Add-on Acquisition • Financial Services

Northfield Bank Acquires Victory State Bank

On December 23, 2019, Northfield Bank acquired financial services company Victory State Bank

Acquisition Context
  • This is Northfield Bank’s 2nd transaction in the Financial Services sector.
  • This is Northfield Bank’s 2nd transaction in the United States.
  • This is Northfield Bank’s 2nd transaction in New York.

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M&A Deal Summary

Date December 23, 2019
Target Victory State Bank
Sector Financial Services
Buyer(s) Northfield Bank
Deal Type Add-on Acquisition
Advisor(s) FinPro Capital Advisors (Financial)

Target Company

Victory State Bank

Staten Island, New York, United States
VSB Bancorp, Inc. is a provider of financial services for the commercial and retail industry. VSB Bancorp was founded in 1997 and is based in Staten Island, New York.
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Buyer Overview 1

Buyer

Northfield Bank

Woodbridge, New Jersey, United States

Category Company
Founded 1887
Sector Financial Services
Employees357
Revenue 128M USD (2024)
DESCRIPTION

Northfield Bank is a provider of financial services. Northfield Bank was founded in 1887 and is based in Woodbridge, New Jersey.


Deal Context for Buyer #
Overall 2 of 2
Sector: Financial Services 2 of 2
Type: Add-on Acquisition 2 of 2
State: New York 2 of 2
Country: United States 2 of 2
Year: 2019 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-02 Flatbush Federal Bancorp

Brooklyn, New York, United States

Flatbush Federal Bancorp, Inc. is a provider of financial services in US.

Buy -