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New Deal


Announced

DLP Bancshares to acquire Sunnyside Bancorp for $12.3m.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Pending

Friendly

banking

Acquisition

Majority

United States

Public

community bank

Banks

Domestic

Private Equity

Synopsis

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DLP Bancshares, an affiliate of DLP Real Estate Capital, a private financial services and real estate investment firm, to acquire Sunnyside Bancorp, a federally-chartered stock savings and loan association, for $12.3m. "Acquiring a bank is a natural segue to broadening and enhancing the offering of products and services to our current and future DLP family of investors, partners, and customers. Sunnyside's focus on supporting the community with personal and business banking needs is a perfect fit with DLP's mission to create prosperity. I could not be more excited about this opportunity," Don Wenner, DLP Real Estate Capital Founder and CEO.

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