M&A Deal Summary

R&T Deposit Solutions Acquires Total Bank Solutions

On March 28, 2022, R&T Deposit Solutions acquired financial services company Total Bank Solutions

Acquisition Highlights
  • This is R&T Deposit Solutions’ 1st transaction in the Financial Services sector.
  • This is R&T Deposit Solutions’ 1st transaction in the United States.
  • This is R&T Deposit Solutions’ 1st transaction in New Jersey.

M&A Deal Summary
Date 2022-03-28
Target Total Bank Solutions
Sector Financial Services
Buyer(s) R&T Deposit Solutions
Deal Type Add-on Acquisition
Advisor(s) Piper Sandler & Co. (Financial)
Debevoise & Plimpton (Legal)

Target

Total Bank Solutions

Hackensack, New Jersey, United States
Total Bank Solutions is a privately held financial technology firm serving the needs of banks and wealth management organizations. Total Bank Solutions' offerings include its FDIC Insured Deposit Program (IDP) and Loan Management System (LMS). Total Bank Solutions was founded in 2004 and is based in Hackensack, New Jersey.

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Buyer(S) 1

Buyer

R&T Deposit Solutions

New York, New York, United States
Category Company
Founded 1974
Sector Financial Services
DESCRIPTION

R&T Deposit Solutions provides deposit and liquidity solutions to financial intermediaries around the country. R&T offers a wide range of tech-enabled services to help banks, credit unions, broker-dealers, trust companies, and wealth managers meet their unique cash sweep, deposit funding, and securities-based lending needs. R&T Deposit Solutions was founded in 1974 and is headquartered in New York City.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Mergr

Product

Company

Legal