On October 5, 2016, Georgetown Bancorp, Inc. (“Georgetown Bancorp”), Georgetown, Massachusetts, and Salem Five Bancorp (“Salem Five Bancorp”), Salem, Massachusetts, entered into a definitive merger agreement pursuant to which Salem Five Bancorp will acquire Georgetown Bancorp for approximately $49.2 million in cash.
Read More...On September 9, 2016, Northwest Bank, Warren, PA, the wholly-owned subsidiary of Northwest Bancshares, Inc. (“Northwest”), completed its acquisition of 18 bank branches from First Niagara Bank, Buffalo, NY, the wholly-owned subsidiary of First Niagara Financial Group, Inc., which were divested by First Niagara Bank as part of KeyCorp’s acquisition of First Niagara Financial Group, Inc.
Read More...On August 29, 2016, Standard Financial Corp. (“Standard Financial”), Monroeville, Pennsylvania, and Allegheny Valley Bancorp (“Allegheny Valley”), Pittsburgh, Pennsylvania, entered into a definitive merger agreement pursuant to which Allegheny Valley will merge with and into Standard Financial in an all stock transaction, with Standard Financial as the resulting company, which will be renamed Standard AVB Financial Corp.
Read More...On June 30, 2016, North Shore Bank, FSB, Brookfield, Wisconsin, entered into a definitive agreement to acquire Layton Park Financial Group, Inc., West Allis, Wisconsin, and its wholly owned subsidiary, Layton State Bank.
Read More...On June 24, 2016, Berkshire Hills Bancorp, Inc. (“Berkshire Hills”), Berkshire Bank, Pittsfield, Massachusetts, and First Choice Bank, (“First Choice”), Lawrenceville, New Jersey, entered into an agreement pursuant to which Berkshire Bank will acquire First Choice for approximately $111.7 million in Berkshire Hills common stock.
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