October 16, 2025
On October 15, 2025, Seneca Bancorp, Inc., Baldwinsville, New York, the holding company for Seneca Savings Bank, National Association, completed its conversion from the mutual holding company to the stock holding company form of organization and its related stock offering. At the same time, Seneca Savings Bank converted its charter from a federal savings association to a national banking association. A total of 1,044,858 shares of common stock were sold in the offering at $10.00 per share. Seneca Bancorp’s common stock is quoted on the OTCQX Market under the symbol "SNNF."
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October 15, 2025
On October 10, 2025, First Interstate Bank, Billings, Montana, completed its previously announced sale of twelve branches – ten Arizona branches and two Kansas branches – to Enterprise Bank & Trust.
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September 29, 2025
On September 25, 2025, Orange County Bancorp, Inc., Middletown, New York, the holding company for Orange Bank & Trust Company, completed a private offering of $25.0 million of 6.50% Fixed-to-Floating Rate Subordinated Notes due 2035
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September 26, 2025
On September 25, 2025, First Savings Financial Group, Inc. (“First Savings”), the holding company for First Savings Bank, and First Merchants Corporation (“First Merchants”), the holding company for First Merchants Bank, announced the signing of a definitive agreement pursuant to which First Savings will merge with and into First Merchants and First Savings Bank will merge with and into First Merchants Bank. The all-stock transaction is valued at approximately $241.3 million.
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September 25, 2025
On September 23, 2025, Ballston Spa Bancorp, Inc. (“Ballston Spa”), the holding company for Ballston Spa National Bank, and NBC Bancorp, Inc. (“NBC”), the holding company for The National Bank of Coxsackie, entered into an agreement for a merger of equals, with Ballston Spa and Ballston Spa National Bank as the surviving entities. The all-stock transaction is valued at approximately $26.0 million.
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