August 1, 2018
On July 31, 2018, AJS Bancorp, Inc. (“AJSB”), Midlothian, Illinois, the holding company for A. J. Smith Federal Savings Bank, and NorthWest Indiana Bancorp (“NWIN”), Munster, Indiana, the holding company for Peoples Bank SB, announced a definitive merger agreement pursuant to which AJSB will merge with and into NWIN, with NWIN as the resulting company.
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July 25, 2018
On July 25, 2018, Pilgrim Bancshares, Inc. (“Pilgrim”), Cohasset, Massachusetts, and Hometown Financial Group, Inc. (“Hometown”), Easthampton, Massachusetts, entered into a definitive merger agreement pursuant to which Pilgrim will merge with and into Hometown, with Hometown as the resulting company, for total merger consideration valued at approximately $53.9 million.
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July 23, 2018
On July 17, 2018, Brentwood Bank (“Brentwood”), Bethel Park, Pennsylvania, and Union Building and Loan Savings Bank (“Union”), Bridgewater, Pennsylvania, entered into a definitive merger agreement pursuant to which Union will merge with and into Brentwood, with Brentwood as the resulting institution.
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July 18, 2018
The SEC recently finalized a rule, effective September 10, 2018, that expands the definition of “smaller reporting company” (“SRC”) to include registrants with (i) a public float of less than $250 million, or (ii) annual revenues of less than $100 million for the previous year and either no public float or a public float of less than $700 million.
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July 18, 2018
Luse Gorman is proud to co-host the 2018 Bank Leadership and Profitability Improvement Conference on August 23-24 at the Ritz-Carlton, Washington, D.C. Our Co-Hosts are Crowe and KBW/Stifel Financial.
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