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  6. Provident Financial Services Acquires Team Capital Bank

M&A Deal Summary

Provident Financial Services Acquires Team Capital Bank

On December 20, 2013, Provident Financial Services acquired financial services company Team Capital Bank for 118M USD

Acquisition Highlights
  • This is Provident Financial Services’ 1st transaction in the Financial Services sector.
  • This is Provident Financial Services’ largest (disclosed) transaction.
  • This is Provident Financial Services’ 1st transaction in the United States.
  • This is Provident Financial Services’ 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2013-12-20
Target Team Capital Bank
Sector Financial Services
Buyer(s) Provident Financial Services
Deal Type Add-on Acquisition
Deal Value 118M USD

Target

Team Capital Bank

Bethlehem, Pennsylvania, United States
Team Capital Bank is a privately held bank. Team Capital has two branches in Allentown, one in Bethlehem, one each in Doylestown and Newtown, Bucks County, and seven in New Jersey.

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Buyer(S) 1

Buyer

Provident Financial Services

Jersey City, New Jersey, United States
Category Company
Founded 1839
Sector Financial Services
Employees1,753
Revenue 695M USD (2024)
DESCRIPTION

Provident Financial Services is a financial services company. Provident Financial Services was founded in 1839 and is based in Jersey City, New Jersey.

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: Pennsylvania M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2013 M&A 1 of 1
Size (of disclosed) 1 of 1
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