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New Deal


Announced

OceanFirst Financial completed the acquisition of Partners Bancorp for $186m.

Financials

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Transaction Value£135m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Single Bidder

Pending

Majority

bank holding company

Domestic

Banks

Friendly

United States

Acquisition

Synopsis

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OceanFirst Financial, a bank holding company, completed the acquisition of Partners Bancorp, a bank holding company, for $186m. “This partnership creates a powerful and innovative financial services provider better able to serve its clients and communities of today and tomorrow. The team at OceanFirst has built and maintains a high quality banking franchise, and there is no better team with which to unite to deliver community-style banking and to capitalize on the opportunities presented by an evolving industry," Lloyd B. Harrison, Partners CEO.

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