M&A Deal Summary |
|
|---|---|
| Date | 2014-09-16 |
| Target | Bank of America - 24 Michigan Branches |
| Sector | Financial Services |
| Buyer(s) | The Huntington National Bank |
| Sellers(s) | Bank of America |
| Deal Type | Divestiture |
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| Category | Company |
|---|---|
| Founded | 1866 |
| Sector | Financial Services |
The Huntington National Bank Inc. engages in the banking services. Company provides personal and business services to individuals and families, small and middle market businesses, and not-for-profit businesses.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 4 |
| Sector (Financial Services) | 3 of 3 |
| Type (Divestiture) | 2 of 2 |
| State (Michigan) | 1 of 1 |
| Country (United States) | 3 of 4 |
| Year (2014) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-04-09 |
11 branches Central & East Michigan - Bank of America
United States 11 branches in Central and East Michigan will increase the bank’s Michigan branch total to 173 statewide including 80 locations in the bank’s East Michigan region. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-05-12 |
Torana
Danville, California, United States Torana is a business-to-consumer payments fintech company that provides business-to-consumer payment solutions. Torana is based in Danville, California. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1784 |
| Sector | Financial Services |
| Employees | 212,000 |
| Revenue | 98.6B USD (2023) |
Bank of America is a financial services institution serving individual consumers, small- and middle-market businesses, institutional investors, large corporations and governments with a full range of banking, investing, asset management and other financial and risk management products and services. Bank of America was incorporated in 1784 and is headquartered in Charlotte, North Carolina.
| DEAL STATS | # |
|---|---|
| Overall | 14 of 16 |
| Sector (Financial Services) | 13 of 15 |
| Type (Divestiture) | 14 of 16 |
| State (Michigan) | 2 of 2 |
| Country (United States) | 13 of 14 |
| Year (2014) | 4 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-05-14 |
13 Michigan branches - Bank of America
Michigan, United States The 13-branch purchase is for 11 locations in the Monroe and Flint markets and two locations in Holland and Muskegon. In terms of overlap, only the Holland and Muskegon branches and one Monroe branch overlap within two miles of Huntington’s existing branch network. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-12-20 |
MBNA
Chester, United Kingdom MBNA is a UK credit card business with a high quality customer base founded upon sound underwriting principles and credit management, which aligns well with the Group’s strategy to deliver sustainable growth through a multi-brand strategy. The MBNA brand will be maintained as a challenger brand further enhancing our customer offering. MBNA’s diversified distribution model, along with its data analytics capability, digital strength and well-recognised brand, will be complementary to the Group’s existing capabilities and provides further opportunities for growth and delivering excellent customer service. |
Sell | - |
