Safra New York Corporation Acquires Delta North Bankcorp and Delta National Bank and Trust
November 28, 2022
Safra New York Corporation, parent of Safra National Bank of New York and part of the J. Safra Group, has entered into a definitive agreement to acquire Delta North Bankcorp and its subsidiary Delta National Bank and Trust. The acquisition expands Safra's private banking and wealth management footprint in the United States and Latin America; the deal is expected to close in H1 2023 subject to regulatory approval and financial terms were not disclosed.
- Buyers
- Safra New York Corporation
- Targets
- Delta North Bankcorp, Delta National Bank and Trust
- Industry
- Financial Services
- Location
- New York, United States
- Transaction Type
- Buyout
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