Financial M&A » By The Online Investor Staff, updated Sat., Jul. 2, 12:51 PM
Recent mergers and acquisitions in the Financial M&A category.
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Slide #76. ESSA Bancorp, Inc. — Franklin Security Bancorp
Acquirer:
ESSA Bancorp, Inc. (NASDAQ:ESSA)
Acquiree:
Franklin Security Bancorp
Details:
ESSA Bancorp, Inc. (NASDAQ: ESSA) ("ESSA Bancorp"), the holding company for ESSA Bank & Trust, today announced it has completed the acquisition of Franklin Security Bancorp, Inc. ("FSB") and its wholly owned subsidiary, Franklin Security Bank, through an all cash transaction.
ESSA Bancorp is a bank holding company. Through its subsidiary, ESSA Bank & Trust, Co. accepts deposits from the general public and invests those deposits, together with funds generated from operations and borrowings, in residential first mortgage loans, commercial real estate loans, home equity loans and lines of credit, and commercial and industrial loans. Co. provides a variety of deposit accounts, including checking, savings and certificates of deposits. Co. also provides asset management and trust services. Co. provides investment services through its relationship with Ameriprise Financial Services, LLC, a third-party broker/dealer and registered investment advisor.
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Avg. Broker Rec.
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Hold (2.00 out of 4) 0th percentile
(ranked lower than approx. 100% of all stocks covered)
Analysts' Target Price: ESSA Stock Forecast Based on Zacks ABR data; powered by Xignite |
