Peoples Bank (Peoples Bancorp) Acquires Vantage Financial
February 16, 2022
Peoples Bank, a wholly owned subsidiary of Peoples Bancorp Inc., acquired Vantage Financial for $54 million in cash and agreed to repay approximately $21 million of Vantage recourse debt; the deal closed in March 2022. Vantage will continue to operate under its name as a subsidiary, with the majority of its leadership staying in place while co-founder Bob Murphy retires.
- Buyers
- Peoples Bank (Peoples Bancorp Inc.)
- Targets
- Vantage Financial
- Sellers
- Vantage Financial shareholders
- Industry
- Financial Services
- Location
- Minnesota, United States
- Transaction Type
- Buyout
Explore More
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.