Trustar Bank
Classification
Private
Financials
Revenue & Profit
Valuation
Ratios
People
Deals
M&A2024-03-15Completed
Investor Sponsors NorthBridge PE | Stake Tags 100% |
Deal Amount $120M | Is PE deal Yes |
Target Company Valuation $1.20 MM | Is deal PE backed Yes |
Techniques Acquisition of Assets, Taken Private | Total Acquired 100% |
Investor Sponsors
Deal Amount
$120M
Target Company Valuation
$1.20 MM
Techniques
Acquisition of Assets, Taken Private
Stake Tags
100%
Is PE deal
Yes
Is deal PE backed
Yes
Total Acquired
100%
Secondary Transaction2023-09-01Canceled
Investor Sponsors -- | Stake Tags Majority |
Deal Amount Undisclosed | Is PE deal No |
Target Company Valuation -- | Is deal PE backed Yes |
Techniques Secondary Sale, Management Buy-out (MBO) | Total Acquired 65% |
Investor Sponsors
--
Deal Amount
Undisclosed
Target Company Valuation
NaN
Techniques
Secondary Sale, Management Buy-out (MBO)
Stake Tags
Majority
Is PE deal
No
Is deal PE backed
Yes
Total Acquired
65%
Funding
About
About
Trustar Bank is a financial institution that provides a range of banking and financial services to individuals, businesses, and organizations. Committed to building trust and fostering financial growth, Trustar Bank combines traditional banking principles with modern technology to offer a comprehensive suite of financial products and personalized services. Product Breakdown: Deposit Products: Trustar Bank provides a range of deposit products, including savings accounts, checking accounts, money market accounts, and certificates of deposit (CDs), offering customers flexible options to manage and grow their funds. Loan Products: From personal loans to mortgages, auto loans, commercial loans, and small business loans, Trustar Bank offers a diverse portfolio of financing solutions to meet the unique needs of individuals and businesses. Online and Mobile Banking: The bank's online and mobile banking services empower customers with convenient access to their accounts, featuring internet banking services, mobile banking apps, bill pay and transfer services, and robust account management tools. Credit Cards: Trustar Bank offers a variety of credit cards for personal and business use, each equipped with rewards and benefits programs to enhance the financial experience for cardholders. Wealth Management Services: For comprehensive financial planning, the bank provides wealth management services, including investment advisory, retirement planning, and trust and estate planning, ensuring a holistic approach to wealth preservation and growth. Business Banking Solutions: Catering to the needs of businesses, Trustar Bank offers business checking and savings accounts, merchant services, remote deposit capture, and various business loans and lines of credit to support corporate financial requirements. Financial Advisory Services: The bank provides financial advisory services encompassing financial planning, investment consulting, risk management, and portfolio management to guide customers in making informed and strategic financial decisions. Treasury Management: Trustar Bank's treasury management services cover cash management, automated clearing house (ACH) services, wire transfers, and electronic funds transfer, providing businesses with efficient tools for managing their financial operations.
Keywords
Keywords
Classified
Private