Explore All 709 Divestiture Financial Services Deals - Search the Database Free
M&A Deal Summary |
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|---|---|
| Date | December 27, 2002 |
| Target | Textron Financial - The Media Finance Division |
| Sector | Financial Services |
| Buyer(s) | Wells Fargo |
| Sellers(s) | Textron Financial |
| Deal Type | Divestiture |
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| Category | Company |
|---|---|
| Founded | 1852 |
| Sector | Financial Services |
| Employees | 222,544 |
| Revenue | 82.3B USD (2024) |
Wells Fargo is a diversified financial services company that provides retail, commercial and corporate banking services through banking stores and offices, the internet and other distribution channels to individuals, businesses and institutions in all 50 US states, the District of Columbia and in other countries. The company provides other financial services through subsidiaries engaged in various businesses, principally: wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, securities brokerage and investment banking, insurance agency and brokerage services, computer and data processing services, trust services, investment advisory services, mortgage-backed securities servicing and venture capital investment. Wells Fargo was formed in 1852 and is based in San Francisco, California.
| Deal Context for Buyer | # |
|---|---|
| Overall | 10 of 23 |
| Sector: Financial Services | 9 of 17 |
| Type: Divestiture | 3 of 7 |
| Country: United States | 10 of 23 |
| Year: 2002 | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2001-03-23 |
H.D. Vest
Irving, Texas, United States H.D. Vest, Inc. (dba H.D. Vest Financial Services) is an independent broker/dealer providing tax professionals with the products, training, and support to deliver independent financial solutions to retail investors. |
Buy | $128M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-07-31 |
First Community Capital
Houston, Texas, United States First Community Capital Corp., a financial service company. |
Buy | $124M |
| Category | Company |
|---|---|
| Sector | Financial Services |
Textron Financial Corp. is a provider of innovative financing solutions for Textron customers throughout the world. Company single mission is to support those customers by providing financing options specific to the needs of each individual transaction. Company team draws on first-hand experience that was created by developing financing solutions for customers in over 80 countries.
| Deal Context for Seller | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Financial Services | 1 of 1 |
| Type: Divestiture | 1 of 1 |
| Country: United States | 1 of 1 |
| Year: 2002 | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2001-06-05 |
STI Credit
Atlanta, Georgia, United States STI Credit Corp. (SunTrust Credit) is a national provider of commercial finance services to the small business market. SunTrust Credit has approximately $400 million in receivables. |
Buy | - |
