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New Deal


Announced

Completed

Providence Bank & Trust completed the merger with The Leaders Bank.

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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Banks

United States

Private

Domestic

Single Bidder

Friendly

Majority

Acquisition

banking services

Merger

Completed

Synopsis

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Providence Bank & Trust, a banking services provider, completed the merger with The Leaders Bank, a local community bank. Financial terms were not disclosed. “Our investment in Leaders Bank reflects our ongoing commitment to providing personalized banking services and products at the community level. We’re confident that customers will have a positive banking experience, as we carry on the high level of service that they have grown accustomed to," Steve Van Drunen, Providence Bank President and CEO.

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