November 5, 2026
On November 2, 2026, Narragansett Bancorp Inc., Swansea, Massachusetts, completed its stock offering in connection with the two-tier holding company reorganization of BayCoast Bank and Narragansett Financial Corporation. A total of 9,098,800 shares of common stock were sold at a price of $10.00 per share. Narragansett Bancorp also issued 423,200 shares of common stock to BayCoast Charitable Foundation, Inc. and 11,638,000 shares of common stock to Narragansett Financial Corporation, for a total of 21,160,000 shares of common stock issued and outstanding as a result of the transaction. Narragansett Bancorp’s common stock is traded on the Nasdaq Capital Market under the symbol “NARA”.
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November 5, 2026
On November 4, 2026, Jeff Cardone participated in the Bank M&A Legal Panel at Eide Baily’s 2026 Banking Seminar. The panel discussed the current bank M&A environment and provided insights and observations into current trends and hot topics related to bank M&A.
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November 4, 2026
On November 1, 2026, Saint Lawrence Federal Credit Union, a federally chartered credit union headquartered in Ogdensburg, New York (“SLFCU”), completed its purchase of substantially all the assets and assumption of substantially all the liabilities of The Citizens National Bank of Hammond, a national bank headquartered in Hammond, New York. Following the completion of the transaction, SLFCU has approximately $300 million in assets and serves over 14,000 members through eight full-service branch locations.
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November 3, 2026
On November 1, 2026, GECU Federal Credit Union (“GECU”), El Paso, Texas, completed its purchase of substantially all the assets and assumption of substantially all the liabilities of Bank of the Southwest, Roswell, New Mexico, the wholly-owned subsidiary of New Mexico National Financial Incorporated. Following the completion of the transaction, GECU has approximately $4.9 billion in assets and serves nearly 450,000 members through 41 service locations in Texas and New Mexico.
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October 21, 2026
On October 19, 2026, Dime Commercial Bancshares, Inc., Hauppauge, New York, the parent company of Dime Commercial Bank, entered into a merger agreement pursuant to which it will acquire ES Bancshares, Inc., the parent company of Empire State Bank, Staten Island, New York, in a cash and stock transaction valued at approximately $58.0 million.
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