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New Deal


Announced

Credit Union 1 Northside to acquire Community Bank from AliKat Investments.

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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online banking

United States

Domestic

Banks

Acquisition

banking

commercial mortgage lending

Single Bidder

Friendly

Pending

Majority

Private

Synopsis

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Credit Union 1, the official Credit Union of Notrhern Dame Athletics, agreed to acquire Northside Community Bank, a bank in the state of Illinois, from AliKat Investments, a bank holding company. Financial terms were not disclosed. “We chose to partner with Credit Union 1 because its culture, leadership and lending culture all align very closely with ours. With the size and scale Credit Union 1 adds it not only strengthens our ability to serve our existing customers in the manner that they have come to expect but also allows us to increase the number of businesses that we can help grow across the new combined partnership. We are excited to be a part of that promising future,” Patti Clausen, NorthSide President & CEO.

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