M&A Deal Summary

DNB Financial Acquires East River Bank

On April 4, 2016, DNB Financial acquired financial services company East River Bank for 49M USD

Acquisition Highlights
  • This is DNB Financial’s 1st transaction in the Financial Services sector.
  • This is DNB Financial’s largest (disclosed) transaction.
  • This is DNB Financial’s 1st transaction in the United States.
  • This is DNB Financial’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2016-04-04
Target East River Bank
Sector Financial Services
Buyer(s) DNB Financial
Deal Type Add-on Acquisition
Deal Value 49M USD
Advisor(s) Griffin Financial Group LLC (Financial)
Silver Freedman Taff & Tiernan (Legal)

Target

East River Bank

Philadelphia, Pennsylvania, United States
East River Bank is a provider of personal and business lending and deposit services.

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Buyer(S) 1

Buyer

DNB Financial

Downingtown, Pennsylvania, United States
Category Company
Founded 1860
Sector Financial Services
Revenue 46M USD (2018)
DESCRIPTION

DNB Financial Corp. is a bank holding company whose bank subsidiary, DNB First provides a broad array of consumer and business banking products, offers brokerage and insurance services through DNB Investments & Insurance and investment management services through DNB Investment Management & Trust. DNB Financial was founded in 1860 and is headquartered in Downingtown, Pennsylvania.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal