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New Deal


Announced

Safra New York Corporation to acquire Delta National Bank and Trust.

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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bank

financial services

Majority

Domestic

Pending

Friendly

Single Bidder

Private

Acquisition

United States

Banks

Synopsis

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Safra New York Corporation, a company which consists of privately-owned banks, agreed to acquire Delta National Bank and Trust, a private banking and wealth management services provider. Financial terms were not disclosed. The acquisition is a strategic extension of Safra National Bank of New York's private banking business both in the United States, and throughout Latin America, where it has been providing premier private banking and financial services to high net-worth clients.

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