M&A Deal Summary

NexTier Acquires Eureka Financial

On September 3, 2015, NexTier acquired financial services company Eureka Financial for 35M USD

Acquisition Highlights
  • This is NexTier’s 2nd transaction in the Financial Services sector.
  • This is NexTier’s largest (disclosed) transaction.
  • This is NexTier’s 2nd transaction in the United States.
  • This is NexTier’s 2nd transaction in Pennsylvania.

M&A Deal Summary
Date 2015-09-03
Target Eureka Financial
Sector Financial Services
Buyer(s) NexTier
Deal Type Merger
Deal Value 35M USD
Advisor(s) Sandler O'Neill + Partners LP (Financial)
Kilpatrick Townsend & Stockton LLP (Legal)

Target

Eureka Financial

Pittsburgh, Pennsylvania, United States
Eureka Financial Corp. is a savings and loan holding company headquartered in Pittsburgh, is the parent company of Eureka Bank. Eureka Bank is a community and retail oriented federal stock savings bank with two community offices in Allegheny County, and headquarters in Oakland (Pittsburgh). As of June 30, 2015, Eureka Financial Corp. reported total assets of $155 million, total loans of $135 million and total deposits of $129 million.

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Buyer(S) 1

Buyer

NexTier

Kittanning, Pennsylvania, United States
Category Company
Founded 1897
Sector Financial Services
DESCRIPTION

NexTier, Inc. is a billion dollar financial services leader, offers Western Pennsylvania businesses and consumers a comprehensive line of products and services, 24 convenient locations, and a focus on premium customer service.

DEAL STATS #
Overall 2 of 2
Sector (Financial Services) 2 of 2
Type (Merger) 2 of 2
State (Pennsylvania) 2 of 2
Country (United States) 2 of 2
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-01 Farmers & Merchants Bank of Western PA

Kittanning, Pennsylvania, United States

Farmers & Merchants Bank of Western PA is a provider of financial services and products offers Western Pennsylvania businesses and consumers a comprehensive line of products and services,

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Legal