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  6. Salem Five Bancorp. Acquires Georgetown Bancorp

M&A Deal Summary

Salem Five Bancorp. Acquires Georgetown Bancorp

On October 6, 2016, Salem Five Bancorp. acquired financial services company Georgetown Bancorp

Acquisition Highlights
  • This is Salem Five Bancorp.’s 1st transaction in the Financial Services sector.
  • This is Salem Five Bancorp.’s 1st transaction in the United States.
  • This is Salem Five Bancorp.’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2016-10-06
Target Georgetown Bancorp
Sector Financial Services
Buyer(s) Salem Five Bancorp.
Deal Type Add-on Acquisition
Advisor(s) Keefe, Bruyette & Woods (Financial)
Luse Gorman (Legal)

Target

Georgetown Bancorp

Georgetown, Massachusetts, United States
Georgetown Bancorp, Inc. is a holding company for Georgetown Bank. Georgetown Bank, with branch offices in Georgetown, North Andover and Rowley, Massachusetts, as well as Stratham, New Hampshire, is committed to making a positive difference in the markets it serves. Georgetown Bank’s highest priority is to provide exceptional personal service, act with high ethical standards and in the best interest of its customers, employees, shareholders and business partners. Georgetown Bank strives to help each of its customers achieve their unique financial goals through a competitive array of financial products and services.

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Buyer(S) 1

Buyer

Salem Five Bancorp.

Salem, Massachusetts, United States
Category Company
Founded 1855
Sector Financial Services
DESCRIPTION

Salem Five Bancorp. is a parent company of Salem Five Bank a mutual institution founded in 1855 which designs and delivers sophisticated consumer and commercial banking products and services utilizing smart technology. Salem Five’s products and services are designed from its core belief that, with the right tools and expert service, it is possible to make money less complicated and thereby make customers’ lives simpler and easier. Among the first banks in the country to offer online banking, Salem Five continues to innovate, providing banking access wherever its customers need it: online, mobile, ATMs, offices, phone, email and more.

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: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1
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