M&A Deal Summary

City National Acquires First American Equipment Finance

On April 23, 2012, City National acquired financial services company First American Equipment Finance

Acquisition Highlights
  • This is City National’s 6th transaction in the Financial Services sector.
  • This is City National’s 6th transaction in the United States.
  • This is City National’s 1st transaction in New York.

M&A Deal Summary
Date 2012-04-23
Target First American Equipment Finance
Sector Financial Services
Buyer(s) City National
Deal Type Add-on Acquisition

Target

First American Equipment Finance

Rochester, New York, United States
First American Equipment Finance provides technology equipment financing solutions for middle market and investment-grade borrowers. Its clients include educational institutions, hospitals and health systems, large law firms, insurance underwriters, enterprise businesses, professional service businesses and nonprofit organizations.

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Buyer(S) 1

Buyer

City National

Los Angeles, California, United States
Category Company
Founded 1953
Sector Financial Services
Employees3,638
Revenue 1.3B USD (2014)
DESCRIPTION
City National branch in New York City.
City National branch in New York City.

City National Bank provides banking, investment and trust services through 75 branches and offices, including 16 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada, New York City, Nashville and Atlanta. City National was formed in 1953 and is based in Los Angeles, California.

DEAL STATS #
Overall 6 of 7
Sector (Financial Services) 6 of 7
Type (Add-on Acquisition) 3 of 4
State (New York) 1 of 2
Country (United States) 6 of 7
Year (2012) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-08 Nevada Commerce Bank

Las Vegas, Nevada, United States

Nevada Commerce Bank is a Las Vegas based bank that was formed in 2000.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-25 Rochdale Investment Management

New York, New York, United States

Rochdale Investment Management LLC is an investment firm that manages assets for affluent and high-net-worth clients.

Buy -
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