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  6. Santander Holdings USA Acquires Independence Community Bank

M&A Deal Summary

Santander Holdings USA Acquires Independence Community Bank

On June 1, 2006, Santander Holdings USA acquired financial services company Independence Community Bank

Acquisition Highlights
  • This is Santander Holdings USA’s 1st transaction in the Financial Services sector.
  • This is Santander Holdings USA’s 1st transaction in the United States.
  • This is Santander Holdings USA’s 1st transaction in New York.

M&A Deal Summary
Date 2006-06-01
Target Independence Community Bank
Sector Financial Services
Buyer(s) Santander Holdings USA
Deal Type Add-on Acquisition

Target

Independence Community Bank

Brooklyn, New York, United States
Independence Community Bank Corporation is a provider of community banking services.

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Buyer(S) 1

Buyer

Santander Holdings USA

Boston,, Massachusetts, United States
Category Company
Founded 1984
Sector Financial Services
Employees14,000
DESCRIPTION

Santander Holdings USA, Inc. operates as the holding company for Santander Bank, National Association that provides various banking services and products for commercial and individuals.

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: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2006 M&A 1 of 1
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