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Alma Bank to acquire American Community Bank

PRIVATEJul 30, 20269 days ago

Acquiring Company

Alma Bank

Acquired Company

American Community Bank

City Of Glen CoveFinancial ServicesFinanceLendingBankingFinancial ServicesFinanceLendingBanking

Description

Alma Bank has announced its agreement to acquire American Community Bank, creating a stronger community banking franchise. The merger will enhance resources and expand market presence in New York and New Jersey. The combined institution aims to maintain personal relationships while offering a wider range of financial solutions. Both banks emphasize shared values and local decision-making in their commitment to clients.

Company Information

Company

Alma Bank

About

Founded in 2007, Alma Bank is a New York State chartered community bank with more than $1.3 billion in assets. Headquartered in Long Island City, New York, the Bank has 14 branches and offices located throughout the New York metropolitan area and northern New Jersey. Alma Bank offers consumer and commercial banking products and services to sponsors and business owners within the communities it serves. The Alma Bank team prides itself on listening closely to its customers, identifying their needs, and then delivering customized, effective and personalized banking solutions. SOURCE Alma Bank

Predictive Intelligence
Strategic

ML-powered predictions for Alma Bank's next move

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.