M&A Deal Summary |
|
|---|---|
| Date | 2004-03-05 |
| Target | People s Bank Credit Card Operations |
| Sector | Financial Services |
| Buyer(s) | Citizens Financial Group |
| Sellers(s) | People s United Bank |
| Deal Type | Divestiture |
| Deal Value | 2.4B USD |
SEARCH BY
| Category | Company |
|---|---|
| Founded | 1828 |
| Sector | Financial Services |
| Employees | 17,800 |
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 | 27 of 35 |
| Sector: Financial Services M&A | 26 of 30 |
| Type: Divestiture M&A Deals | 4 of 4 |
| Country: United States M&A | 27 of 35 |
| Year: 2004 M&A | 2 of 3 |
| Size (of disclosed) | 3 of 22 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-01-05 |
Thistle Group Holdings Co.
Philadelphia, Pennsylvania, United States Thistle Group Holdings, Co. operates as the holding company for the Roxborough Manayunk Bank, provides lending and investment activities. |
Buy | $147M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-08-31 |
Charter One Financial
Cleveland,, Ohio, United States Charter One Financial, Inc. operated as the holding company for Charter One Bank, N.A., which offered a range of deposit products, consumer loans, business lending, and commercial real estate loans. |
Buy | $10.5B |
| Category | Company |
|---|---|
| Founded | 1842 |
| Sector | Financial Services |
| Employees | 6,110 |
| Revenue | 1.8B USD (2019) |
People's United Bank is a diversified financial services company with $33 billion in assets. People’s United Bank is a premier, community-based, regional bank in the Northeast offering commercial and retail banking, as well as wealth management services through a network of over 400 retail locations in Connecticut, New York, Massachusetts, Vermont, New Hampshire, and Maine. People's United Bank was founded in 1842 and is based in Bridgeport, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 2 |
| Sector: Financial Services M&A | 1 of 2 |
| Type: Divestiture M&A Deals | 1 of 2 |
| Country: United States M&A | 1 of 2 |
| Year: 2004 M&A | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1998-02-24 |
Norwich Financial
Norwich, Connecticut, United States Norwich Financial Corp., a financial service company. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-01-02 |
Chittenden
Burlington, Vermont, United States Chittenden Corp., provides various financial services. |
Buy | $1.9B |
