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Stifel Financial Corp's Stifel Bank & Trust Completes Acquisition Of Acacia Federal Savings Bank


Friday, 1 Nov 2013 04:01pm EDT 

Stifel Financial Corp. announced that Stifel Bank & Trust has completed its acquisition of Acacia Federal Savings Bank (Acacia Federal), a one-branch community bank with approximately $585 million in total assets. Established in 1985, and wholly owned by Ameritas Mutual Holding Company, Acacia Federal is a federally chartered savings institution with one retail branch located in Falls Church, Virginia. Over 80% of Acacia Federal's loan portfolio is originated single-family residential mortgages. The acquisition was completed as of October 31, 2013 following the receipt of all regulatory approvals and completion of other conditions precedent to closing. 

Company Quote

44.5
0.19 +0.43%
15 Apr 2014