M&A Deal Summary |
|
---|---|
Date | 2021-07-12 |
Target | 1st Constitution Bank |
Sector | Financial Services |
Buyer(s) | Lakeland Bank |
Deal Type | Add-on Acquisition |
Deal Value | 244M USD |
Advisor(s) | Raymond James - Investment Banking (Financial) Day Pitney (Legal) |
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Category | Company |
---|---|
Founded | 1969 |
Sector | Financial Services |
Employees | 826 |
Revenue | 304M USD (2023) |
Lakeland Bank is a holding company for Lakeland Bank offers an extensive array of consumer and commercial financial products and services, including online and mobile banking, localized commercial lending teams, an expanded residential mortgage lending platform and 24-hour-or-less turnaround on consumer loan applications. Lakeland Bank was founded in 1969 and is based in Oak Ridge, New Jersey.
DEAL STATS | # |
---|---|
Overall | 4 of 4 |
Sector (Financial Services) | 4 of 4 |
Type (Add-on Acquisition) | 2 of 2 |
State (New Jersey) | 4 of 4 |
Country (United States) | 4 of 4 |
Year (2021) | 1 of 1 |
Size (of disclosed) | 1 of 3 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2016-02-18 |
Harmony Bank
Lakewood, New Jersey, United States Harmony Bank is a state-chartered commercial bank that focuses on serving consumers and small-to-medium-size businesses. |
Buy | $32M |