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New Deal


Announced

Wings Financial Credit Union to acquire Settlers 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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United States

Banks

Acquisition

Pending

Friendly

Majority

private banking services

Domestic

Private

Single Bidder

Synopsis

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Wings Financial Credit Union, a credit union, agreed to acquire Settlers bank, a provider of commercial, treasury, mortgage and private banking services. Financial terms were not disclosed. “We’re excited about the opportunity to introduce our services to the Wisconsin market. We’ve been exploring opportunities to expand into Wisconsin and this transaction was a great fit for both Settlers bank and Wings,” Frank Weidner, Wings Financial CU President and CEO.

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