M&A Deal Summary |
|
|---|---|
| Date | 1999-12-31 |
| Target | Citigroup - Four Branches |
| Sector | Financial Services |
| Buyer(s) | First Bank |
| Sellers(s) | Citi |
| Deal Type | Divestiture |
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| Category | Company |
|---|---|
| Founded | 1948 |
| Sector | Financial Services |
| Employees | 3,168 |
| Revenue | 897M USD (2023) |
First Bank is a financial holding company offering commercial banking, residential mortgage loan, finance lease, personal loan, small loan, auto loan, insurance, and broker dealer products and services to retail, commercial, and institutional customers primarily in Puerto Rico, and to a lesser extent in the U.S. and British Virgin Islands and Florida. First Bank was incorporated in 1948 and is based in San Juan, Puerto Rico.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 14 |
| Sector: Financial Services M&A | 2 of 13 |
| Type: Divestiture M&A Deals | 2 of 7 |
| Country: United States M&A | 1 of 12 |
| Year: 1999 M&A | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1999-09-15 |
Royal Bank of Canada - One Branch
Canada Royal Bank of Canada - One Branch provides various financial services and products. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2000-09-25 |
First Virgin Islands Federal Savings Bank
United States First Virgin Islands Federal Savings Bank is a provider of financial services and products for commercial and individuals. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1812 |
| Sector | Financial Services |
| Employees | 226,710 |
| Revenue | 81.1B USD (2024) |
Citi is a global diversified financial services holding company, whose businesses provide consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management. Citi was incorporated in 1812 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 19 |
| Sector: Financial Services M&A | 1 of 12 |
| Type: Divestiture M&A Deals | 1 of 16 |
| Country: United States M&A | 1 of 11 |
| Year: 1999 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1981-01-01 |
Diners Club International
Chicago, Illinois, United States Established in 1950, Diners Club International became the first multi-purpose charge card in the world, launching a financial revolution in how consumers and companies pay for products and services. Today, Diners Club is a globally recognized brand serving the payment needs of select and affluent consumers, offering access to more than 500 airports lounges worldwide, and providing corporations and small business owners with a complete array of expense management solutions. With acceptance in more than 185 countries and territories, millions of merchant locations and access to more than 1 million cash access locations and ATMs, Diners Club is uniquely qualified to serve its cardmembers all over the world. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2000-08-28 |
CitiStreet
North Quincy, Massachusetts, United States CitiStreet LLC is a US-based retirement plan and benefit service and administration company, with additional operations in Australia for more than 16,000 plans and 12 million participants. |
Buy | - |
