June 24, 2024
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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June 3, 2024
On May 30, 2024, Affinity Bancshares, Inc. and its wholly-owned subsidiary, Affinity Bank, National Association, announced the signing of a definitive purchase and assumption agreement with Atlanta Postal Credit Union, pursuant to which Atlanta Postal Credit Union will acquire the assets and assume the liabilities of Affinity Bank in an all-cash transaction. Following the completion of the acquisition, Affinity Bancshares, Inc. will settle its remaining obligations and distribute its remaining cash to its shareholders.
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May 29, 2024
On May 23, 2024, Gesa Credit Union ("Gesa"), Richland, Washington, announced that it had entered into a definitive agreement to acquire substantially all the assets and assume substantially all the liabilities of Security State Bank, Centralia, Washington, the wholly-owned subsidiary of Security State Corporation.
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May 28, 2024
On May 13, 2024, NVE Bancorp, MHC, Englewood, New Jersey, announced the signing of a definitive merger agreement with Ion Financial, MHC, Naugatuck, Connecticut, pursuant to which NVE Bancorp, MHC and NVE Bancorp, Inc. each will merge into Ion Financial, MHC and NVE Bank, the subsidiary of NVE Bancorp, will merge into Ion Bank, the subsidiary of Ion Financial, MHC.
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May 22, 2024
On May 15, 2024, Harborstone Credit Union, Lakewood, Washington, completed its acquisition of First Sound Bank, Seattle, Washington.
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