M&A Deal Summary |
|
|---|---|
| Date | 2020-02-19 |
| Target | People s United Financial - LH-Finance |
| Sector | Financial Services |
| Buyer(s) | Home Bank |
| Sellers(s) | People s United Bank |
| Deal Type | Divestiture |
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| Category | Company |
|---|---|
| Founded | 1998 |
| Sector | Financial Services |
| Employees | 2,819 |
| Revenue | 978M USD (2023) |
Home Bank is a bank holding company for Centennial Bank provides a broad range of commercial and retail banking plus related financial services to businesses, real estate developers, investors, individuals and municipalities. Home Bank was founded in 1998 and is based in Conway, Arkansas.
| DEAL STATS | # |
|---|---|
| Overall | 9 of 9 |
| Sector (Financial Services) | 9 of 9 |
| Type (Divestiture) | 3 of 3 |
| State (Connecticut) | 1 of 1 |
| Country (United States) | 9 of 9 |
| Year (2020) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-09-26 |
Stonegate Bank
Pompano Beach, Florida, United States Stonegate Bank is a provider of private and commercial banking services. Stonegate Bank was founded in 2005 and is based in Pompano Beach, Florida. |
Buy | $792M |
| Category | Company |
|---|---|
| Founded | 1842 |
| Sector | Financial Services |
| Employees | 6,110 |
| Revenue | 1.8B USD (2019) |
People's United Bank is a diversified financial services company with $33 billion in assets. People’s United Bank is a premier, community-based, regional bank in the Northeast offering commercial and retail banking, as well as wealth management services through a network of over 400 retail locations in Connecticut, New York, Massachusetts, Vermont, New Hampshire, and Maine. People's United Bank was founded in 1842 and is based in Bridgeport, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector (Financial Services) | 2 of 2 |
| Type (Divestiture) | 2 of 2 |
| State (Connecticut) | 1 of 1 |
| Country (United States) | 2 of 2 |
| Year (2020) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-07-15 |
United Financial Bancorp
Hartford, Connecticut, United States United Financial Bancorp, Inc. is a holding company for United Bank, a full-service financial services firm offering a complete line of commercial, small business, wealth management, and consumer banking products and services to customers throughout Connecticut, Massachusetts and Rhode Island. |
Buy | $759M |
