PSB Holding Corp.
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PSB Holding Corp. - overview
Established
1904
Location
-, MA, US
Primary Industry
Financial Services
About
Based in Maryland, US, and founded in 1904, PSB Holding Corp. operates as a holding company for Provident State Bank, Inc. , a full-service bank. In December 2022, Summit Financial Group, Inc.
, a portfolio company of Castle Creek Capital Partners, agreed to fully acquire PSB Holding Corp. for approximately USD 53. 9 million, in a stock-for-stock deal. As of 2017, the company is led by its president and CEO Melissa Quirk.
Provident State Bank, Inc. has ten branch locations in Preston, Federalsburg, Ridgely, Denton, Easton-Elliot Road, Easton-Harrison Street, Secretary, Cambridge, Salisbury, and Lewes (Delaware). The company offers a wide variety of banking services such as creating bank accounts, obtaining a loan, notary services, or ATM services. The firm operates for mortgage, business, and personal services.
The mortgage services offered by the firm include loan programs, refinance options and construction loan programs. The personal banking services offered by the bank include checking accounts, savings accounts, mobile banking, etc. Some business banking services on offer are checking accounts, business loan services, cash management services, etc.
Current Investors
Summit Financial Group, Inc.
Primary Industry
Financial Services
Sub Industries
Commercial Banks, Financial Services, Retail Banks
Website
www.providentstatebank.com
Verticals
FinTech
Company Stage
Add-on
Total Amount Raised
Subscriber access only
PSB Holding Corp. - 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 | PSB Holding Corp. | - |
Displaying 1 - 1 of 1
PSB Holding Corp. - employee data
PSB Holding Corp. - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Chairman of the Board | BM |
BM Board Member
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