June 27, 2019
On June 26, 2019, Oritani Financial Corp., Township of Washington, New Jersey, the holding company for Oritani Bank, and Valley National Bancorp, Wayne, New Jersey, the holding company for Valley National Bank, announced the execution of a definitive merger agreement pursuant to which Oritani will merge with and into Valley, with Valley as the resulting company.
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May 17, 2019
On May 9, 2019, Pathfinder Bancorp, Inc. (“Pathfinder”), Oswego, New York, the holding company for Pathfinder Bank, completed a private placement of $20.8 million of shares of common stock, a warrant to purchase shares of common stock, and shares of convertible perpetual preferred stock.
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April 30, 2019
On April 25, 2019, New Bancorp, Inc., New Buffalo, Michigan, the holding company for New Buffalo Savings Bank, and Teachers Credit Union (“TCU”), announced the execution of a purchase and assumption agreement pursuant to which TCU will acquire the assets and assume the liabilities of New Bancorp and New Buffalo in an all cash transaction.
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March 1, 2019
On February 27, 2019, Hometown Financial Group, MHC announced that Millbury Savings Bank, Millbury, Massachusetts, will merge into Hometown Financial Group’s subsidiary bankHometown, Oxford, Massachusetts. Upon completion of the merger, bankHometown will have over $1 billion in assets and 16 branches in central Massachusetts and northeastern Connecticut.
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February 11, 2019
On February 1, 2019, Valley Central Bank and its mutual holding company, Valley Central, MHC, Liberty Township, Ohio, announced the execution of an agreement with American Savings Bank, Middletown, Ohio, pursuant to which American Savings Bank will merge with and into Valley Central Bank.
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