14 Acquisitions of Companies in the Banking Industry

January 15, 2023
Acquisitions Hub

Company acquisitions in the Banking industry always make headlines! Especially since related startups and technology companies have become very popular with private equity firms, strategic buyers and even family offices.

In this blog post, we are taking a closer look at 14 acquisitions that took place in the Banking industry.

Alpha Bank Albania acquired by OTP Bank

Details about the transaction:

Acquisition amount:

$56,212,504

Announcement:

21 July 2022

Details about the company:

In Albania, banking services are offered by Alpha Bank Albania.

Headquarter:

Tirana, Tirane, Albania

Where to find them:

Industry:

Banking

Details about the buyer:

The OTP Bank Plc. provides services for commercial banking. The Bank conducts business in Serbia, Croatia, Hungary, Bulgaria, Slovakia, and Romania.

Headquarter:

Budapest, Budapest, Hungary

Where to find them:

Arden Partners acquired by The Ince Group

Details about the transaction:

Acquisition amount:

$13,765,515

Announcement:

26 October 2021

Details about the company:

A variety of services are offered to corporate customers and stakeholders by the corporate advisors and multi-service stockbroker Arden.

Headquarter:

London, England, United Kingdom

Where to find them:

Industry:

Banking, Finance, Financial Services

Details about the buyer:

In addition to providing customers with legal services, Ince Group Plc also offers accounting, financial services, consultancy, and pensions advice.

Headquarter:

London, England, United Kingdom

Where to find them:

Bucks County Bank acquired by First Bank

Details about the transaction:

Acquisition amount:

$27,000,000

Announcement:

29 March 2017

Details about the company:

State-chartered banks include Bucks County Bank.

Headquarter:

Doylestown, Pennsylvania, United States

Where to find them:

Industry:

Banking, Financial Services

Details about the buyer:

Personal and commercial banking are provided by First Bank.

Headquarter:

Robbinsville, New Jersey, United States

Where to find them:

Abaca acquired by Safe Harbor Financial

Details about the transaction:

Acquisition amount:

$30,000,000

Announcement:

31 October 2022

Details about the company:

The U.S. cannabis sector can use Abaca's banking, payment processing, lending, and treasury management services.

Headquarter:

North Little Rock, Arkansas, United States

Where to find them:

Industry:

Banking, Cannabis, Financial Services, FinTech

Details about the buyer:

Companies in the cannabis business can use the financial services offered by Safe Harbor Financial.

Headquarter:

Arvada, Colorado, United States

Where to find them:

Panmure Gordon acquired by Atlas Merchant Capital

Details about the transaction:

Acquisition amount:

$19,000,000

Announcement:

17 March 2017

Details about the company:

For decades, Panmure Gordon & Co. has helped firms get the funding they need to expand.

Headquarter:

London, England, United Kingdom

Where to find them:

Industry:

Banking, Consulting, Legal, Venture Capital

Details about the buyer:

Bob Diamond, a veteran of the global financial industry with more than 30 years of expertise, launched Atlas Merchant Capital LLC ("Atlas") in 2013.

Headquarter:

New York, New York, United States

Where to find them:

Rewire acquired by Remitly

Details about the transaction:

Acquisition amount:

$80,000,000

Announcement:

16 August 2022

Details about the company:

Rewire is a fintech firm that creates international internet banking cross-platform solutions for migrants.

Headquarter:

Tel Aviv, Tel Aviv, Israel

Where to find them:

Industry:

Banking, Financial Services, FinTech, Payments

Details about the buyer:

Remitly is a mobile payments platform that enables users to send money internationally from one person to another.

Headquarter:

Seattle, Washington, United States

Where to find them:

Freedom Bank acquired by Landmark National Bank

Details about the transaction:

Acquisition amount:

$33,350,000

Announcement:

29 June 2022

Details about the company:

A bank that offers banking and financial services is called Freedom Bank.

Headquarter:

Overland Park, Kansas, United States

Where to find them:

Industry:

Banking, Finance, Financial Services

Details about the buyer:

A bank holding company called Landmark National Bank was established under Delaware state law.

