McColl Partners, LLC ("McColl Partners") is pleased to announce that the firm recently received The M&A Atlas Awards’ Financials Deal of the Year Award for advising Oriental Financial Group, Inc. (“Oriental”) in its acquisition of Eurobank from FDIC receivership. Under Oriental’s agreement with the FDIC, Oriental assumed approximately $1.7 billion in assets and $722 million in deposits, as well as 22 branches in Puerto Rico.
“This transaction helps restore normalcy to the Puerto Rico banking industry and represents a transformative event for Oriental -- one that maintains Oriental’s historic financial strength while providing new growth opportunities,” said Jose Fernandez, President and CEO of Oriental.
The Atlas Awards honor top deals, deal-makers, and firms from North American and South American middle-market mergers and acquisitions communities. An independent body of experts judged and determined the ultimate recipients of the award. McColl Partners was chosen from among 207 deal nominations from 41 unique firms worldwide.
“We are thrilled to be recognized for our role of advising on this transaction,” said Charlie Welch, Managing Director of McColl Partners. “This transformational acquisition will help to strengthen both Oriental and the Puerto Rican banking system as a whole, while providing a financially attractive investment to Oriental’s shareholders.”
About McColl Partners, LLC
McColl Partners is an independent investment banking firm specializing in the needs of management and owners of middle-market companies. With significant experience working with entrepreneurs, family-owned businesses, private equity groups, public companies, financial institutions, and divisions of large companies, the firm is dedicated to offering strategic advice and assistance to its clients regarding mergers and acquisitions and private capital raising assignments.
For more information about this transaction or our Financial Institutions Group, please contact Charlie Welch or Phil Colaco at 704-333-0525. Additional information about McColl Partners can be found at www.mccollpartners.com.