M&A Deal Summary |
|
|---|---|
| Date | 2014-08-08 |
| Target | Popular Inc - Illinois 12 Branches |
| Sector | Financial Services |
| Buyer(s) | First Midwest Bank |
| Sellers(s) | Popular |
| Deal Type | Divestiture |
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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 | 12 of 18 |
| Sector (Financial Services) | 12 of 18 |
| Type (Divestiture) | 6 of 6 |
| State (Illinois) | 7 of 13 |
| Country (United States) | 12 of 18 |
| Year (2014) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-08-03 |
Waukegan Savings Bank
Waukegan, Illinois, United States Waukegan Savings Bank offers personal and commercial banking services. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-12-02 |
Great Lakes Financial Resources
Matteson, Illinois, United States First Midwest Bancorp Inc. operates as a bank holding company for Great Lakes Bank, National Association, which offers personal and commercial banking services. |
Buy | $61M |
| Category | Company |
|---|---|
| Founded | 1893 |
| Sector | Financial Services |
| Employees | 9,241 |
| Revenue | 2.6B USD (2023) |
Popular is a banking institution by both assets and deposits in Puerto Rico and in the United States ranks among the 50 largest banks and thrifts by total assets. In the United States, Popular has established a community banking franchise providing a broad range of financial services and products with branches in Florida, New Jersey and New York. Popular was founded in 1893 and is based in Hato Rey, Puerto Rico.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 3 |
| Sector (Financial Services) | 1 of 2 |
| Type (Divestiture) | 2 of 3 |
| State (Illinois) | 1 of 1 |
| Country (United States) | 2 of 3 |
| Year (2014) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-01-23 |
Equity One - Popular
United States Equity One is a diversified consumer institution offering a complete line of real estate secured, home improvement and unsecured loan products. |
Sell | $1.5B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-02-27 |
Banco Popular de Puerto Rico 10 Branches
United States Banco Popular de Puerto Rico 10 Branches offers retail and commercial banking services. |
Sell | - |
