On April 6, 2022, Investors Bancorp, Inc., Short Hills, New Jersey, completed its merger into Citizens Financial Group, Inc., Providence, Rhode Island. The stock and cash transaction was valued at approximately $3.4 billion and the consolidated assets of the combined company are valued at approximately $216.0 billion.
Read More...On April 1, 2022, Needham Bank, Needham, Massachusetts, completed its acquisition of cannabis banking and money service businesses from Eastern Bank, Boston, Massachusetts. As a part of the transaction, Needham Bank assumed approximately $300 million of deposits, and will sublet space in Eastern Bank’s Medford branch.
Read More...On March 31, 2022, Eagle Financial Services, Inc., Berryville, Virginia, the holding company for Bank of Clarke County, completed a private placement of $30.0 million of its 4.50% Fixed-to-Floating Rate Subordinated Notes due 2032.
Read More...On March 28, 2022, Hometown Financial Group, Inc. Easthampton, Massachusetts, entered into a definitive merger agreement to acquire Randolph Bancorp, Inc., Quincy, Massachusetts. Randolph Bancorp stockholders will receive $27.00 in cash per share of Randolph Bancorp common stock for total merger consideration of approximately $146.5 million.
Read More...On March 22, 2022, Quarry City Savings and Loan Association, Warrensburg, Missouri, entered into a definitive agreement to be acquired by Community Bancorp, Inc., Chanute, Kansas, and its wholly owned subsidiary, Community National Bank & Trust. Quarry City will merge with and into Community National in an all-cash transaction valued at approximately $10.4 million.
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