September 25, 2024
On September 23, 2024, Generations Bancorp NY, Inc. and its wholly owned subsidiary, Generations Bank, announced the signing of a definitive purchase and assumption agreement with ESL Federal Credit Union, pursuant to which ESL Federal Credit Union will acquire the assets and assume the liabilities of Generations Bank in an all-cash transaction. Following the completion of the acquisition, Generations Bancorp NY, Inc. will settle its remaining obligations and distribute its remaining cash to its shareholders.
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September 24, 2024
On September 20, 2024, Wisconsin Mutual Bancorp, MHC, Kaukauna, Wisconsin, completed its conversion from the mutual holding company to the stock holding company form of organization. Concurrently, EWSB Bancorp, Inc., the newly formed holding company for East Wisconsin Savings Bank, completed its initial public offering by selling 752,538 shares of its common stock at $10.00 per share. EWSB Bancorp’s common stock is listed on the OTC Market under the trading symbol “EWSB.”
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September 23, 2024
On September 20, 2024, Hometown Financial Group, Inc., the holding company for bankESB, bankHometown, and Abington Bank, and North Shore Bancorp, the holding company for North Shore Bank, completed its merger transaction whereby North Shore Bank became a wholly-owned subsidiary of Hometown Financial Group and merged with Abington Bank, with North Shore Bank as the surviving entity.
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September 13, 2024
On September 9, 2024, Jeff Cardone was a panelist at the Next Forum: The Future of Banking hosted by Newcleus and Travillian. The event featured panels of U.S. bank investors, investment bankers and attorneys. Mr. Cardone’s panel discussed M&A and capital considerations for banks and credit unions.
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September 10, 2024
On September 9, 2024, Evans Bancorp, Inc., Williamsville, New York, announced the signing of a merger agreement with NBT Bancorp Inc., Norwich, New York, pursuant to which Evans Bancorp will merge with and into NBT Bancorp in an all-stock transaction valued at approximately $236 million. Evans Bancorp President and CEO David Nasca will join the NBT Bancorp board of directors following the merger.
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