M&A Deal Summary

Truist Acquires The Bank of Kentucky Financial

On June 22, 2015, Truist acquired financial services company The Bank of Kentucky Financial

Acquisition Highlights
  • This is Truist’s 39th transaction in the Financial Services sector.
  • This is Truist’s 43rd transaction in the United States.
  • This is Truist’s 3rd transaction in Kentucky.

M&A Deal Summary

Date 2015-06-22
Target The Bank of Kentucky Financial
Sector Financial Services
Buyer(s) Truist
Deal Type Add-on Acquisition

Target

The Bank of Kentucky Financial

Crestview Hills, Kentucky, United States
The Bank of Kentucky Financial Corp. is a provider of financial services.

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Buyer(S) 1

Buyer

Truist

Charlotte, North Carolina, United States

Category Company
Founded 1872
Sector Financial Services
Employees49,218
Revenue 23.4B USD (2023)
DESCRIPTION
BB&T's corporate headquarters in Winston-Salem, North Carolina.
BB&T's corporate headquarters in Winston-Salem, North Carolina.

Truist is a financial services company. The company offers a wide range of services including retail, small business and commercial banking; asset management; capital markets; commercial real estate; corporate and institutional banking; insurance; mortgage; payments; specialized lending; and wealth management. Truist was founded in 1872 and is headquartered in Charlotte, North Carolina.


DEAL STATS #
Overall 43 of 50
Sector (Financial Services) 39 of 42
Type (Add-on Acquisition) 42 of 45
State (Kentucky) 3 of 3
Country (United States) 43 of 50
Year (2015) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-13 Susquehanna Bancshares

Lititz, Pennsylvania, United States

Susquehanna Bancshares, Inc. is a financial services holding company. Susquehanna provides financial services through its subsidiaries at more than 230 branch locations in the mid-Atlantic region. In addition to its three commercial banks, through Susquehanna Wealth Management, Susquehanna offers investment, fiduciary, brokerage, insurance, retirement planning, and private banking services. Susquehanna also operates an insurance and employee benefits company, a commercial finance company, and a vehicle leasing company.

Buy $2.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-17 National Penn Bancshares

Allentown, Pennsylvania, United States

National Penn Bancshares, Inc. is a bank holding company. National Penn has 124 community banking offices provides financial services.

Buy $1.8B