June 3, 2024
On May 30, 2024, Affinity Bancshares, Inc. and its wholly-owned subsidiary, Affinity Bank, National Association, announced the signing of a definitive purchase and assumption agreement with Atlanta Postal Credit Union, pursuant to which Atlanta Postal Credit Union will acquire the assets and assume the liabilities of Affinity Bank in an all-cash transaction. Following the completion of the acquisition, Affinity Bancshares, Inc. will settle its remaining obligations and distribute its remaining cash to its shareholders.
Read More...
June 3, 2024
On May 30, 2024, Scott A. Brown presented and moderated a session at the Financial and Accounting Society of New England Conference in Portsmouth, New Hampshire. The session focused on the current mergers and acquisitions landscape and certain regulatory, compensation-related and governance issues.
Read More...
May 29, 2024
On May 23, 2024, Gesa Credit Union ("Gesa"), Richland, Washington, announced that it had entered into a definitive agreement to acquire substantially all the assets and assume substantially all the liabilities of Security State Bank, Centralia, Washington, the wholly-owned subsidiary of Security State Corporation.
Read More...
May 28, 2024
On May 13, 2024, NVE Bancorp, MHC, Englewood, New Jersey, announced the signing of a definitive merger agreement with Ion Financial, MHC, Naugatuck, Connecticut, pursuant to which NVE Bancorp, MHC and NVE Bancorp, Inc. each will merge into Ion Financial, MHC and NVE Bank, the subsidiary of NVE Bancorp, will merge into Ion Bank, the subsidiary of Ion Financial, MHC.
Read More...
May 22, 2024
On May 15, 2024, Harborstone Credit Union, Lakewood, Washington, completed its acquisition of First Sound Bank, Seattle, Washington.
Read More...
