M&A Deal Summary

Discover Acquires First National Bank Alaska

On October 13, 2010, Discover acquired financial services company First National Bank Alaska

Acquisition Highlights
  • This is Discover’s 4th transaction in the Financial Services sector.
  • This is Discover’s 4th transaction in the United States.
  • This is Discover’s 1st transaction in Arkansas.

M&A Deal Summary

Date 2010-10-13
Target First National Bank Alaska
Sector Financial Services
Buyer(s) Discover
Deal Type Add-on Acquisition

Target

First National Bank Alaska

Anchorage, Arkansas, United States
First National Bank Alaska is a provider of merchant banking services in US.

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Buyer(S) 1

Buyer

Discover

Riverwoods, Illinois, United States

Category Company
Founded 1960
Sector Financial Services
Employees20,200
Revenue 13.3B USD (2022)
DESCRIPTION
Discover Financial's corporate headquarters in Riverwoods, Illinois.
Discover Financial's corporate headquarters in Riverwoods, Illinois.

Discover is a direct banking and payment services company with one of the most recognized brands in U.S. financial services. The Company issues the Discover card and offers home loans, private student loans, personal loans, home equity loans, checking and savings accounts, certificates of deposit and money market accounts through its direct banking business. Discover was founded in 1960 and is incorporated in Riverwoods, Illinois.


DEAL STATS #
Overall 4 of 5
Sector (Financial Services) 4 of 5
Type (Add-on Acquisition) 3 of 3
State (Arkansas) 1 of 1
Country (United States) 4 of 5
Year (2010) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-17 The Student Loan

Salt Lake City, Utah, United States

The Student Loan Corp. is a provider of affordable private student loans.

Buy $600M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-06 Home Loan Center

Irvine, California, United States

Home Loan Center, Inc. provides online consumer direct mortgage services.

Buy -