March 6, 2020
On March 6, 2020, Carroll Bancorp, Inc., Eldersburg, Maryland, the holding company for Carroll Community Bank, a Maryland-chartered bank, and Farmers and Merchants Bancshares, Inc., Hampstead, Maryland, the holding company for Farmers and Merchants Bank, a Maryland-chartered bank, announced the signing of a definitive merger agreement pursuant to which Carroll Bancorp will merge with and into Farmers and Merchants Bancshares, with Farmers and Merchants Bancshares as the resulting company.
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February 7, 2020
On February 5, 2020, Dime Community Bancshares, Inc. (“Dime”) completed an underwritten public offering of $75.0 million of its 5.50% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A, par value $0.01 per share, with a liquidation preference of $25.00 per share. Dime raised approximately $72.2 million in the offering, net of underwriting discounts and expenses.
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January 24, 2020
On January 22, 2020, CF Mutual Holding Company, Cincinnati, Ohio, completed its conversion from the mutual holding company to the stock holding company form of organization and Cincinnati Bancorp, Inc., the new stock holding company for Cincinnati Federal, sold $15.5 million of common stock in a public offering.
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January 23, 2020
On January 16, 2020, FFBW, Inc., Waukesha, Wisconsin, the holding company for First Federal Bank of Wisconsin, completed its conversion from the mutual holding company to the stock holding company form of organization and related stock offering, whereby FFBW, Inc. sold $42.7 million of common stock at $10.00 per share.
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January 21, 2020
On January 15, 2020, Bogota Savings Bank, Teaneck, New Jersey, completed its reorganization from a mutual savings bank to the mutual holding company form of organization.
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