February 27, 2026
On February 25, 2026, Adirondack Bancorp, Inc. (“Adirondack”), the parent company for Adirondack Bank (“Adirondack Bank”), entered into an agreement and plan of merger (the “Agreement”) with Arrow Financial Corporation (“Arrow”), the parent company of Arrow Bank National Association (“Arrow Bank”) and Arrow Merger Sub, Inc. Pursuant to the Agreement, Arrow will be the surviving parent company and Arrow Bank will be the surviving bank. The cash and stock transaction is valued at $89.1 million.
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February 12, 2026
On February 1, 2026, Frontier Credit Union, Idaho Falls, Idaho, completed its purchase of substantially all assets and the assumption of substantially all liabilities of First Citizens Bank of Butte, Butte, Montana, the wholly-owned subsidiary of Butte Bank Shares, Inc. Following the completion of the transaction, Frontier Credit Union had approximately $775 million in assets and 16 branch locations.
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February 11, 2026
Today we published Volume 26 of The Bankers’ Bulletin, which provides our insights into key banking industry developments from January 2026, including:
• The OCC’s proposed rule on national trust bank authority;
• The FDIC’s final revisions to its appeals process;
• The progress of community bank reform legislation in the House;
• The withdrawal of a joint statement on ECOA by DOJ/CFPB;
• The Comptroller’s call for changes to resolution planning;
and more.
A link to the latest edition of the Bulletin is available here. If you have any questions related to any of the items covered in this edition of the Bulletin, please reach out to Brendan Clegg (bclegg@luselaw.com), Marc Levy (mlevy@luselaw.com), Scott Brown (sbrown@luselaw.com), Keeler Fina (kfina@luselaw.com), or your regular Firm contact. To learn more about Luse Gorman, please visit our website.
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February 4, 2026
On January 31, 2026, Northfield Bancorp, Inc., Woodbridge, New Jersey, and Columbia Financial, Inc., Fair Lawn, New Jersey, entered into a merger agreement pursuant to which Northfield will merge with and into Columbia in a cash and stock transaction valued at approximately $597 million.
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February 3, 2026
On February 1, 2026, First Savings Financial Group, Inc., Jeffersonville, Indiana, the holding company for First Savings Bank, completed its previously announced merger with First Merchants Corporation, Muncie, Indiana, the holding company for First Merchants Bank. As part of the all-stock transaction, First Savings Bank merged with and into First Merchants Bank.
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