M&A Deal Summary |
|
|---|---|
| Date | 2018-12-06 |
| Target | Bridgeview Bank Group |
| Sector | Financial Services |
| Buyer(s) | First Midwest Bank |
| Sellers(s) | BankCap Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 145M USD |
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| Category | Company |
|---|---|
| Founded | 1982 |
| Sector | Financial Services |
| Employees | 2,074 |
| Revenue | 720M USD (2020) |
First Midwest Bank is a provides a full range of both business and retail banking and trust and investment management services through some 100 offices located in 64 communities primarily in metropolitan Chicago. First Midwest Bank was founded in 1982 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 17 of 18 |
| Sector (Financial Services) | 17 of 18 |
| Type (Add-on Acquisition) | 11 of 12 |
| State (Illinois) | 12 of 13 |
| Country (United States) | 17 of 18 |
| Year (2018) | 2 of 2 |
| Size (of disclosed) | 3 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-06-07 |
NorStates Bank
Waukegan, Illinois, United States NorStates Bank is a wholly-owned subsidiary of Northern States and maintains its principal executive offices in Waukegan, Illinois. NorStates Bank is a client-focused bank committed to providing quality financial services with a personal touch through a complete line of loan, deposit and cash management services. It provides these financial services through eight banking locations in Lake County, Illinois. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-03-14 |
Bridgeview Bancorp
Bridgeview, Illinois, United States Bridgeview Bancorp, Inc. is a wholly owned subsidiary of Bridgeview and maintains its principal executive offices in Bridgeview, Illinois. Bridgeview Bank is a client-focused bank committed to providing an outstanding banking experience for all its personal and business banking clients. It provides this experience through 13 banking locations throughout greater Chicagoland. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2005 |
| Size | Middle-Market |
| Type | Sector Focused |
BankCap Partners is a private equity firm that targets investments in the commercial banking sector. BankCap looks to form and fund mid-sized banks focused on serving middle-market businesses. BankCap will partner with experienced management teams in completing transactions and seeks to initially commit between $5 and $40 million per investment. In addition to funding banks, BankCap will also consider investments in the broader financial services sector. BankCap Partners was formed in 2005 and is based in Dallas, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 4 |
| Sector (Financial Services) | 4 of 4 |
| Type (Add-on Acquisition) | 1 of 1 |
| State (Illinois) | 1 of 1 |
| Country (United States) | 4 of 4 |
| Year (2018) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-06-01 |
First Bank
Hamilton, New Jersey, United States First Bank is a New Jersey state-chartered bank with 14 full-service branches in Cranbury, Denville, Ewing, Flemington, Hamilton, Lawrence, Randolph, Somerset and Williamstown, New Jersey, and Trevose, Doylestown, Warminster, Bensalem and Levittown, Pennsylvania. With $1.2 billion in assets as of June 30, 2017, First Bank offers a traditional range of deposit and loan products to individuals and businesses throughout the New York City to Philadelphia corridor. First Bank was founded in 2007 and is based in Hamilton, New Jersey. |
Buy | - |
