Acquiring Company
Intesa Sanpaolo
Acquired Company
First Bank S.A. (Romania)
Turin
BucharestFinanceFintechFinancial ServicesFinanceLendingBankingDescription
J.C. Flowers & Co. LLC has successfully completed the sale of First Bank S.A. (Romania) to the Italian banking group Intesa Sanpaolo. The transaction resulted in the creation of a top 10 bank in Romania, with total assets of approximately €3.2 billion, serving more than 140,000 customers and employing over 1,500 people.
Quick answer
Intesa Sanpaolo is acquiring First Bank S.A. (Romania), announced June 3, 2024. Intesa Sanpaolo is based in Turin, Piedmont, Italy.
- How much did Intesa Sanpaolo pay for First Bank S.A. (Romania)?
- The deal value was not disclosed.
- What does Intesa Sanpaolo do?
- Intesa Sanpaolo is the largest banking group in Italy with a significant international presence.
- Where are Intesa Sanpaolo and First Bank S.A. (Romania) based?
- Intesa Sanpaolo is based in Turin, Piedmont, Italy. First Bank S.A. (Romania) is based in Bucharest, Bucuresti, Romania.
- Who are the decision-makers at Intesa Sanpaolo?
- Fundz holds 5 contacts at Intesa Sanpaolo. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Intesa Sanpaolo, and when
When Intesa Sanpaolo changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Intesa Sanpaolo raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Intesa Sanpaolo, from your own LinkedIn network
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Related People
Frequently asked
Who acquired First Bank S.A. (Romania)?
First Bank S.A. (Romania) was acquired by Intesa Sanpaolo, based in Turin. The deal was reported on June 3, 2024. Intesa Sanpaolo is the largest banking group in Italy with a significant international presence. It has over €420 billion in loans and €1.3 trillion in customer financial assets. Intesa Sanpaolo is privately held and operates in Finance.
When did Intesa Sanpaolo acquire First Bank S.A. (Romania)?
Intesa Sanpaolo's acquisition of First Bank S.A. (Romania) was reported on June 3, 2024. J.C. Flowers & Co. LLC has successfully completed the sale of First Bank S.A. (Romania) to the Italian banking group Intesa Sanpaolo. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does First Bank S.A. (Romania) do?
First Bank S.A. (Romania) was previously owned by J.C. Flowers & Co. LLC, a leading private investment firm. It is privately held, operating in Financial Services, and is based in Bucharest.
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