M&A Deal Summary

Sterling Bank Acquires Hudson Valley Holding

On November 5, 2014, Sterling Bank acquired financial services company Hudson Valley Holding for 539M USD

Acquisition Highlights
  • This is Sterling Bank’s 3rd transaction in the Financial Services sector.
  • This is Sterling Bank’s 2nd largest (disclosed) transaction.
  • This is Sterling Bank’s 3rd transaction in the United States.
  • This is Sterling Bank’s 3rd transaction in New York.

M&A Deal Summary
Date 2014-11-05
Target Hudson Valley Holding
Sector Financial Services
Buyer(s) Sterling Bank
Deal Type Merger
Deal Value 539M USD
Advisor(s) Keefe, Bruyette, & Woods, Inc. (Financial)
Day Pitney (Legal)

Target

Hudson Valley Holding

Yonkers, New York, United States
Hudson Valley Holding Corp. is the holding company for Hudson Valley Bank. Hudson Valley Bank is a commercial bank that offers many highly customized business banking products. Hudson Valley Holding Corp. was formed in 1972 and is headquartered in Yonkers, New York.

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Buyer(S) 1

Buyer

Sterling Bank

Pearl River, New York, United States
Category Company
Founded 1888
Sector Financial Services
Employees1,457
Revenue 990M USD (2020)
DESCRIPTION

Sterling Bank is a financial services firm that specializes in the delivery of service and solutions to business owners, their families, and consumers in communities within the greater New York City area through teams of dedicated and experienced relationship managers. Sterling Bank was founded in 1888 and is based in Pearl River, New York.

DEAL STATS #
Overall 3 of 5
Sector (Financial Services) 3 of 4
Type (Merger) 2 of 3
State (New York) 3 of 4
Country (United States) 3 of 5
Year (2014) 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-04 Sterling National Bank

Montebello, New York, United States

Sterling National Bank is a provider of personal & commercial banking solutions to communities and businesses throughout the New York Metro area and beyond.

Buy $344M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-08 First Capital Holdings - Factoring Portfolio

United States

First Capital Holdings Inc. factoring portfolio consists of working capital financing and credit facilities.

Buy -
Mergr

Product

Company

Legal