M&A · Financials · Buyer's industry: Savings Institutions, Not Federally Chartered
Pioneer Bancorp, Inc. to acquire Targeted Lending Co.
Announced Apr 28, 2026 · Closed Apr 28, 2026 · Private target
Deal value$140M
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationAll cash
Transaction
- Acquirer
- Pioneer Bancorp, Inc. (PBFS)
- Target
- Targeted Lending Co.
- Buyer type
- Strategic
- Offer price per share
- —
- Enterprise value
- —
- Status
- Closed Apr 28, 2026
Deal protections
Not disclosed for private-company acquisitions.
Advisors
- To the acquirer
- Not disclosed
- To the target
- Not disclosed
Classification
- Sector
- Financials
- Buyer's industry
- Savings Institutions, Not Federally Chartered