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  6. Third Federal Acquires PenFed Bancorp

M&A Deal Summary

Third Federal Acquires PenFed Bancorp

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2000-12-29
Target PenFed Bancorp
Sector Financial Services
Buyer(s) Third Federal
Deal Type Add-on Acquisition

Target

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(S) 1

Buyer

Third Federal

Cleveland, Ohio, United States
Category Company
Founded 1938
Sector Financial Services
Employees919
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 STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Kentucky M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2000 M&A 1 of 1
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