Add-on Acquisition • Financial Services

Third Federal Acquires PenFed Bancorp

On December 29, 2000, Third Federal acquired financial services company PenFed Bancorp

Acquisition Context

This is Third Federal’s 1st transaction in the Financial Services sector.
This is Third Federal’s 1st transaction in the United States.
This is Third Federal’s 1st transaction in Kentucky.

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M&A Deal Summary
Date	December 29, 2000
Target	PenFed Bancorp
Sector	Financial Services
Buyer(s)	Third Federal
Deal Type	Add-on Acquisition

Target Company

PenFed Bancorp

Falmouth, Kentucky, United States

PenFed Bancorp, Inc. operates as the holding company for Pendleton Federal Savings Bank,which provides various banking services for commercial and individuals.

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Buyer Overview 1

Buyer

Third Federal

Cleveland, Ohio, United States

Category	Company
Founded	1938
Sector	Financial Services
Employees	919
Revenue	303M USD (2024)

DESCRIPTION

Third Federal is a holding company for Third Federal Savings and Loan Association. TFS Financial Corp, provides residential real estate mortgage loans and retail savings deposits. Third Federal was founded in 1938 and is based in Cleveland, Ohio.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Financial Services	1 of 1
Type: Add-on Acquisition	1 of 1
State: Kentucky	1 of 1
Country: United States	1 of 1
Year: 2000	1 of 1

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