- Companies
- United Bank
United Bank Valuation, Funding & Investors
United Bank is valued at $759M as of April 2019.
Last United Bank valuation
$759M
Undisclosed stage · Apr 2019
Last United Bank funding round
$26M
Undisclosed stage · Apr 2019
Cumulative funding United Bank raised
$26M
across 1 funding round
About United Bank
United Bank of India is a Kolkata-headquartered public sector bank with 1,999 branches across India, fully enabled for core banking solutions. Nationalized in 1969, it leads banking in 30 districts of West Bengal, Assam, Manipur, and Tripura, sponsoring four regional rural banks with over 1,000 outlets. Known as the Tea Bank, United Bank finances tea estates and operates overseas branches in Kolkata, New Delhi, and Mumbai with SWIFT connectivity and Visa ATMs worldwide.
Founded
1950
HQ
Website
Status
Privately held
Customer focus
B2B & B2C
Revenue model
Services
Valuation
$759M (Apr 2019)
Sectors
United Bank Valuation
United Bank is currently valued at $759M, based on its undisclosed-stage round in April 2019.
United Bank valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Apr 2019 | Undisclosed stage | $759M |
United Bank Funding History
United Bank has raised a total of $26M across 1 funding round.
United Bank funding rounds
| Date | Stage | Raised | Valuation | Deal Summary |
|---|---|---|---|---|
| Apr 2019 | Undisclosed stage | $26M | $759M | United Bank, a Connecticut-chartered stock savings bank headquartered in Hartford and wholly-owned subsidiary of United Financial Bancorp, Inc., was acquired by People's United Bank, N.A. in a merger announced around April 2019. As of March 31, 2019, United Bank had total assets of approximately $7.3 billion and total deposits of approximately $5.7 billion, offering consumer loans, deposit products, and financial advisory services. People's United Bank, post its own prior merger, had total assets of approximately $50.9 billion and deposits of $39.4 billion as of a recent date prior to the United Bank deal. The transaction involved converting shares of United Financial Bancorp (parent of United Bank) into 0.875 shares of People's United common stock, with the total transaction value estimated at approximately $759 million based on People's United's trading price prior to announcement. This stock-for-stock merger positioned the combined entity strongly, with pro forma financials indicating the resultant institution would remain 'well capitalized' as of June 30, 2019 data. |
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Start Free TrialAcquisitions by United Bank
United Bank has acquired 1 company to date.
Last acquisition by United Bank was on March 16th 2021. United Bank acquired Town-Country National Bank for $29M.
Latest Acquisitions by United Bank
| Description | Town-Country National Bank is a community bank serving Wilcox County, Alabama, and surrounding areas with checking accounts, loans, mortgages, and online banking. Established in 1978 in Camden, it manages $150 million in assets across branches in Pine Apple and Boykin. The FDIC-insured institution offers agricultural loans and personal lines of credit to local farmers and residents. |
| HQ Country | |
| HQ City | Camden, NJ |
| Deal Date | 16 Mar 2021 |
| Valuation | $29M |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all United Bank acquisitions and their M&A valuation multiples. Start Free Trial | |
United Bank Competitors
United Bank competitors include listed companies like Agricultural Development Bank, VersaBank, Bank of Jordan and Hrvatska Postanska Banka, and private ones like China Wanxiang Holding and WeBank.
| Company | HQ | Status | Revenue | Valuation | Revenue Multiple |
|---|---|---|---|---|---|
| Publicly listed | $149M | $758M | - | ||
| Publicly listed | $89M | $757M | 6.9x | ||
| Publicly listed | $182M | $762M | - | ||
| Publicly listed | $232M | $765M | - | ||
| Private | - | $819M | - | ||
| Private | - | $941M | - |
United Bank Public Comps
United Bank is still privately-owned, but its public comps include Agricultural Development Bank, VersaBank, Bank of Jordan, Hrvatska Postanska Banka, Banco Bmg, Banco Amazonia, Washington Trust, Banque de Tunisie, Grupo Supervielle and Shore Bancshares.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $149M | - | 5.1x | - | - | - | |||
| $89M | - | 8.5x | 6.9x | - | - | |||
| $182M | - | 4.2x | - | - | - | |||
| $232M | - | 3.3x | - | - | - | |||
| $888M | - | 0.8x | 0.6x | - | - | |||
| $969M | - | 0.8x | - | - | - | |||
| $222M | - | 3.4x | 3.1x | - | - | |||
| $193M | - | 3.9x | 3.7x | - | - | |||
This data is available for Pro users. Sign up to see all United Bank competitors and their valuation data. Start Free Trial | ||||||||
Common questions about United Bank
| When was United Bank founded? | United Bank was founded in 1950. |
| Where is United Bank headquartered? | United Bank is headquartered in Kolkata, India. |
| Is United Bank publicly listed? | No, United Bank is a private company. |
| What is United Bank's valuation? | United Bank was last valued at $759M in its undisclosed-stage round in April 2019. |
| How much funding has United Bank raised? | United Bank has raised $26M across 1 funding round. |
| What was United Bank's last funding round? | United Bank's last funding round was a $26M undisclosed-stage round in April 2019. |
| Which companies are comparable to United Bank? | Companies comparable to United Bank include Agricultural Development Bank, VersaBank, Bank of Jordan, Hrvatska Postanska Banka, China Wanxiang Holding and WeBank. |
| How many companies has United Bank acquired? | United Bank has acquired 1 company, including Town-Country National Bank. |
| What was the largest acquisition by United Bank? | The $29M acquisition of Town-Country National Bank in March 2021 is the largest acquisition United Bank has made to date. |
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