M&A Deal Summary

Fifth Third Bank Acquires Cumberland Federal Bancorp

On August 26, 1994, Fifth Third Bank acquired financial services company Cumberland Federal Bancorp for 147M USD

Acquisition Highlights
  • This is Fifth Third Bank’s 3rd transaction in the Financial Services sector.
  • This is Fifth Third Bank’s 15th largest (disclosed) transaction.
  • This is Fifth Third Bank’s 3rd transaction in the United States.
  • This is Fifth Third Bank’s 2nd transaction in Kentucky.

M&A Deal Summary
Date 1994-08-26
Target Cumberland Federal Bancorp
Sector Financial Services
Buyer(s) Fifth Third Bank
Deal Type Add-on Acquisition
Deal Value 147M USD

Target

Cumberland Federal Bancorp

Louisville, Kentucky, United States
Cumberland Federal Bancorp is the parent of The Cumberland Federal Savings Bank. Cumberland Federal provides various financial services.

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Buyer(S) 1

Buyer

Fifth Third Bank

Cincinnati, Ohio, United States
Category Company
Founded 1858
Sector Financial Services
Employees18,657
Revenue 8.5B USD (2023)
DESCRIPTION
Fifth Third Bank branch in Chicago, Illinois.
Fifth Third Bank branch in Chicago, Illinois.

Fifth Third Bank is a regional US-based bank. Fifth Third provides a variety of financial services including commercial lending, consumer lending, and investment advisory. Fifth Third Bank was incorporated in 1858 and is based in Cincinnati, Ohio.

DEAL STATS #
Overall 3 of 37
Sector (Financial Services) 3 of 31
Type (Add-on Acquisition) 3 of 32
State (Kentucky) 2 of 5
Country (United States) 3 of 37
Year (1994) 2 of 2
Size (of disclosed) 15 of 25
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1994-06-03 National Bancorp of Kentucky

Cynthiana, Kentucky, United States

National Bancorp of Kentucky, a independent bank holding company.

Buy $14M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1995-01-20 Mutual FSB of Miamisburg

Miamisburg, Ohio, United States

Mutual Federal Savings has three branches, two located in Miamisburg and one located in Centerville, Ohio. Mutual FSB provides banking operations.

Buy $21M
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