On August 24, 2021, Berkshire Hills Bancorp, Inc. entered into an agreement to sell its insurance subsidiary, Berkshire Insurance Group, Inc., to Brown & Brown of Massachusetts, LLC.
Read More...On August 19, 2021, Tempo Bank, Trenton, Illinois, its parent company, Sugar Creek Financial Corp., and Scott Credit Union, Edwardsville, Illinois, announced that they have entered into an agreement pursuant to which Scott Credit Union will acquire the assets and assume the liabilities of Tempo Bank in an all-cash transaction.
Read More...To our clients and friends:
Nasdaq's proposal to adopt new listing rules related to board diversity requirements and disclosure has been approved by the SEC.
Our Alert regarding the new rules is available here.
Read More...On August 9, 2021, Orange County Bancorp, Inc., parent company of Orange Bank & Trust Company and Hudson Valley Investment Advisors, Inc., closed its initial public offering of common stock.
Read More...On August 5, 2021, BayVanguard Bank, Edgemere, Maryland, entered into a merger agreement with North Arundel Savings Bank, Pasadena, Maryland, pursuant to which North Arundel will merge with and into BayVanguard Bank. As part of the merger transaction, BV Financial, Inc., the mid-tier holding company of BayVanguard Bank, will issue additional shares of its common stock to Bay-Vanguard, M.H.C., BayVanguard Bank’s mutual holding company parent, in an amount equal to the fair value of North Arundel as determined by an independent appraisal.
Read More...