M&A Deal Summary

Metavante Acquires First Financial Bancorp - Merchant Service Portfolio

On October 11, 2007, Metavante acquired internet software and services company First Financial Bancorp - Merchant Service Portfolio from First Financial Bank

Acquisition Highlights
  • This is Metavante’s 1st transaction in the Internet Software and Services sector.
  • This is Metavante’s 5th transaction in the United States.

M&A Deal Summary

Date 2007-10-11
Target First Financial Bancorp - Merchant Service Portfolio
Sector Internet Software and Services
Buyer(s) Metavante
Sellers(s) First Financial Bank
Deal Type Divestiture

Target

First Financial Bancorp - Merchant Service Portfolio

United States
First Financial Bancorp Merchant Service Portfolio is engaged in the merchant payment processing software.

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Buyer(S) 1

Buyer

Metavante

Milwaukee, Wisconsin, United States

Category Company
Founded 1964
Sector Information Technology
DESCRIPTION

Metavante Corp. is a financial services technology company providing integrated banking and payments products and services to banks, retailers, healthcare providers and government entities. Metavante provides core processing technology to run bank operations including account processing for deposit, loan and trust systems, e-banking, risk and compliance and commercial treasury.


DEAL STATS #
Overall 5 of 5
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 5 of 5
Year: 2007 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-22 AdminiSource

Carrollton, Texas, United States

AdminiSource, located in Carrollton, Texas, is a technology company that has clients in 30 states across the nation. Formed in 1997, AdminiSource continues to provide customized payment distribution services, both print/mail and electronic, along with other applications including: ID cards, billing statements, correspondence and fulfillment services. All services are Web-enabled, with secure access ensuring client data and information is protected. AdminiSource currently produces 300,000 - 400,000 transactions daily for over 120 client locations nationwide.

Buy -

Seller(S) 1

SELLER

First Financial Bank

Cincinnati, Ohio, United States

Category Company
Founded 1863
Sector Financial Services
Employees2,090
Revenue 836M USD (2024)
DESCRIPTION

First Financial Bank is a mid-sized, regional bank holding company. First Financial engages in the business of commercial banking and other banking and banking-related activities through its wholly owned subsidiary, First Financial Bank. The range of banking services provided by First Financial to individuals and businesses includes commercial lending, real estate lending, and consumer financing. In addition, a full range of trust and wealth management services is also provided through First Financial’s Wealth Management division. First Financial Bank was incorporated in 1863 and is based in Cincinnati, Ohio.


DEAL STATS #
Overall 2 of 3
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 2 of 3
Country: United States M&A 2 of 3
Year: 2007 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-20 Fidelity Federal Savings Bank

Marion, Indiana, United States

Fidelity Federal Savings Bank is a savings institution that offers banking services and products.

Sell $20M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-01 Irwin Union Bank and Trust Co.

Columbus,, Indiana, United States

Irwin Union Bank and Trust Company provides commercial banking services in Indiana, Michigan, Nevada, and Utah. It offers personal and business banking services, and investment services.

Buy -