M&A Deal Summary

Pacific Continental Acquires Foundation Bancorp

On April 26, 2016, Pacific Continental acquired financial services company Foundation Bancorp for 67M USD

Acquisition Highlights
  • This is Pacific Continental’s 3rd transaction in the Financial Services sector.
  • This is Pacific Continental’s largest (disclosed) transaction.
  • This is Pacific Continental’s 3rd transaction in the United States.
  • This is Pacific Continental’s 1st transaction in Ohio.

M&A Deal Summary

Date 2016-04-26
Target Foundation Bancorp
Sector Financial Services
Buyer(s) Pacific Continental
Deal Type Add-on Acquisition
Deal Value 67M USD
Advisor(s) Keefe, Bruyette, & Woods, Inc. (Financial)
Sidley (Legal)

Target

Foundation Bancorp

Cincinnati, Ohio, United States
Foundation Bancorp, Inc. is a bank holding company based in Bellevue, Washington, that operates Foundation Bank, a locally owned, full service, state chartered commercial bank. Foundation Bank has been serving the greater Puget Sound region since 2000. Since its founding, Foundation has built its reputation on high-touch relationship banking serving the greater Puget Sound region. Company had $422.4 million in total assets, $299.3 million in gross loans and $367.5 million in total deposits as of March 31, 2016.

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Buyer(S) 1

Buyer

Pacific Continental

Eugene, Oregon, United States

Category Company
Founded 1972
Sector Financial Services
Employees322
Revenue 81M USD (2015)
DESCRIPTION

Pacific Continental Corp. is a provider of financial services in US. Pacific Continental Corporation operates as a holding company of Pacific Continental Bank.


DEAL STATS #
Overall 3 of 3
Sector (Financial Services) 3 of 3
Type (Add-on Acquisition) 3 of 3
State (Ohio) 1 of 1
Country (United States) 3 of 3
Year (2016) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-06 Capital Pacific Bancorp

Portland, Oregon, United States

Capital Pacific Bancorp is a provider of financial services in US.

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