November 7, 2025
On November 7, 2025, Scott A. Brown participated in the State and Federal Legislative and Regulatory Update panel at the Connecticut Bankers Association 2025 Annual Conference in Manalapan, Florida. The session focused on certain current federal matters impacting community banks, including the current mergers and acquisitions landscape, recent regulatory and legislative changes and an update on mutual capital certificates.
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November 5, 2025
On October 31, 2025, CFSB Bancorp, Inc., Quincy, Massachusetts, the holding company for Colonial Federal Savings Bank, and Hometown Financial Group, Inc., the holding company for bankESB, bankHometown, North Shore Bank, and Abington Bank, a division of North Shore Bank, completed their previously announced merger. Colonial Federal merged into North Shore Bank in an all-cash transaction valued at approximately $44 million.
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October 31, 2025
On October 29, 2025, IF Bancorp, Inc., Watseka, Illinois, and ServBanc, Holdco, Inc., Oswego, Illinois, entered into a merger agreement pursuant to which IF Bancorp will merge with and into ServBanc in an all-cash transaction valued at approximately $89.8 million, subject to certain potential adjustments described in the agreement.
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October 30, 2025
On October 29, 2025, OceanFirst Financial Corp., Red Bank, New Jersey, the holding company for OceanFirst Bank, N.A., completed a public offering of $185.0 million of 6.375% Fixed-to-Floating Rate Subordinated Notes due 2035.
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October 30, 2025
Jeff Cardone presented on mergers and acquisitions at the RKL Credit Union Seminar in Phoenixville, Pennsylvania. The presentation focused on credit union mergers, credit union acquisitions of banks, subordinated debt and charter options for credit unions.
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