Financial M&A » By The Online Investor Staff, updated Thu., Apr. 18, 10:16 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 (the Bank), Co. provides financial services to individuals, families and businesses through its community offices, located in Monroe, Northampton, Lehigh, Lackawanna, Luzerne, Chester, DE and Montgomery Counties, PA. The Bank's business consists of accepting deposits from the general public and investing 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 deposit accounts, including checking, savings and certificates of deposits.
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Avg. Broker Rec.
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Hold (2.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: ESSA Stock Forecast Based on Zacks ABR data; powered by Xignite |
