On August 1, 2023, Harborstone Credit Union, Lakewood, Washington, announced that it had entered into a purchase and assumption agreement to acquire substantially all the assets and assume substantially all the liabilities of First Sound Bank, Seattle, Washington.  Following the completion of the acquisition, First Sound Bank will distribute the net transaction proceeds to its… Read more »

On July 31, 2023, BV Financial, Inc., Baltimore, Maryland, the holding company for BayVanguard Bank, completed its conversion from the mutual holding company to the stock holding company form of organization and its related stock offering.  A total of 9,798,980 shares of common stock were sold in the offering at a price of $10.00 per… Read more »

On July 26, 2023, Mercer Savings Bank, Celina, Ohio, completed its conversion from the mutual form of organization to the stock form of organization. Concurrently, Mercer Bancorp, Inc., the newly formed holding company for Mercer Savings Bank, completed its initial public offering by selling 972,970 shares of its common stock at $10.00 per share.  Mercer… Read more »

On July 21, 2023, Land of Lincoln Credit Union, Decatur, Illinois, completed its acquisition of Colchester State Bank, Colchester, Illinois. All Colchester State Bank’s branches will operate as branch offices of Land of Lincoln Credit Union, increasing Land of Lincoln Credit Union’s total branches to 14 and total assets to approximately $450 million following the… Read more »