M&A Deal Summary

Corporate America Family Credit Union Acquires Ben Franklin Financial

On July 16, 2019, Corporate America Family Credit Union acquired financial services company Ben Franklin Financial

Acquisition Highlights
  • This is Corporate America Family Credit Union’s 1st transaction in the Financial Services sector.
  • This is Corporate America Family Credit Union’s 1st transaction in the United States.
  • This is Corporate America Family Credit Union’s 1st transaction in Illinois.

M&A Deal Summary

Date 2019-07-16
Target Ben Franklin Financial
Sector Financial Services
Buyer(s) Corporate America Family Credit Union
Deal Type Add-on Acquisition
Advisor(s) Janney Montgomery Scott (Financial)
Luse Gorman (Legal)

Target

Ben Franklin Financial

Arlington Heights, Illinois, United States
Ben Franklin Financial, Inc. operated two bank branches in Arlington Heights and Rolling Meadows, Illinois and had $93.2 million in assets.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Corporate America Family Credit Union

Elgin, Illinois, United States

Category Company
Sector Financial Services
DESCRIPTION

Corporate America Family Credit Union (CAFCU) has 80 years of experience serving the financial needs of members, and currently has 20 locations in small towns and major metropolitan areas nationwide, serving 67,000 members.


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: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1