Credit Services & Lending M&A » By The Online Investor Staff, updated Sun., Jul. 3, 4:03 PM
Recent mergers and acquisitions in the Credit Services & Lending M&A category.
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Slide #52. TF Financial Corporation — Roebling Financial Corp, Inc.
Acquirer:
TF Financial Corporation (THRD)
Acquiree:
Roebling Financial Corp, Inc.
Details:
TF Financial Corporation (Nasdaq:THRD) ("TF Financial"), the holding company for 3rd Fed Bank, announced today that it has completed its acquisition of Roebling Financial Corp, Inc. ("Roebling") and its wholly-owned subsidiary, Roebling Bank. Roebling Bank has been merged into 3rd Fed Bank. Under the previously announced terms of the merger, Roebling shareholders are receiving either $8.60 in cash or 0.364 of a share of TF Financial common stock for each share of Roebling common stock held. Based on the final election results, Roebling stockholders who elected to receive cash or made no election will receive cash. Roebling stockholders who elected to receive stock will receive a combination of cash and stock. Stockholders who have not previously surrendered their share certificates will receive information shortly on how to exchange their shares for the merger consideration.
TF Financial is a savings and loan holding company. Through its subsidiary, 3rd Fed Bank (the Bank), Co. engages in accepting deposits from the general public and using the deposits, together with borrowings and other funds to originate or purchase loans secured by first mortgages on owner-occupied, one-to four-family residences and invest in mortgage-backed and investment securities. The Bank also originates commercial real estate and multi-family, construction and consumer loans. The Bank operates 18 branch offices in Bucks and Philadelphia Counties, PA and in Burlington, Mercer and Ocean counties, NJ. At Dec 31 2013, Co. had total assets of $835.7 million and deposits of $683.9 million.
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