M&A Deal Summary

Vectra Bank Colorado Acquires Minnequa Bancorp

On November 9, 2001, Vectra Bank Colorado acquired financial services company Minnequa Bancorp for 44M USD

Acquisition Highlights
  • This is Vectra Bank Colorado’s 6th transaction in the Financial Services sector.
  • This is Vectra Bank Colorado’s largest (disclosed) transaction.
  • This is Vectra Bank Colorado’s 6th transaction in the United States.
  • This is Vectra Bank Colorado’s 5th transaction in Colorado.

M&A Deal Summary
Date 2001-11-09
Target Minnequa Bancorp
Sector Financial Services
Buyer(s) Vectra Bank Colorado
Deal Type Add-on Acquisition
Deal Value 44M USD
Advisor(s) KeyBanc Capital Markets (Financial)
Kwitek McMillan (Legal)

Target

Minnequa Bancorp

Pueblo, Colorado, United States
The Minnequa Bank of Pueblo, a commercial bank. Minnequa is supervised by the Board of Governors of the Federal Reserve System.

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Buyer(S) 1

Buyer

Vectra Bank Colorado

Denver, Colorado, United States
Category Company
Founded 1905
Sector Financial Services
DESCRIPTION

Vectra provides comprehensive banking and financial services,At Vectra Bank, we practice “proactive relationship banking.” Which means we get to know our clients well, and we use that knowledge to vigorously discover opportunities to grow their business.

DEAL STATS #
Overall 6 of 6
Sector (Financial Services) 6 of 6
Type (Add-on Acquisition) 6 of 6
State (Colorado) 5 of 5
Country (United States) 6 of 6
Year (2001) 1 of 1
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-12-01 Citizens Banco

Westminster, Colorado, United States

Citizens Banco, Inc.a bank holding company based in Westminster, Colorado,which provides banking services.

Buy $12M
Mergr

Product

Company

Legal