M&A Deal Summary |
|
|---|---|
| Date | 2011-08-16 |
| Target | Flagstar Bank FSB 22 Retail Banking Branches |
| Sector | Financial Services |
| Buyer(s) | First Financial Bank |
| Sellers(s) | Flagstar Bank |
| Deal Type | Divestiture |
SEARCH BY
| Category | Company |
|---|---|
| Founded | 1863 |
| Sector | Financial Services |
| Employees | 2,090 |
| Revenue | 836M USD (2024) |
First Financial Bank is a mid-sized, regional bank holding company. First Financial engages in the business of commercial banking and other banking and banking-related activities through its wholly owned subsidiary, First Financial Bank. The range of banking services provided by First Financial to individuals and businesses includes commercial lending, real estate lending, and consumer financing. In addition, a full range of trust and wealth management services is also provided through First Financial’s Wealth Management division. First Financial Bank was incorporated in 1863 and is based in Cincinnati, Ohio.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 11 |
| Sector: Financial Services M&A | 4 of 11 |
| Type: Divestiture M&A Deals | 1 of 1 |
| State: Indiana M&A | 2 of 4 |
| Country: United States M&A | 4 of 11 |
| Year: 2011 M&A | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-06-03 |
Liberty Savings Bank F.S.B.
Wilmington, Ohio, United States Liberty Savings Bank, F.S.B. is a provider of federal savings bank services. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-02-20 |
Liberty Savings Bank F.S.B.
Wilmington, Ohio, United States Liberty Savings Bank, F.S.B. is a provider of federal savings bank services. |
Sell | $12M |
| Category | Company |
|---|---|
| Founded | 1987 |
| Sector | Financial Services |
| Employees | 4,641 |
| Revenue | 1.7B USD (2020) |
Flagstar Bank is a savings and loan holding company that primarily originates or purchases residential mortgage loans throughout the US and sells them into securitization pools, primarily to Fannie Mae, Freddie Mac, and Ginnie Mae or as whole loans. In addition, Flagstar originates or purchases residential first mortgage loans, consumer loans, commercial loans and warehouse loans included in held-for-investment loan portfolios. Flagstar Bancorp was originally established in 1987 and is based in Troy, Michigan.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 2 |
| Sector: Financial Services M&A | 1 of 2 |
| Type: Divestiture M&A Deals | 1 of 2 |
| State: Indiana M&A | 1 of 1 |
| Country: United States M&A | 1 of 2 |
| Year: 2011 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-02-06 |
Stearns Lending - Delegated Correspondent Business
Santa Ana, California, United States Stearns Lending - Delegated Correspondent Business consists of approximately 250 correspondent relationships accounting for over $7 billion of agency and governmental residential mortgage loan production annually. |
Buy | - |
