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Investment Summary

Patriot Financial Partners Invests In Bank of California

On December 4, 2013, private equity firm Patriot Financial Partners invested in financial services company Bank of California

Investment Highlights
  • This is Patriot Financial Partners’ 18th transaction in the Financial Services sector.
  • This is Patriot Financial Partners’ 19th transaction in the United States.
  • This is Patriot Financial Partners’ 4th transaction in California.

Investment Summary
Date 2013-12-04
Target Bank of California
Sector Financial Services
Investor(s) Patriot Financial Partners
Deal Type PIPE
Advisor(s) Wachtell, Lipton, Rosen & Katz (Legal)

Target

Bank of California

Santa Ana, California, United States
Bank of California is a provider of banking services and home loans to businesses and families in California and the Western US. Banc of California provides deposit products, including checking, savings, money market, retirement, and interest and noninterest-bearing demand accounts, as well as certificates of deposit. Banc of California was founded in 1941 and is based in Santa Ana, California.

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Investor(S) 1

Investor

Patriot Financial Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
PE ASSETS 1.3B USD
Size Large
Type Sector Focused
DESCRIPTION

Patriot Financial Partners is a private equity firm focused on acquiring and investing in community based banks, thrifts, and other related financial services companies throughout the US. Patriot is a hands-on investor and seeks businesses with assets between $500 million and $5 billion. Patriot Financial Partners was established in 2007 and is headquartered in Radnor, Pennsylvania.

DEAL STATS #
Overall 19 of 32
Sector: Financial Services M&A 18 of 31
Type: PIPE M&A Deals 14 of 15
State: California M&A 4 of 5
Country: United States M&A 19 of 32
Year: 2013 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-01 Beneficial Bancorp

Philadelphia, Pennsylvania, United States

Beneficial Bancorp, Inc. ("Beneficial" or the "Company") is a mutual holding company and the wholly owned subsidiary of Beneficial Bank, a $4.43 billion Pennsylvania chartered savings bank originally founded in 1853. The Company operates 35 full-service banking offices in Chester, Delaware, Montgomery, Philadelphia, and Bucks Counties, Pennsylvania and 25 full-service banking offices in Burlington, Gloucester and Camden Counties, New Jersey. The Company is number nine in terms of deposit market share in the Philadelphia MSA and is number one among banks headquartered in the Philadelphia area.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-23 MBT Financial

Monroe, Michigan, United States

MBT Financial is an independently-owned community bank that offers a complete range of services to commercial and retail clients. MBT Financial was founded in 1858 and is based in Monroe, Michigan.

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Mergr

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