October 20, 2022
On October 19, 2022, HV Bancorp, Inc., Doylestown, Pennsylvania, announced the signing of a merger agreement with Citizens Financial Services, Inc., Mansfield, Pennsylvania, pursuant to which HV Bancorp will merge with and into Citizens for total merger consideration of approximately $67.4 million. HV Bancorp stockholders may elect to receive $30.50 in cash or 0.400 shares of Citizens common stock for each share of HV Bancorp common stock they own, subject to proration to ensure that 80% of the outstanding shares of HV Bancorp common stock are exchanged for shares of Citizens common stock and the remaining 20% are exchanged for cash.
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October 18, 2022
On October 14, 2022, Barksdale Federal Credit Union, Bossier City, Louisiana, completed its acquisition of HomeBank of Arkansas ("HomeBank"), Greenbrier, Arkansas.
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October 12, 2022
On October 7, 2022, Hometown Financial Group, Inc. Easthampton, Massachusetts, the multi-bank holding company for bankESB, bankHometown and Abington Bank, completed its acquisition of Randolph Bancorp, Inc., Quincy, Massachusetts. Immediately following that merger, Abington Bank, Abington, Massachusetts, acquired Envision Bank, Randolph, Massachusetts, a wholly-owned subsidiary of Randolph Bancorp. The all-cash transaction was valued at approximately $146.5 million.
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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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