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  6. Pathward Financial Acquires Crestmark Bancorp

M&A Deal Summary

Pathward Financial Acquires Crestmark Bancorp

On January 9, 2018, Pathward Financial acquired financial services company Crestmark Bancorp

Acquisition Highlights
  • This is Pathward Financial’s 2nd transaction in the Financial Services sector.
  • This is Pathward Financial’s 5th transaction in the United States.
  • This is Pathward Financial’s 1st transaction in Michigan.

M&A Deal Summary
Date 2018-01-09
Target Crestmark Bancorp
Sector Financial Services
Buyer(s) Pathward Financial
Deal Type Add-on Acquisition
Advisor(s) Sandler O'Neill + Partners (Financial)
Dickinson Wright (Legal)

Target

Crestmark Bancorp

Troy, Michigan, United States
Crestmark Bancorp, Inc. is a provider of working capital loan solutions, line of credit solutions, equipment leasing, equipment financing and financial services to businesses in a wide range of industries. Crestmark Bancorp was founded in 1995 and is based in Troy, Michigan.

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Buyer(S) 1

Buyer

Pathward Financial

Sioux Falls, South Dakota, United States
Category Company
Founded 1954
Sector Financial Services
Employees1,155
Revenue 605M USD (2024)
DESCRIPTION

Pathward Financial is a provider of financial products and services for commercial, agricultural, and retail customers. Pathward Financial was founded in 1954 and is based in Sioux Falls, South Dakota.

DEAL STATS #
Overall 5 of 5
Sector: Financial Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 4 of 4
State: Michigan M&A 1 of 1
Country: United States M&A 5 of 5
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-10 Specialty Consumer Services

Texas, United States

Specialty Consumer Services LP is a provider of technology, underwriting and consulting services to national tax return preparation companies and the pioneer for no fee refund advance products.

Buy $15M
Mergr

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