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  5. Oriental Bank of Commerce Acquires Global Trust Bank

M&A Deal Summary

Oriental Bank of Commerce Acquires Global Trust Bank

On August 14, 2004, Oriental Bank of Commerce acquired financial services company Global Trust Bank

Acquisition Highlights
  • This is Oriental Bank of Commerce’s 1st transaction in the Financial Services sector.
  • This is Oriental Bank of Commerce’s 1st transaction in the United States.

M&A Deal Summary
Date 2004-08-14
Target Global Trust Bank
Sector Financial Services
Buyer(s) Oriental Bank of Commerce
Deal Type Add-on Acquisition

Target

Global Trust Bank

Secunderabad, United States
Global Trust Bank is a provider of retail banking, corporate banking, NRI services, and investment banking.

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Buyer(S) 1

Buyer

Oriental Bank of Commerce

Gurgaon, India
Category Company
Founded 1901
Sector Financial Services
Employees20,200
DESCRIPTION

Oriental Bank of Commerce is a provider of various banking and financial products and services for individual and corporate clients in India.

DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2004 M&A 1 of 1
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