Intesa Sanpaolo Acquires First Bank (Romania) from J.C. Flowers
June 3, 2024
Italian banking group Intesa Sanpaolo has acquired First Bank S.A. (Romania) from private investment firm J.C. Flowers & Co.; terms were not disclosed. The deal combines First Bank with Intesa Sanpaolo Bank Romania to create a top-10 bank in Romania with roughly €3.2 billion in combined assets and over 140,000 customers.
- Buyers
- Intesa Sanpaolo, Intesa Sanpaolo Bank Romania
- Targets
- First Bank S.A. (Romania)
- Sellers
- J.C. Flowers & Co. LLC, JCF Tiger Holdings S.A.R.L.
- Industry
- Financial Services
- Location
- Romania
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
J.C. Flowers & Co. Acquires Insurance Broker Caleas Srl
July 31, 2025
Financial Services
Investment vehicles affiliated with J.C. Flowers & Co. have acquired Milan-based insurance brokerage Caleas Srl. The founders/management will retain a minority stake; the deal is part of J.C. Flowers' roll-up strategy in the Italian insurance market to expand its SME and corporate insurance capabilities.
-
J.C. Flowers Acquires wefox Italia
June 16, 2025
Financial Services
J.C. Flowers & Co., a private investment firm focused on financial services, has completed the acquisition of wefox Italia, an Italian insurtech and managing general agent. The company will continue to operate independently under its existing leadership, with a focus on technological innovation and growth in the Italian insurance market; terms were not disclosed.
-
First Financial Bancorp Acquires BankFinancial Corporation
January 1, 2026
Financial Services
First Financial Bancorp completed its all-stock acquisition of Chicago-based BankFinancial Corporation, adding 18 retail financial centers and expanding First Financial’s presence in the Chicago market. The acquisition brings BankFinancial’s commercial lending, equipment finance and deposit franchise onto First Financial’s platform and increases the combined company’s assets to approximately $22 billion.
-
PNC Completes Acquisition of FirstBank Holding Company
January 6, 2026
Financial Services
The PNC Financial Services Group has completed its acquisition of FirstBank Holding Company and its banking subsidiary, FirstBank, following receipt of regulatory approvals. The deal expands PNC’s presence in Colorado and Arizona; FirstBank customers will continue using existing channels until customer conversions planned for this summer.
-
Fulton Bank (Fulton Financial) Acquires Assets and Deposits of Republic First Bank from the FDIC
April 26, 2024
Financial Services
Fulton Financial Corporation’s bank subsidiary, Fulton Bank, N.A., has acquired substantially all of the assets and assumed substantially all of the deposits of Republic First Bank (d/b/a Republic Bank) from the Federal Deposit Insurance Corporation. The FDIC-assisted transaction adds approximately $6.0 billion of assets and roughly $4.0 billion of deposits to Fulton and significantly expands Fulton’s presence in the Philadelphia market.
-
J.C. Flowers Makes $125M Equity Investment in Capital Funding Bancorp (CFG Bank)
December 20, 2023
Financial Services
J.C. Flowers & Co. has completed a $125 million all-primary equity investment (expandable to $165 million) for a minority stake in Capital Funding Bancorp, Inc., the holding company for Baltimore-based CFG Bank. The growth-capital investment will support CFG Bank’s expansion of its national healthcare and multifamily lending businesses and bolster the bank’s ongoing growth trajectory.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.