M&A Deal Summary |
|
|---|---|
| Date | 2016-05-02 |
| Target | Cape Bancorp |
| Sector | Financial Services |
| Buyer(s) | OceanFirst Financial |
| Sellers(s) | Patriot Financial Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 206M USD |
SEARCH BY
Try For Free 7-Day Free Trial
| Category | Company |
|---|---|
| Founded | 1902 |
| Sector | Financial Services |
| Employees | 878 |
| Revenue | 399M USD (2023) |
OceanFirst Financial is a federally chartered stock savings bank with $2.2 billion in assets and is the largest community based financial institution headquartered in Ocean County. OceanFirst Financial was founded in 1902 and is based in Red Bank, New Jersey.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 4 |
| Sector (Financial Services) | 2 of 3 |
| Type (Add-on Acquisition) | 2 of 4 |
| State (New Jersey) | 1 of 3 |
| Country (United States) | 2 of 4 |
| Year (2016) | 1 of 1 |
| Size (of disclosed) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-02-25 |
Colonial American Bank
Horsham, Pennsylvania, United States Colonial American Bank is a state chartered bank. Colonial is insured by the Federal Deposit Insurance Corporation ("FDIC"). Colonial maintains its principle branch office in Middletown, New Jersey and provides services primarily in Monmouth County, New Jersey and its surroundings counties. |
Buy | $11M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-06-30 |
Sun Bank
Mount Laurel, New Jersey, United States Sun Bank is a provider of commercial and retail banking services. Sun Bank serves the New Jersey region with community banking centers across eleven New Jersey counties, as well as through commercial lending offices in Edison and Mount Laurel, New Jersey, and Manhattan, New York. Sun Bank is based in Mount Laurel, New Jersey. |
Buy | $487M |
| Category | Private Equity Firm |
|---|---|
| Founded | 2007 |
| PE ASSETS | 1.3B USD |
| Size | Large |
| Type | Sector Focused |
Patriot Financial Partners is a private equity firm focused on acquiring and investing in community based banks, thrifts, and other related financial services companies throughout the US. Patriot is a hands-on investor and seeks businesses with assets between $500 million and $5 billion. Patriot Financial Partners was established in 2007 and is headquartered in Radnor, Pennsylvania.
| DEAL STATS | # |
|---|---|
| Overall | 7 of 14 |
| Sector (Financial Services) | 7 of 14 |
| Type (Add-on Acquisition) | 6 of 11 |
| State (New Jersey) | 1 of 1 |
| Country (United States) | 7 of 14 |
| Year (2016) | 1 of 2 |
| Size (of disclosed) | 6 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-11-23 |
American Chartered Bancorp
Schaumburg, Illinois, United States American Chartered Bank is the Company's wholly owned banking subsidiary. American Chartered is a business bank with 15 offices in metropolitan Chicago and the surrounding suburbs. |
Sell | $449M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-12-13 |
Heritage Oaks Bancorp.
Paso Robles, California, United States Heritage Oaks Bancorp. is a holding company for Heritage Oaks Bank which provides personal and business banking solutions. With $2.0 billion in assets, Heritage Oaks Bancorp is headquartered in Paso Robles, California and is the holding company for Heritage Oaks Bank. Heritage Oaks Bank operates two branch offices each in Paso Robles and San Luis Obispo; single branch offices in Atascadero, Templeton, Cambria, Morro Bay, Arroyo Grande, Santa Maria, Goleta and Santa Barbara; as well as a single loan production office in Ventura/Oxnard. Heritage Oaks Bank conducts commercial banking business in San Luis Obispo, Santa Barbara, and Ventura counties. |
Sell | $406M |
