Announced
Financials
Tags
Single Bidder
Pending
Friendly
banking
Acquisition
Majority
United States
Public
community bank
Banks
Domestic
Private Equity
Synopsis
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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