Peoples Financial Services Corp. (NASDAQ - PFIS)

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M&A History<< Return to Mergers & Acquisitions
Deal Overview
Buyer: Peoples Financial Services Corp.
Actual Acquirer: Peoples National Bank
Target: 1 Branch
Deal Type: Bank & Thrift Branch
Seller: Ambanc Holding Co., Inc.
Agreement Date11/19/2001
Announcement Date11/19/2001
Number of Target Branches1
Branch Locations Norwich, NY
Franchise Premium ($000)50
Tangible Book Premium/ Deposits (%)1.25
Completion Date3/6/2002
Deal Terms
Description of Consideration
Deposits ($000)4,000
Total Assets ($000)3,950
Deal Advisers - Financial Advisers
Party AdvisedAdviser Hired?Firm Name
BuyerYesRBC Capital Markets LLC
SellerYesFinPro Inc.

Deal Advisers - Legal Counsel
Party AdvisedAdviser Hired?Firm Name
BuyerYesShumaker Williams PC
SellerYesSpidi & Fisch PC