Headquarter:

Manhattan, Kansas, United States

Where to find them:

Transact Europe acquired by GreenBox POS

Details about the transaction:

Acquisition amount:

$28,000,000

Announcement:

6 April 2022

Details about the company:

The electronic money organization Transact Europe EAD (TEU), with its headquarters in Sofia, Bulgaria, is governed by the EU.

Headquarter:

Sofia, Grad Sofiya, Bulgaria

Where to find them:

Industry:

Banking, Financial Services, Payments

Details about the buyer:

A fully integrated, safe, Blockchain-based POS solution is GreenBox POS.

Headquarter:

San Diego, California, United States

Where to find them:

von der Heydt acquired by Bitcoin Group SE

Details about the transaction:

Acquisition amount:

$14,892,793

Announcement:

14 December 2022

Details about the company:

Blockchain technology is used by Von der Heydt, a digital bank that offers safe custody of cryptocurrency, payment transactions, and tokenization.

Headquarter:

Munich, Bayern, Germany

Where to find them:

Industry:

Banking, Commercial Lending, Cryptocurrency, Financial Services

Details about the buyer:

A holding company with an emphasis on cutting-edge and disruptive business concepts and technology is Bitcoin Group SE.

Headquarter:

Herford, Nordrhein-Westfalen, Germany

Where to find them:

Cheaha Bank acquired by Investar Bank

Details about the transaction:

Acquisition amount:

$41,100,000

Announcement:

20 December 2019

Details about the company:

A neighborhood community bank is Cheaha Bank.

Headquarter:

Oxford, Alabama, United States

Where to find them:

Industry:

Banking, Financial Services

Details about the buyer:

Full-service community bank Investar Bank provides a wide range of banking products and services for private customers.

Headquarter:

Baton Rouge, Louisiana, United States

Where to find them:

Chesapeake Bank of Maryland acquired by Rosedale Federal Savings & Loan Association

Details about the transaction:

Acquisition amount:

$64,400,000

Announcement:

28 January 2022

Details about the company:

New Eastern Avenue Permanent Savings and Loan Association served as the precursor of Chesapeake Bank of Maryland's founding in 1913.

Headquarter:

Baltimore, Maryland, United States

Where to find them:

Industry:

Banking, Financial Services

Details about the buyer:

Locally owned and operated Rosedale Federal Savings & Lending Association is a cooperative savings and loan organization.

Headquarter:

Baltimore, Maryland, United States

Where to find them:

Golden Pacific Bancorp acquired by SoFi

Details about the transaction:

Acquisition amount:

$22,300,000

Announcement:

9 March 2021

Details about the company:

The holding company for Golden Pacific Bank Company is called Golden Pacific Bancorp.

Headquarter:

Sacramento, California, United States

Where to find them:

Industry:

Banking, Credit, Financial Services

Details about the buyer:

A financial institution called SoFi provides a variety of loan and wealth management services.

Headquarter:

San Francisco, California, United States

Where to find them:

Pilot Bank acquired by Lake Michigan Credit Union

Details about the transaction:

Acquisition amount:

$96,000,000

Announcement:

16 June 2021

Details about the company:

A full-service bank, Pilot Bank provides financial products and services to people, businesses, and organizations.

Headquarter:

Tampa, Florida, United States

Where to find them:

Industry:

Banking, Commercial, Finance, Financial Services, Retail

Details about the buyer:

A state-chartered credit union that offers banking and financial services is called Lake Michigan Credit Union.

Headquarter:

Grand Rapids, Michigan, United States

Where to find them:

Alchemy acquired by Business Warrior

Details about the transaction:

Acquisition amount:

$8,750,000

Announcement:

9 June 2022

Details about the company:

Alchemy offers banking and financial services and is a fintech infrastructure provider.

Headquarter:

American Fork, Utah, United States

Where to find them:

Industry:

Banking, Financial Services, FinTech

Details about the buyer:

By offering software solutions, Business Warrior assists small firms in increasing productivity and developing business strategies.

Headquarter:

Cheyenne, Wyoming, United States

Where to find them: