November 16, 2017
On November 16, 2017, CB Financial Services, Inc. (“CB”), Carmichaels, Pennsylvania, and First West Virginia Bancorp, Inc. (“First West Virginia”), Wheeling, West Virginia, entered into a definitive merger agreement pursuant to which First West Virginia will merge with and into CB, with CB as the resulting company, for total merger consideration of approximately $49.0 million.
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November 15, 2017
On November 10, 2017, Metropolitan Bank Holding Corp., New York, New York (“MBHC”), the parent bank holding company for Metropolitan Commercial Bank, completed an initial public offering through a firm commitment underwritten sale of 3.565 million shares of common stock at a price of $35.00 per share, which included the underwriter’s overallotment option. MBHC’s stock began trading on the New York Stock Exchange on November 8, 2017 under the symbol “MCB.”
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November 2, 2017
On November 1, 2017, Kearny Financial Corp. (“Kearny”), Fairfield, New Jersey, and Clifton Bancorp Inc. (“Clifton”), Clifton, New Jersey, entered into a definitive merger agreement pursuant to which Clifton will merge with and into Kearny in an all-stock transaction, with Kearny as the resulting company, for total merger consideration of approximately $408.0 million.
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October 23, 2017
On October 11, 2017, Seneca Savings, Baldwinsville, New York, completed its mutual holding company reorganization and concurrent initial public offering by Seneca Financial Corp. (“Seneca Financial”), the holding company of Seneca Savings.
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October 19, 2017
Luse Gorman, PC was the top legal advisor for merger and acquisition transactions, based on number of deals, for banks and thrifts during the nine months ended September 30, 2017, having served as legal counsel on 14 transactions announced during this period.
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