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.
Read More...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.
Read More...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.
Read More...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”.
Read More...On June 18, 2024, PeoplesBancorp, MHC, Holyoke, Massachusetts, and SSB Community Bancorp MHC, Spencer, Massachusetts, announced their agreement to form a strategic partnership through the merger of PeoplesBancorp, MHC and SSB Community Bancorp MHC. PeoplesBank and Cornerstone Bank, the bank subsidiaries of PeoplesBancorp, MHC and SSB Community Bancorp MHC, respectively, will remain independent entities under a mutual multi-bank holding company.
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