On June 10, 2025, Chemung Financial Corporation, Elmira, New York, the holding company for Chemung Canal Trust Company, completed a private offering of $45.0 million of 7.75% Fixed-to-Floating Rate Subordinated Notes due 2035.
Read More...On June 5, 2025, Orange County Bancorp, Inc. closed the underwritten public offering of 1,720,430 shares of common stock at an offering price of $23.25 per share. Additionally, on June 9, 2025, the underwriters completed the sale of the overallotment option of 258,064 additional shares of common stock at the offering price of $23.25 per share. In aggregate, the gross proceeds of the offering were $46.0 million.
Read More...On June 5, 2025, Provident Bancorp, Inc., Amesbury, Massachusetts, announced the signing of a merger agreement with NB Bancorp, Inc., Needham, Massachusetts, pursuant to which Provident Bancorp will merge with and into NB Bancorp in a cash and stock transaction valued at approximately $211.8 million.
Read More...Today we published Volume 18 of The Bankers’ Bulletin, providing our insights into key banking industry developments from May 2025, including:
Read More...On June 3, 2025, Lawrence M.F. Spaccasi participated in an on-line Regulatory and M&A Legal Panel hosted by Olsen Palmer. The session focused on the current regulatory environment and its impact on the mergers and acquisitions landscape. A replay of the panel can be accessed here.
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