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  6. Preferred Bank Acquires United International Bank

M&A Deal Summary

Preferred Bank Acquires United International Bank

On July 20, 2015, Preferred Bank acquired financial services company United International Bank

Acquisition Highlights
  • This is Preferred Bank’s 1st transaction in the Financial Services sector.
  • This is Preferred Bank’s 1st transaction in the United States.
  • This is Preferred Bank’s 1st transaction in New York.

M&A Deal Summary
Date 2015-07-20
Target United International Bank
Sector Financial Services
Buyer(s) Preferred Bank
Deal Type Add-on Acquisition
Advisor(s) Schiff Hardin LLP (Legal)

Target

United International Bank

Flushing, New York, United States
United International Bank LLC is a provider fo of deposit and loan products and services to both commercial and consumer customers with a focus on local business owners.

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Buyer(S) 1

Buyer

Preferred Bank

Los Angeles, California, United States
Category Company
Founded 1991
Sector Financial Services
Employees323
Revenue 284M USD (2024)
DESCRIPTION

Preferred Bank is a provider of financial services. Preferred Bank was founded in 1991 and is based in Los Angeles, California.

DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2015 M&A 1 of 1
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