.
MergerLinks Header Logo

New Deal


Announced

First Commonwealth Financial to merge with Centric Financial in a $144m deal.

Financials

Edit Data
Transaction Value£123m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Friendly

Acquisition

United States

Single Bidder

banking services

Domestic

Public

Majority

Banks

Pending

Synopsis

Edit

First Commonwealth Financial, a financial holding company, agreed to merge with Centric Financial, a banking service provider, in a $144m deal. “We are genuinely excited about the opportunities that our combined organizations can create. We have long admired the job that Centric’s CEO, Patti Husic, and the Centric team have done creating an extraordinary culture, growing their organization and serving their clients. This extension of our physical presence into Harrisburg and Metro Philadelphia allows us to deepen our existing relationships in these markets and improve the financial lives of these businesses and their communities," T. Michael "Mike" Price, First Commonwealth President and CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US