1. Home >
  2. M&A >
  3. Add-on Acquisition >
  4. United States >
  5. California >
  6. Opus Bank Acquires PENSCO Trust Co.

M&A Deal Summary

Opus Bank Acquires PENSCO Trust Co.

On April 14, 2016, Opus Bank acquired financial services company PENSCO Trust Co. for 46M USD

Acquisition Highlights
  • This is Opus Bank’s 3rd transaction in the Financial Services sector.
  • This is Opus Bank’s largest (disclosed) transaction.
  • This is Opus Bank’s 4th transaction in the United States.
  • This is Opus Bank’s 3rd transaction in California.

M&A Deal Summary
Date 2016-04-14
Target PENSCO Trust Co.
Sector Financial Services
Buyer(s) Opus Bank
Deal Type Add-on Acquisition
Deal Value 46M USD
Advisor(s) Financial Technology Partners - FT Partners (Financial)
Goodwin Procter (Legal)

Target

PENSCO Trust Co.

San Francisco, California, United States
PENSCO Trust Co. is a tech-enabled alternative asset IRA custodian to private equity, real estate, notes, and other non-exchange traded assets. PENSCO Trust Co. was formed in 1989 and is based in San Francisco, California.

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Opus Bank

Irvine, California, United States
Category Company
Founded 1982
Sector Financial Services
Employees794
Revenue 247M USD (2018)
DESCRIPTION

Opus Bank offers a suite of treasury and cash management and depository solutions, and a wide range of loan products, including commercial, healthcare, media and entertainment, corporate finance, multifamily residential, commercial real estate and structured finance, and is an SBA preferred lender. Opus Bank was founded in 1982 and is based in Irvine, California.

DEAL STATS #
Overall 4 of 4
Sector: Financial Services M&A 3 of 3
Type: Add-on Acquisition M&A Deals 3 of 3
State: California M&A 3 of 3
Country: United States M&A 4 of 4
Year: 2016 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-14 Better Life Technology

Lenexa, Kansas, United States

Better Life Technology LLC is a manufacturer, designer, marketer and distributor of highly specialized vinyl flooring products and unique printing substrates for multiple end markets.

Buy -
Mergr

Solution for

Product

Company

Legal