September 9, 2024
On September 5, 2024, The First of Long Island Corporation, Melville, New York, announced the signing of a merger agreement with ConnectOne Bancorp, Inc., Englewood Cliffs, New Jersey, pursuant to which First of Long Island will merge with and into ConnectOne in an all-stock transaction valued at approximately $284 million. The board of directors of the surviving company will be composed of the current directors of ConnectOne and three members of the current First of Long Island board of directors, including First of Long Island CEO Christopher Becker who will serve as Vice Chairman.
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September 5, 2024
On August 31, 2024, Michigan State University Federal Credit Union, East Lansing, Michigan (MSUFCU) completed its acquisitions of McHenry Savings Bank, McHenry, Illinois and Algonquin State Bank, Algonquin, Illinois. Following the completion of these acquisitions, MSUFCU has approximately $9.0 billion in assets.
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September 4, 2024
On September 1, 2024, Johnson County Bank, Mountain City, Tennessee, completed its merger with Skyline Bankshares, Inc., Floyd, Virginia, the holding company for Skyline National Bank.
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August 20, 2024
On August 16, 2024, U.S. Eagle Federal Credit Union (“U.S. Eagle”), Albuquerque, New Mexico, announced that it had entered into a definitive agreement to acquire substantially all the assets and assume substantially all the liabilities of Southwest Capital Bank, Albuquerque, New Mexico, the wholly-owned subsidiary of Las Vegas Bancorporation, Inc.
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August 1, 2024
On July 31, 2024, Fifth District Savings Bank, New Orleans, Louisiana, completed its conversion from the mutual to stock form of organization. Concurrently, Fifth District Bancorp, Inc., the newly formed holding company for Fifth District Savings Bank, completed its initial public offering by selling 5,459,473 shares of its common stock at $10.00 per share, and also issued 100,000 shares of its common stock to The Fifth District Community Foundation, Inc. Fifth District Bancorp’s common stock is traded on the Nasdaq Capital Market under the symbol “FDSB”.
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