Messrs. Gorman and Spaccasi presented “The Board’s Role in Merger and Acquisition Transactions” at the Director’s Boot Camp at the 2016 ABA Annual Convention in Nashville, Tennessee.
Read More...On October 5, 2016, Georgetown Bancorp, Inc. (“Georgetown Bancorp”), Georgetown, Massachusetts, and Salem Five Bancorp (“Salem Five Bancorp”), Salem, Massachusetts, entered into a definitive merger agreement pursuant to which Salem Five Bancorp will acquire Georgetown Bancorp for approximately $49.2 million in cash.
Read More...Messrs. Brown and Hutton presented “The Current Issues Facing the Leadership of Today’s Community Banks” at the PACB 2016 Annual Convention in Lake Buena Vista, Florida.
Read More...On September 9, 2016, Northwest Bank, Warren, PA, the wholly-owned subsidiary of Northwest Bancshares, Inc. (“Northwest”), completed its acquisition of 18 bank branches from First Niagara Bank, Buffalo, NY, the wholly-owned subsidiary of First Niagara Financial Group, Inc., which were divested by First Niagara Bank as part of KeyCorp’s acquisition of First Niagara Financial Group, Inc.
Read More...On August 29, 2016, Standard Financial Corp. (“Standard Financial”), Monroeville, Pennsylvania, and Allegheny Valley Bancorp (“Allegheny Valley”), Pittsburgh, Pennsylvania, entered into a definitive merger agreement pursuant to which Allegheny Valley will merge with and into Standard Financial in an all stock transaction, with Standard Financial as the resulting company, which will be renamed Standard AVB Financial Corp.
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