On June 30, 2021, Riverview Financial Corporation, Harrisburg, Pennsylvania, announced the signing of a definitive merger agreement with Mid Penn Bancorp, Inc., Millersburg, Pennsylvania, pursuant to which Riverview Financial Corporation will merge with and into Mid Penn Bancorp, Inc. in an all-stock transaction valued at approximately $124.7 million.
Read More...On June 29, 2021, Bancorp 34, Inc., Alamogordo, New Mexico, the holding company for Bank 34, completed a private placement of $25.0 million of its 4.00% Fixed-to-Floating Rate Subordinated Notes due 2031. The notes are intended to qualify as Tier 2 capital for regulatory purposes.
Read More...On June 10, 2021, Community Bank, Carmichaels, Pennsylvania, entered into an agreement to sell two branch operations located in West Virginia to Citizens Bank of West Virginia, Inc., Elkins, West Virginia, subject to regulatory approvals and other customary closing conditions. As of May 31, 2021, the related deposits totaled approximately $102 million and will be acquired for a 5.00% deposit premium.
Read More...We have become aware of a potential scam in which an e-mail is being sent by an anonymous employee to a company’s Ethics Committee identifying a potential insider trading violation by the employee’s superior at the company. This e-mail has been received by several clients through their whistleblower procedures. Please note that we believe this to be a phishing scam. As a result, before you respond to the e-mail or further engage with this party, we would recommend that you notify your IT department and discuss with us whether the potential claim is valid.
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Read More...On May 28, 2021, Dollar Mutual Bancorp, Pittsburgh, Pennsylvania, the mutual holding company for Dollar Bank, Federal Savings Bank, completed its acquisition of Standard AVB Financial Corp., Monroeville, Pennsylvania, the holding company for Standard Bank, PaSB.
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