Latest News
Brentwood Bank Acquires Union Building, Loan Savings Bank
Monday 15 April 2019

15 April 2019 - Pennsylvania, US-based Brentwood Bank has merged with Pennsylvania-based Union Building and Loan Savings Bank, with Brentwood as the surviving bank, the company said.

The merger was completed pursuant to the terms of the agreement and plan of merger, dated as of July 17, 2018, by and among MHC, Brentwood's parent company, Brentwood and Union. Terms of the transaction were not disclosed.

In connection with the merger, Brentwood intends to maintain the Union branch location as Union Building and Loan Savings Bank, a division of Brentwood Bank for at least three years. 

The company will have combined assets of approximately USD 671m and customers of both banks will have access to five banking centres and limited service mobile offices located in Bridgewater, Bethel Park, Brentwood, South Fayette and South Park.

Brentwood Bank offers a range of financial products and services and are committed to providing exceptional service and value to customers and communities throughout the Greater Pittsburgh area.
Date Published: 15/04/2019
Target: Union Building and Loan Savings Bank
Country: USA
Sector: Banking/Financial Services
Type: Corporate acquisition
Financing: Cash and Stock
Status: Agreed
Buyer: Brentwood Bank
Buyer Advisor: The Kafafian Group , Luse Gorman
Terms of the deal were not disclosed