M&A Deal Summary

United Business Bank Acquires Uniti Financial

On December 10, 2018, United Business Bank acquired financial services company Uniti Financial for 64M USD

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

M&A Deal Summary
Date 2018-12-10
Target Uniti Financial
Sector Financial Services
Buyer(s) United Business Bank
Deal Type Merger
Deal Value 64M USD

Target

Uniti Financial

Buena Park, California, United States
website
Uniti Financial Corp. is the holding company of Uniti Bank, a community bank with three locations in Southern California. Uniti Financial Corp. was founded in 2001 and is based in Buena Park, California.

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Buyer(S) 1

Buyer

United Business Bank

Walnut Creek, California, United States

website

Category Company
Founded 2004
Sector Financial Services
Employees374
Revenue 106M USD (2022)
DESCRIPTION

United Business Bank through its subsidiary, United Business Bank, offers a full range of loans, including SBA, FSA and USDA guaranteed loans, and deposit products and services to businesses and its affiliates in California, Washington, and New Mexico. United Business Bank was founded in 2004 and is based in Walnut Creek, California.

DEAL STATS #
Overall 1 of 4
Sector (Financial Services) 1 of 4
Type (Merger) 1 of 4
State (California) 1 of 2
Country (United States) 1 of 4
Year (2018) 1 of 1
Size (of disclosed) 1 of 4
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-01 TIG Bancorp.

Durango, Colorado, United States

TIG Bancorp operates as a bank holding company for First State Bank of Colorado which offers banking services. TIG had approximately $229.0 million in assets, $146.2 million in loans, $198.4 million in deposits and $29.5 million in shareholder's equity.

Buy $39M
Mergr

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