M&A Deal Summary

United Roosevelt Savings Bank Acquires Wawel Bank

On August 29, 2016, United Roosevelt Savings Bank acquired financial services company Wawel Bank for 4M USD

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

M&A Deal Summary
Date 2016-08-29
Target Wawel Bank
Sector Financial Services
Buyer(s) United Roosevelt Savings Bank
Deal Type Add-on Acquisition
Deal Value 4M USD
Advisor(s) Sandler O'Neill + Partners LP (Financial)
Windels Marx Lane & Mittendorf (Legal)

Target

Wawel Bank

Garfield, New Jersey, United States
website
Wawel Bank is a provider of products and services including personal banking, mobile banking, on-line banking, mortgages, home equity loans and lines of credit, as well as commercial mortgages for multi-family/mixed-use properties.

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Buyer(S) 1

Buyer

United Roosevelt Savings Bank

Carteret, New Jersey, United States

website

Category Company
Sector Financial Services
DESCRIPTION

United Roosevelt Savings Bank is a provider of personal and commercial banking needs of customers throughout the Middlesex County area. The bank’s suite of products and services includes personal banking, mobile banking, mortgages, home equity loans and lines of credit, as well as commercial mortgages for multi-family/mixed-use properties

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal