M&A Deal Summary

Provident Bancorp Acquires Warwick Community Bancorp

On October 1, 2004, Provident Bancorp acquired financial services company Warwick Community Bancorp for 154M USD

Acquisition Highlights
  • This is Provident Bancorp’s 3rd transaction in the Financial Services sector.
  • This is Provident Bancorp’s largest (disclosed) transaction.
  • This is Provident Bancorp’s 3rd transaction in the United States.
  • This is Provident Bancorp’s 1st transaction in New York.

M&A Deal Summary

Date 2004-10-01
Target Warwick Community Bancorp
Sector Financial Services
Buyer(s) Provident Bancorp
Deal Type Add-on Acquisition
Deal Value 154M USD
Advisor(s) Sandler O'Neill + Partners (Financial)
Wachtell, Lipton, Rosen & Katz (Legal)

Target

Warwick Community Bancorp

Warwick, New York, United States
Warwick Community Bancorp, Inc. is a financial service company.

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Buyer(S) 1

Buyer

Provident Bancorp

Amesbury, Massachusetts, United States

Category Company
Sector Financial Services
DESCRIPTION

Provident Bancorp, Inc. is a financial services company.


DEAL STATS #
Overall 3 of 3
Sector (Financial Services) 3 of 3
Type (Add-on Acquisition) 3 of 3
State (New York) 1 of 1
Country (United States) 3 of 3
Year (2004) 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-14 E.N.B. Holding Company

United States

E.N.B. Holding Company, Inc. is a provider of full range of financial services.

Buy $74M