M&A Deal Summary

Peoples Bank Acquires Royal Bank

On July 29, 2021, Peoples Bank acquired financial services company Royal Bank

Acquisition Highlights
  • This is Peoples Bank’s 1st transaction in the Financial Services sector.
  • This is Peoples Bank’s 1st transaction in the United States.
  • This is Peoples Bank’s 1st transaction in Illinois.

M&A Deal Summary
Date 2021-07-29
Target Royal Bank
Sector Financial Services
Buyer(s) Peoples Bank
Deal Type Merger
Advisor(s) Howard & Howard Attorneys (Legal)

Target

Royal Bank

Chicago, Illinois, United States
Royal Bank is a provider of checking and savings products and a full line of home and commercial lending solutions. Royal Bank was formed in 1887 and is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

Peoples Bank

Munster, Indiana, United States
Category Company
Founded 1916
Sector Financial Services
Employees276
Revenue 65M USD (2023)
DESCRIPTION

Peoples Bank is a locally managed and independent financial holding company whose activities are primarily limited to holding the stock of Peoples Bank. It provides a wide range of personal and business financial services from its 22 locations in Lake and Porter Counties in Northwest Indiana and South Chicagoland. Peoples Bank was founded in 1916 and is based in Munster, Indiana.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Merger) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Mergr

Product

Company

Legal