June 14, 2021
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.
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June 4, 2021
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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June 1, 2021
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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April 26, 2021
On April 21, 2021, Home Savings and Loan Association of Carroll County, F.A., Norborne, Missouri, entered into an agreement pursuant to which it will acquire NBH Bank’s branch office located in Carrollton, Missouri.
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April 23, 2021
On April 22, 2021, Meridian Bancorp, Inc., Peabody, Massachusetts, announced the signing of a definitive merger agreement with Independent Bank Corp., Rockland, Massachusetts, pursuant to which Meridian will merge with and into Independent.
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