M&A Deal Summary

National Penn Bank Acquires TF Financial

On October 24, 2014, National Penn Bank acquired financial services company TF Financial for 142M USD

Acquisition Highlights
  • This is National Penn Bank’s 5th transaction in the Financial Services sector.
  • This is National Penn Bank’s 3rd largest (disclosed) transaction.
  • This is National Penn Bank’s 5th transaction in the United States.
  • This is National Penn Bank’s 5th transaction in Pennsylvania.

M&A Deal Summary

Date 2014-10-24
Target TF Financial
Sector Financial Services
Buyer(s) National Penn Bank
Deal Type Add-on Acquisition
Deal Value 142M USD
Advisor(s) Keefe, Bruyette & Woods (Financial)
Spidi & Fisch PC (Legal)

Target

TF Financial

Newtown, Pennsylvania, United States
TF Financial Corp. is a provider of various financial services.

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Buyer(S) 1

Buyer

National Penn Bank

Allentown, Pennsylvania, United States

Category Company
Sector Financial Services
DESCRIPTION

National Penn Bank is a provider of commercial and personal banking services.


DEAL STATS #
Overall 5 of 5
Sector: Financial Services M&A 5 of 5
Type: Add-on Acquisition M&A Deals 5 of 5
State: Pennsylvania M&A 5 of 5
Country: United States M&A 5 of 5
Year: 2014 M&A 1 of 1
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-01 KNBT Bancorp

Bethlehem, Pennsylvania, United States

KNBT Bancorp, Inc. provides various banking services.

Buy $460M