Mergers & Acquisitions

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Deal Overview

Buyer:
Beach Business Bank
Actual Acquirer:
Beach Business Bank
Target:
Portfolio of performing loans
Deal Type:
Specialty Finance Portfolio
Seller:
First Financial Bancorp.
Agreement Date:
12/29/2009
Announcement Date:
12/29/2009
Announced Deal Value ($ M):
NA
Status:
Completed
Completion Date:
12/29/2009

Deal Terms
Description of Consideration

The terms of the deal were not disclosed.

Percent Acquired (%) NA
Purchase Method Acquisition
Merger of Equals? No
Estimated Cost Savings (%) NA
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) NA
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer Yes Hovde Financial Inc.
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer No NA
Seller No NA