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M&A Deal Summary

S&T Bank Acquires DNB Financial

On June 5, 2019, S&T Bank acquired financial services company DNB Financial for 206M USD

Acquisition Highlights
  • This is S&T Bank’s 7th transaction in the Financial Services sector.
  • This is S&T Bank’s largest (disclosed) transaction.
  • This is S&T Bank’s 7th transaction in the United States.
  • This is S&T Bank’s 7th transaction in Pennsylvania.

M&A Deal Summary
Date 2019-06-05
Target DNB Financial
Sector Financial Services
Buyer(s) S&T Bank
Deal Type Merger
Deal Value 206M USD
Advisor(s) Stradley Ronon (Legal)

Target

DNB Financial

Downingtown, Pennsylvania, United States
DNB Financial Corp. is a bank holding company whose bank subsidiary, DNB First provides a broad array of consumer and business banking products, offers brokerage and insurance services through DNB Investments & Insurance and investment management services through DNB Investment Management & Trust. DNB Financial was founded in 1860 and is headquartered in Downingtown, Pennsylvania.

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Buyer(S) 1

Buyer

S&T Bank

Indiana, Pennsylvania, United States
Category Company
Founded 1902
Sector Financial Services
Employees1,206
Revenue 384M USD (2024)
DESCRIPTION

S&T Bank is a provider of financial services. S&T Bank was founded in 1902 and is based in Indiana, Pennsylvania.

DEAL STATS #
Overall 7 of 7
Sector: Financial Services M&A 7 of 7
Type: Merger M&A Deals 2 of 2
State: Pennsylvania M&A 7 of 7
Country: United States M&A 7 of 7
Year: 2019 M&A 1 of 1
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-28 Integrity Bank

Camp Hill, Pennsylvania, United States

Integrity Bank is a regional bank with branch offices in Cumberland, Dauphin, York and Lancaster counties. Integrity Bank is based in Camp Hill, Pennsylvania.

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