M&A Deal Summary

First National Bank Acquires Metro Bancorp

On August 4, 2015, First National Bank acquired financial services company Metro Bancorp for 474M USD

Acquisition Highlights
  • This is First National Bank’s 12th transaction in the Financial Services sector.
  • This is First National Bank’s 2nd largest (disclosed) transaction.
  • This is First National Bank’s 12th transaction in the United States.
  • This is First National Bank’s 7th transaction in Pennsylvania.

M&A Deal Summary
Date 2015-08-04
Target Metro Bancorp
Sector Financial Services
Buyer(s) First National Bank
Deal Type Add-on Acquisition
Deal Value 474M USD
Advisor(s) Sandler O'Neill + Partners (Financial)
Mette, Evans & Woodside (Legal)

Target

Metro Bancorp

Harrisburg, Pennsylvania, United States
Metro Bancorp, Inc. is a provider of financial services.

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Buyer(S) 1

Buyer

First National Bank

Pittsburgh, Pennsylvania, United States
Category Company
Founded 1864
Sector Financial Services
Employees4,008
Revenue 1.6B USD (2023)
DESCRIPTION

First National Bank is a financial holding company, provides various financial services to consumers and small- to medium-sized businesses primarily in Pennsylvania, eastern Ohio, and northern West Virginia. First National Bank was incorporated in 1864 and is based in Pittsburgh, Pennsylvania.

DEAL STATS #
Overall 12 of 14
Sector (Financial Services) 12 of 14
Type (Add-on Acquisition) 11 of 12
State (Pennsylvania) 7 of 7
Country (United States) 12 of 14
Year (2015) 1 of 1
Size (of disclosed) 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-22 OBA Financial Services

Germantown,, Maryland, United States

OBA Financial Services, Inc. serves as the holding company for its wholly owned subsidiary, OBA Bank, which has 6 banking offices in Montgomery, Anne Arundel, and Howard Counties.

Buy $94M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-21 Yadkin Financial

Raleigh, North Carolina, United States

Yadkin Financial Corporation is the holding company for Yadkin Bank, a full-service statechartered community bank providing services in 100 branches across North Carolina and upstate South Carolina. Serving approximately 130,000 customers, Yadkin has assets of $7.5 billion. Yadkin Bank's primary business is providing banking, mortgage, investment and insurance services to residents and businesses across the Carolinas. Yadkin Bank provides mortgagelending services through its mortgage division, Yadkin Mortgage, headquartered in Winston-Salem, NC.

Buy $1.4B
Mergr

Product

Company

Legal