Credit Services & Lending M&A » By The Online Investor Staff, updated Mon., Jul. 4, 10:57 AM
Recent mergers and acquisitions in the Credit Services & Lending M&A category.
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Slide #81. TF Financial Corporation — Roebling Financial Corp, Inc.
Acquirer:
TF Financial Corporation (THRD)
Acquiree:
Roebling Financial Corp, Inc. (RBLG)
Details:
TF Financial Corporation (Nasdaq:THRD), the parent company of 3rd Fed Bank, and Roebling Financial Corp, Inc. (OTCBB:RBLG), the parent company of Roebling Bank, jointly announced the execution of a definitive merger agreement under which TF Financial is to acquire Roebling Financial for approximately $14.5 million in TF stock and cash, or approximately $8.60 per share.
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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