On November 29, 2023, Eagle Financial Bancorp, Inc., Cincinnati, Ohio, announced the signing of a merger agreement with LCNB Corp., Lebanon, Ohio, pursuant to which Eagle Financial Bancorp will merge with and into LCNB Corp. in a stock-and-cash transaction valued at approximately $23.1 million. As part of the transaction, EAGLE.bank will merge with and into LCNB National Bank.
Read More...On November 1, 2023, A.E.A. Federal Credit Union, Yuma, Arizona, announced that it had entered into a purchase and assumption agreement with West Valley National Bank, Goodyear, Arizona and its parent holding company, West Valley Bancorp, Inc. Pursuant to the agreement, A.E.A. Federal Credit Union will purchase substantially all assets and assume substantially all liabilities of West Valley National Bank. Following the completion of the transaction, West Valley National Bank and West Valley Bancorp, Inc. will each dissolve and liquidate, and all remaining assets will be distributed to the shareholders of West Valley Bancorp, Inc.
Read More...On October 19, 2023, Home Federal Savings and Loan Association of Grand Island, Grand Island, Nebraska, completed its conversion from the mutual to stock form of organization. Concurrently, Central Plains Bancshares, Inc., the newly formed holding company for Home Federal, completed its initial public offering by selling 4,130,815 shares of its common stock at $10.00 per share. Central Plains Bancshares’ common stock is traded on the Nasdaq Capital Market under the symbol "CPBI."
Read More...On October 17, 2023, Peru Federal Savings Bank, Peru, Illinois, completed its conversion from the mutual form of organization to the stock form of organization. Concurrently, PFS Bancorp, Inc., the newly formed holding company for Peru Federal, completed its initial public offering by selling 1,725,000 shares of its common stock at $10.00 per share. PFS Bancorp’s common stock is listed on the OTCQB Market under the trading symbol "PFSB."
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