M&A Deal Summary |
|
|---|---|
| Date | 2010-12-01 |
| Target | Smithtown Bancorp |
| Sector | Financial Services |
| Buyer(s) | People s United Bank |
| Deal Type | Add-on Acquisition |
| Deal Value | 56M USD |
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| Category | Company |
|---|---|
| Founded | 1842 |
| Sector | Financial Services |
| Employees | 6,110 |
| Revenue | 1.8B USD (2019) |
People's United Bank is a diversified financial services company with $33 billion in assets. People’s United Bank is a premier, community-based, regional bank in the Northeast offering commercial and retail banking, as well as wealth management services through a network of over 400 retail locations in Connecticut, New York, Massachusetts, Vermont, New Hampshire, and Maine. People's United Bank was founded in 1842 and is based in Bridgeport, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 13 |
| Sector (Financial Services) | 5 of 12 |
| Type (Add-on Acquisition) | 5 of 12 |
| State (Connecticut) | 2 of 4 |
| Country (United States) | 5 of 13 |
| Year (2010) | 3 of 3 |
| Size (of disclosed) | 9 of 10 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-12-01 |
LSB
North Andover, Massachusetts, United States LSB Corp., a financial service company. |
Buy | $95M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-07-01 |
Danvers Bancorp
Danvers, Massachusetts, United States Danvers Bancorp, Inc., provides various financial products and services. |
Buy | $215M |
