On May 1, 2025, Frontier Credit Union (“Frontier”), Idaho Falls, Idaho, announced that it had entered into a definitive agreement to acquire substantially all the assets and assume substantially all the liabilities of First Citizens Bank of Butte (“First Citizens”), Butte, Montana.
Read More...On April 25, 2025, Mid-Southern Savings Bank, FSB, Salem, Indiana, and its parent company, Mid-Southern Bancorp, Inc., completed a purchase and assumption transaction with Beacon Credit Union (“BCU”), Wabash, Indiana, in which BCU has acquired substantially all the assets and assumed substantially all the liabilities of Mid-Southern Bank in an all-cash transaction.
Read More...On April 28, 2025, First Interstate Bank, Billings, Montana, entered into a definitive agreement to sell twelve branches – its ten Arizona branches and two Kansas branches – to Enterprise Bank & Trust, Clayton, Missouri. Under the agreement, First Interstate Bank will sell the branch facilities together with approximately $740 million in deposits and $200 million in loans.
Read More...On April 21, 2025, Marathon Bancorp, Inc., Wausau, Wisconsin, the holding company for Marathon 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 1,693,411 shares of common stock were sold at a price of $10.00 per share. Marathon Bancorp’s common stock trades on the Nasdaq Capital Market under the symbol “MBBC.”
Read More...On March 25, 2025, MountainOne Financial, MHC, North Adams, Massachusetts, and Mechanics Bancorp, MHC, Taunton, Massachusetts, announced their agreement to form a strategic partnership through the merger of MountainOne Financial, MHC and Mechanics Bancorp, MHC. MountainOne Bank and Mechanics Bank, the bank subsidiaries of MountainOne Financial, MHC and Mechanics Bancorp, MHC, respectively, will remain independent entities under a mutual multi-bank holding company.
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