Griffin Financial Group Serves as Investment Banker to Beneficial Mutual Bancorp, Inc.
Griffin Financial served as investment banker to Beneficial Mutual Bancorp, Inc. (NASDAQ: BNCL), a $4.8 billion bank headquartered in Philadelphia, PA, in its sale of 564,884 shares of Liberty Bell Bank (OTCQB: LBBB) to an individual investor in April, 2013. The shares represented approximately 17% of the outstanding common stock of Liberty Bell Bank. Although, Liberty Bell is listed on the OTCQB, the block was much too large to trade in the normal course of daily exchange activity. Griffin was successful in placing the block with one investor. Griffin acted as financial advisor and placement agent to Beneficial Mutual Bancorp, Inc. (MHC) in this transaction.