October 4, 2022
On September 27, 2022, Lakeland Bancorp, Inc., Oak Ridge, New Jersey, announced the signing of a merger agreement with Provident Financial Services, Inc., Iselin, New Jersey, pursuant to which Lakeland Bancorp will merge with and into Provident in an all-stock transaction valued at approximately $1.3 billion, which represents the second-largest U.S. bank deal announced in 2022. The executive leadership team and board of directors of the surviving company will consist of a combination of the two organizations.
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September 30, 2022
On September 23, 2022, Quarry City Savings and Loan Association, Warrensburg, Missouri, completed its merger into Community Bancorp, Inc., Chanute, Kansas, and its wholly owned subsidiary, Community National Bank & Trust.
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September 21, 2022
On September 16, 2022, Citizens Bank of Cape Vincent, a New York commercial bank, completed its merger with Gouverneur Savings and Loan Association, a New York savings and loan association, which is a wholly owned subsidiary of Gouverneur Bancorp. Inc., a federally chartered holding company, whose parent company is Cambray Mutual Holding Company, a federally chartered mutual holding company. The cash transaction was valued at approximately $8.5 million and the consolidated assets of the combined company are approximately $217.2 million.
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August 24, 2022
On August 23, 2022, East Wisconsin Savings Bank, Kaukauna, Wisconsin, announced the signing of a definitive agreement with Lake City Federal Bank, Lake City, Minnesota, pursuant to which East Wisconsin will acquire Lake City through a merger between the two mutually owned organizations. Following the completion of the transaction, East Wisconsin will remain 100% mutually owned.
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August 2, 2022
On August 1, 2022, State Employees Federal Credit Union ("SEFCU"), Albany, New York, successfully completed its merger of equals with Capital Communications Federal Credit Union ("CAP COM"), Albany, New York. SEFCU was the continuing credit union in the transaction but changed its name to "Broadview Federal Credit Union" upon the completion of the merger.
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