October 24, 2019
On October 22, 2019, PB Bancorp, Inc., Putnam, Connecticut, the holding company for Putnam Bank, a Connecticut-chartered stock savings bank, and Centreville Bank, West Warwick, Rhode Island, a Rhode Island-chartered mutual savings bank, announced the signing of a definitive merger agreement pursuant to which Centreville Bank will acquire PB Bancorp and Putnam Bank, with Centreville Bank as the surviving institution.
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October 23, 2019
On October 16, 2019, Provident Bancorp, Inc., Amesbury, Massachusetts, the holding company of The Provident Bank, completed its conversion from the mutual holding company to the stock holding company form of organization and related stock offering, whereby Provident Bancorp sold $102.1 million of common stock at $10.00 per share.
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October 1, 2019
On September 27, 2019, First Mutual Holding Co., a mutual holding company headquartered in Lakewood, Ohio (“First Mutual”), and Warsaw Federal Savings and Loan Association, a mutual savings association headquartered in Cincinnati, Ohio (“Warsaw”), announced the signing of a definitive merger agreement pursuant to which First Mutual will acquire Warsaw and hold it as a separate bank subsidiary.
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September 9, 2019
On September 5, 2019, BV Financial, Inc., Baltimore, Maryland, the holding company for BayVanguard Bank, and MB Bancorp, Inc., Forest Hill, Maryland, the holding company for Madison Bank of Maryland, announced the signing of a definitive merger agreement, pursuant to which MB Bancorp will merge with and into BV Financial, with BV Financial as the resulting company. MB Bancorp shareholders will receive $15.85 in cash per share of MB Bancorp common stock. The total merger consideration is valued at approximately $31.0 million.
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August 23, 2019
On August 16, 2019, First Mutual Holding Co., a mutual holding company headquartered in Lakewood, Ohio (“First Mutual”), and Blue Grass Federal Savings and Loan Association, a mutual savings association headquartered in Paris, Kentucky (“Blue Grass”), announced the signing of a definitive merger agreement pursuant to which First Mutual will acquire Blue Grass as a separate bank subsidiary.
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