysis, forensic accounting investigations, transaction fairness opinions, and solvency opinions, lost profits and economic damages analysis, not-for-profit entity valuation and private investment opinions, transaction financial advisor and due diligence services, and employee stock ownership plan (ESOP) valuation and adequate consideration opinions. Willamette was founded in 1969 and is based in Chicago, Illinois.

Buy -
Mergr

Product

Company

Legal