Category: Mergers/Acquisitions

Provident Bank and Lakeland Bank to Combine in $1.3B Merger

Provident Financial Services, the parent company of Provident Bank, and Lakeland Bancorp, the parent company of Lakeland Bank, will combine in an all-stock merger valued at approximately $1.3 billion.

CIT Serves as Lead Arranger of $58.9MM in Financing for Rethink’s Acquisition of Six Micro-Hospitals

The healthcare finance business of CIT, a division of First Citizens Bank, served as lead arranger of $58.9 million in financing for the acquisition of a portfolio of six micro-hospitals. The buyer is a joint venture directed by an affiliate of Rethink Healthcare Real Estate, formerly Seavest Healthcare Properties.

Matrix Capital Markets Group Sells Tidewater Convenience to Global Partners

Matrix Capital Markets Group, an independent investment bank, advised Tidewater Convenience and its affiliates on the sale of the company’s 14 company-operated petroleum marketing and convenience retail stores and one company-owned commission marketer location to Global Partners.