American Challenger Could Sell Itself After Merger Called Off
After the termination of its planned merger with Patriot Bank, Stamford-based American Challenger Corp. could put itself up for sale.
After the termination of its planned merger with Patriot Bank, Stamford-based American Challenger Corp. could put itself up for sale.
After Patriot Bank and American Challenger Development Corp. combine in a reverse subsidiary merger that is expected to close next year, Patriot will convert to the technology platform that American Challenger has been building for its digital bank.
The parent company of Stamford-based Patriot Bank has agreed to acquire American Challenger Development Corp. in a reverse subsidiary merger.