August 6, 2021
On August 5, 2021, BayVanguard Bank, Edgemere, Maryland, entered into a merger agreement with North Arundel Savings Bank, Pasadena, Maryland, pursuant to which North Arundel will merge with and into BayVanguard Bank. As part of the merger transaction, BV Financial, Inc., the mid-tier holding company of BayVanguard Bank, will issue additional shares of its common stock to Bay-Vanguard, M.H.C., BayVanguard Bank’s mutual holding company parent, in an amount equal to the fair value of North Arundel as determined by an independent appraisal.
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July 28, 2021
On July 28, 2021, Investors Bancorp, Inc., Short Hills, New Jersey, announced the signing of a definitive merger agreement with Citizens Financial Group, Inc., Providence, Rhode Island, pursuant to which Investors Bancorp, Inc. will merge with and into Citizens Financial Group, Inc. in a stock and cash transaction valued at approximately $3.5 billion.
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July 21, 2021
On July 14, 2021, 1895 Bancorp of Wisconsin, Inc., Greenfield, Wisconsin, the holding company for PyraMax Bank, FSB, completed its conversion from the mutual holding company to the stock holding company form of organization and its related stock offering. A total of 3,542,000 shares of common stock were sold in the subscription offering at a price of $10.00 per share. The Company’s common stock trades on the Nasdaq Capital Market under the symbol “BCOW.”
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July 20, 2021
On July 14, 2021, Magyar Bancorp, Inc., New Brunswick, New Jersey, the holding company for Magyar Bank, completed its conversion from the mutual holding company to the stock holding company form of organization and its related stock offering.
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July 19, 2021
On July 14, 2021, Cullman Bancorp, Inc., Cullman, Alabama, the holding company for Cullman Savings Bank, completed its conversion from the mutual holding company to the stock holding company form of organization and its related stock offering.
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