M&A Deal Summary

Oritani Financial Acquires Greater Community Bancorp.

On November 14, 2007, Oritani Financial acquired financial services company Greater Community Bancorp. for 187M USD

Acquisition Highlights
  • This is Oritani Financial’s 1st transaction in the Financial Services sector.
  • This is Oritani Financial’s largest (disclosed) transaction.
  • This is Oritani Financial’s 1st transaction in the United States.
  • This is Oritani Financial’s 1st transaction in New Jersey.
Investment Fate
  • Greater Community Bancorp. merged with another company in 2008.

M&A Deal Summary

Date 2007-11-14
Target Greater Community Bancorp.
Sector Financial Services
Buyer(s) Oritani Financial
Deal Type Add-on Acquisition
Deal Value 187M USD
Advisor(s) Sandler O'Neill + Partners (Financial)
Quarles & Brady (Legal)

Target

Greater Community Bancorp.

Totowa, New Jersey, United States
Greater Community Bancorp is a financial holding company. Greater Community operates 15 full-service branches in the northern New Jersey counties of Bergen, Passaic and Morris through its state-chartered commercial bank subsidiary Greater Community Bank.

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Buyer(S) 1

Buyer

Oritani Financial

Washington Township, New Jersey, United States

Category Company
Founded 1911
Sector Financial Services
Employees189
Revenue 154M USD (2019)
DESCRIPTION

Oritani Financial is a provider of financial services in the US through its retail and commercial banks. Oritani Financial was founded in 1911 and is based in Washington Township, New Jersey.


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: New Jersey M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2007 M&A 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-19 Greater Community Bancorp.

Totowa, New Jersey, United States

Greater Community Bancorp is a financial holding company. Greater Community operates 15 full-service branches in the northern New Jersey counties of Bergen, Passaic and Morris through its state-chartered commercial bank subsidiary Greater Community Bank.

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