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  6. United Community Financial Acquires Industrial Bancorp

M&A Deal Summary

United Community Financial Acquires Industrial Bancorp

On July 1, 2001, United Community Financial acquired financial services company Industrial Bancorp for 92M USD

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

M&A Deal Summary
Date 2001-07-01
Target Industrial Bancorp
Sector Financial Services
Buyer(s) United Community Financial
Deal Type Add-on Acquisition
Deal Value 92M USD
Advisor(s) KeyBanc Capital Markets (Financial)
Vorys, Sater, Seymour and Pease (Legal)

Target

Industrial Bancorp

Bellevue, Ohio, United States
Industrial Bancorp, Inc. is a provider of financial services.

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Buyer(S) 1

Buyer

United Community Financial

Youngstown, Ohio, United States
Category Company
Founded 1889
Sector Financial Services
Employees504
Revenue 118M USD (2019)
DESCRIPTION

United Community Financial is a provider of financial services. United Community Financial was founded in 1889 and is based in Youngstown, Ohio.

DEAL STATS #
Overall 1 of 4
Sector: Financial Services M&A 1 of 3
Type: Add-on Acquisition M&A Deals 1 of 4
State: Ohio M&A 1 of 4
Country: United States M&A 1 of 4
Year: 2001 M&A 1 of 1
Size (of disclosed) 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-04-01 Potters Financial

East Liverpool, Ohio, United States

Potters Financial Corp. is a provider of financial services.

Buy $23M
Mergr

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