M&A Deal Summary

Investors Bank Acquires Gold Coast Bank

On July 24, 2019, Investors Bank acquired financial services company Gold Coast Bank for 64M USD

Acquisition Highlights
  • This is Investors Bank’s 1st transaction in the Financial Services sector.
  • This is Investors Bank’s largest (disclosed) transaction.
  • This is Investors Bank’s 1st transaction in the United States.
  • This is Investors Bank’s 1st transaction in New York.

M&A Deal Summary
Date 2019-07-24
Target Gold Coast Bank
Sector Financial Services
Buyer(s) Investors Bank
Deal Type Merger
Deal Value 64M USD
Advisor(s) Keefe, Bruyette, & Woods, Inc. (Financial)
Windels Marx Lane & Mittendorf (Legal)

Target

Gold Coast Bank

Islandia, New York, United States
Gold Coast Bancorp, Inc. is the holding company for Gold Coast Bank, which was founded in 2008. Headquartered in Islandia, NY with additional branches located in Huntington, Setauket, Farmingdale, Mineola, Southampton and Brooklyn, Gold Coast Bank is a New York State chartered bank whose popularity and reputation stems from the strong, long-term relationships cultivated among its large and diverse customer base.

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Buyer(S) 1

Buyer

Investors Bank

Short Hills, New Jersey, United States
Category Company
Founded 1926
Sector Financial Services
Revenue 816M USD (2020)
DESCRIPTION

Investors Bank is the holding company for Investors Bank, which operates from its corporate headquarters in Short Hills, New Jersey and 147 branches located throughout New Jersey and New York. Investors Bank was founded in 1926 and is based in Short Hills, New Jersey.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Merger) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal