Acquiring Company
Pioneer Bancorp
Acquired Company
Targeted Lending
AlbanyNew YorkFinancial ServicesFinanceLendingFinancial ServicesLendingDescription
Pioneer Bancorp, Inc. announced the acquisition of Targeted Lending Co., LLC for approximately $140 million. This acquisition will form Pioneer’s new Specialty Financing division, enhancing its commercial lending capabilities. Targeted Lending will continue to focus on equipment financing for small and mid-sized businesses. The transaction closed on April 24, 2026.
Quick answer
Pioneer Bancorp is acquiring Targeted Lending for $140 million, announced April 24, 2026. Pioneer Bancorp is based in Albany, New York, United States.
- How much did Pioneer Bancorp pay for Targeted Lending?
- The reported deal value is $140 million.
- What does Pioneer Bancorp do?
- Pioneer Bancorp, Inc. is a leading financial institution in New York’s Capital Region, committed to making a positive impact in the community.
- Where are Pioneer Bancorp and Targeted Lending based?
- Pioneer Bancorp is based in Albany, New York, United States. Targeted Lending is based in New York, United States.
- Who are the decision-makers at Pioneer Bancorp?
- Fundz holds 1 contact at Pioneer Bancorp. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Pioneer Bancorp, and when
When Pioneer Bancorp changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Pioneer Bancorp raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
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Frequently asked
Who acquired Targeted Lending?
Targeted Lending was acquired by Pioneer Bancorp, based in Albany. The deal was reported on April 24, 2026. Pioneer Bancorp, Inc. is a leading financial institution in New York’s Capital Region, committed to making a positive impact in the community. Pioneer Bancorp is publicly traded (PBFS) and operates in Financial Services.
When did Pioneer Bancorp acquire Targeted Lending?
Pioneer Bancorp's acquisition of Targeted Lending was reported on April 24, 2026. Pioneer Bancorp, Inc. announced the acquisition of Targeted Lending Co., LLC for approximately $140 million. This acquisition will form Pioneer’s new Specialty Financing division, enhancing its commercial lending capabilities. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Targeted Lending do?
Targeted Lending specializes in small-ticket equipment financing, offering loans of up to $400,000 for essential business equipment and vehicles. It is privately held, operating in Financial Services, and is based in New York.
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