M&A Deal Summary |
|
|---|---|
| Date | 2012-02-28 |
| Target | Citizens Financial Group - 56 Branches |
| Sector | Financial Services |
| Buyer(s) | People s United Bank |
| Sellers(s) | Citizens Financial Group |
| Deal Type | Divestiture |
| Deal Value | 3M 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 | 7 of 13 |
| Sector (Financial Services) | 7 of 12 |
| Type (Divestiture) | 1 of 1 |
| Country (United States) | 7 of 13 |
| Year (2012) | 1 of 1 |
| Size (of disclosed) | 10 of 10 |
| 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 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-06-27 |
Suffolk Bancorp.
Riverhead, New York, United States Suffolk Bancorp is a one-bank holding company that provides commercial banking and financial services through Suffolk County National Bank ("SCNB"), its wholly owned subsidiary. Founded in 1890, SCNB is headquartered in Riverhead, NY and serves the Long Island market, incorporating Long Island's East End, western Suffolk, and Nassau counties as well as Manhattan and the other Boroughs. SCNB is a nationally chartered commercial bank offering a full range of products and services including deposit accounts, commercial, multi-family and consumer lending, residential mortgages, cash management, and investment services. |
Buy | $402M |
| Category | Company |
|---|---|
| Founded | 1828 |
| Sector | Financial Services |
| Employees | 17,800 |
Citizens Financial Group, Inc. operates as the bank holding company for Citizens Bank, N.A. and Citizens Bank of Pennsylvania that provide banking products and services.
| DEAL STATS | # |
|---|---|
| Overall | 6 of 7 |
| Sector (Financial Services) | 5 of 6 |
| Type (Divestiture) | 6 of 7 |
| Country (United States) | 6 of 7 |
| Year (2012) | 2 of 2 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-02-28 |
Citizens Financial - 56 Branches
United States Fifty-two of the branches are situated in Stop & Shop supermarkets and four are traditional branches. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-01-07 |
Citizens Financial - 94 Charter One Branches & Other Assets
Chicago, Illinois, United States Citizens Financial - 94 Charter One Branches & Other Assets, includes 94 Charter One branches in the Chicago area, $5.3 billion in local deposits and $1.1 billion in locally originated loans for a deposit premium of approximately $315 million, or 6 percent of deposits. |
Sell | - |
