M&A Deal Summary

North Shore Bank FSB Acquires Layton Park Financial Group

On July 1, 2016, North Shore Bank FSB acquired financial services company Layton Park Financial Group

Acquisition Highlights
  • This is North Shore Bank FSB’s 1st transaction in the Financial Services sector.
  • This is North Shore Bank FSB’s 1st transaction in the United States.
  • This is North Shore Bank FSB’s 1st transaction in Wisconsin.

M&A Deal Summary

Date 2016-07-01
Target Layton Park Financial Group
Sector Financial Services
Buyer(s) North Shore Bank FSB
Deal Type Add-on Acquisition
Advisor(s) FIG Partners
Hovde Group (Financial)
Barack Ferrazzano Kirschbaum & Nagelberg (BKFN) (Legal)

Target

Layton Park Financial Group

West Allis, Wisconsin, United States
Layton Park Financial Group, Inc. State Bank is a state-chartered commercial bank had assets of $123 million and deposits of $108 million as of May 31, 2016. It has four branches that are located in West Allis, Greendale, New Berlin, and Milwaukee.

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Buyer(S) 1

Buyer

North Shore Bank FSB

Brookfield, Wisconsin, United States

Category Company
Founded 1923
Sector Financial Services
DESCRIPTION

North Shore Bank, founded in Shorewood and headquartered in Brookfield, has assets of over $1.8 billion and 45 offices throughout eastern Wisconsin and northern Illinois. Wisconsin locations are in metropolitan Milwaukee, Ozaukee County, Racine, Kenosha, Appleton, Menasha, Green Bay and surrounding areas, Burlington, Union Grove, Muskego, and Door County.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Wisconsin M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1