M&A Deal Summary

TrustCo Bank Acquires Home & City Savings Bank

On September 30, 1991, TrustCo Bank acquired financial services company Home & City Savings Bank for 73M USD

Acquisition Highlights
  • This is TrustCo Bank’s 1st transaction in the Financial Services sector.
  • This is TrustCo Bank’s largest (disclosed) transaction.
  • This is TrustCo Bank’s 1st transaction in the United States.

M&A Deal Summary
Date 1991-09-30
Target Home & City Savings Bank
Sector Financial Services
Buyer(s) TrustCo Bank
Deal Type Add-on Acquisition
Deal Value 73M USD
Advisor(s) Sandler O'Neill + Partners LP (Financial)
Skadden, Arps, Slate, Meagher & Flom (Legal)

Target

Home & City Savings Bank

United States
Home & City Savings Bank is a provider of various banking services for commercial and individuals.

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Buyer(S) 1

Buyer

TrustCo Bank

Glenville, New York, United States
Category Company
Founded 1902
Sector Financial Services
Employees778
Revenue 282M USD (2023)
DESCRIPTION

TrustCo Bank is a provider of financial services through its subsidiary Trustco Bank is an operates 143 offices in New York, New Jersey, Vermont, Massachusetts, and Florida. TrustCo Bank was founded in 1902 and is based in Glenville, New York.

DEAL STATS #
Overall 1 of 2
Sector (Financial Services) 1 of 2
Type (Add-on Acquisition) 1 of 2
Country (United States) 1 of 2
Year (1991) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-07-28 Landmark Financial

Indianapolis, Indiana, United States

Landmark Financial Corporation operates as a holding company for, F.S.B., Landmark Savings Bank, and Landmark Mortgage Company.

Buy $3M
Mergr

Product

Company

Legal