September 23, 2024
On September 20, 2024, Hometown Financial Group, Inc., the holding company for bankESB, bankHometown, and Abington Bank, and North Shore Bancorp, the holding company for North Shore Bank, completed its merger transaction whereby North Shore Bank became a wholly-owned subsidiary of Hometown Financial Group and merged with Abington Bank, with North Shore Bank as the surviving entity.
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September 10, 2024
On September 9, 2024, Evans Bancorp, Inc., Williamsville, New York, announced the signing of a merger agreement with NBT Bancorp Inc., Norwich, New York, pursuant to which Evans Bancorp will merge with and into NBT Bancorp in an all-stock transaction valued at approximately $236 million. Evans Bancorp President and CEO David Nasca will join the NBT Bancorp board of directors following the merger.
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September 9, 2024
On September 5, 2024, The First of Long Island Corporation, Melville, New York, announced the signing of a merger agreement with ConnectOne Bancorp, Inc., Englewood Cliffs, New Jersey, pursuant to which First of Long Island will merge with and into ConnectOne in an all-stock transaction valued at approximately $284 million. The board of directors of the surviving company will be composed of the current directors of ConnectOne and three members of the current First of Long Island board of directors, including First of Long Island CEO Christopher Becker who will serve as Vice Chairman.
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September 5, 2024
On August 31, 2024, Michigan State University Federal Credit Union, East Lansing, Michigan (MSUFCU) completed its acquisitions of McHenry Savings Bank, McHenry, Illinois and Algonquin State Bank, Algonquin, Illinois. Following the completion of these acquisitions, MSUFCU has approximately $9.0 billion in assets.
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September 4, 2024
On September 1, 2024, Johnson County Bank, Mountain City, Tennessee, completed its merger with Skyline Bankshares, Inc., Floyd, Virginia, the holding company for Skyline National Bank.
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