3rd Fed Bank
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3rd Fed Bank - overview
Established
1921
Location
-, PA, US
Primary Industry
Financial Services
About
Based in Pennsylvania, US, and founded in 1921, TF Financial Corp. provides tailored financial solutions to individuals, families, and businesses. In June 2014, First National Penn Bancshares, a portfolio company of Warburg Pincus, agreed to acquire TF Financial Corp. for USD 138 million.
The deal received approval in September 2014 and was completed in October 2014. TF Financial Corp. offer personal banking services include checking and savings accounts, certificates of deposit (CDs), individual retirement accounts (IRAs), mortgages, home equity loans, personal loans, and credit cards. Customers benefit from features such as free online banking, bill pay, estatements, telephone banking, and access to a surcharge-free ATM network.
Specialized products like the greenloan and my community mortgage are designed to support environmentally conscious borrowers and first-time homebuyers. For businesses, 3rd Fed Bank offers a suite of services including business checking, savings, money market accounts, cash management, merchant services, and business credit cards. The bank also provides commercial lending solutions such as term loans, lines of credit, construction loans, and commercial mortgages. Its business development and commercial lending teams work closely with clients to support growth and operational needs.
Current Investors
First National Penn Bancshares, Inc.
Primary Industry
Financial Services
Sub Industries
Retail Banks, e-Financial, Consumer Finance, Commercial Banks
Verticals
FinTech, Mobile Apps
Company Stage
Add-on
Total Amount Raised
Subscriber access only
3rd Fed Bank - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | 3rd Fed Bank | - |
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