Add-on Acquisition • Financial Services

DNB Financial Acquires East River Bank

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

Acquisition Context

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.

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M&A Deal Summary
Date	April 4, 2016
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 (Financial) Silver Freedman Taff & Tiernan (Legal)

Target Company

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 Overview 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 Context for Buyer	#
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

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