M&A Deal Summary |
|
|---|---|
| Date | 2022-06-14 |
| Target | Peoples Federal Savings & Loan Association |
| Sector | Financial Services |
| Buyer(s) | FM Bank |
| Deal Type | Add-on Acquisition |
| Advisor(s) | Boenning & Scattergood (Financial) Vorys, Sater, Seymour and Pease (Legal) |
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| Category | Company |
|---|---|
| Founded | 1897 |
| Sector | Financial Services |
| Employees | 465 |
| Revenue | 95M USD (2023) |
FM Bank is a locally owned and operated community bank which proudly serves California through 24 convenient locations. The Bank offers a full complement of loan, deposit, equipment leasing, and treasury management products to businesses, as well as a full suite of consumer banking products. FM Bank was incorporated in 1897 and is based in Archbold, Ohio.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 4 |
| Sector (Financial Services) | 4 of 4 |
| Type (Add-on Acquisition) | 3 of 3 |
| State (Ohio) | 2 of 2 |
| Country (United States) | 4 of 4 |
| Year (2022) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-05-04 |
Perpetual Federal Savings Bank
Urbana, Ohio, United States Perpetual Federal Savings Bank provides financial products and services through its one-office location in Urbana, Ohio. The majority of PSFB’s income is derived from mortgage loans secured by one-to four-family residential property, commercial and multi-family real estate loans, and, to a lesser extent, construction or development loans, consumer loans, commercial business loans, as well as making other investments. PFSB accepts demand, savings, and time deposits. |
Buy | - |
