Banking & Savings M&A » By The Online Investor Staff, updated Sat., Apr. 20, 3:47 AM
Recent mergers and acquisitions in the Banking & Savings M&A category.
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Slide #71. Bridge Bancorp, Inc. — FNBNY
Acquirer:
Bridge Bancorp, Inc. (BDGE)
Acquiree:
FNBNY
Details:
Bridge Bancorp, Inc. (Nasdaq:BDGE), the parent company of The Bridgehampton National Bank (BNB), announced that it completed the acquisition of FNBNY Bancorp, Inc. and its wholly owned subsidiary, the First National Bank of New York (collectively "FNBNY"), on Friday, February 14, 2014 and converted core systems to BNB over the weekend.
Bridge Bancorp is a bank holding company. Through its subsidiary, Co. is engaged in commercial and consumer banking business, including accepting time, savings and demand deposits from the consumers, businesses and local municipalities in its market area. Co. also provides the Certificate of Deposit Account Registry Service and Insured Cash Sweep programs. In addition, Co. provides merchant credit and debit card processing, automated teller machines, cash management services, lockbox processing, online banking services, remote deposit capture, safe deposit boxes, and individual retirement accounts as well as investment services through Bridge Financial Services LLC.
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Avg. Broker Rec.
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Buy (3.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: BDGE Stock Forecast Based on Zacks ABR data; powered by Xignite |
