November 2, 2017
On November 1, 2017, Kearny Financial Corp. (“Kearny”), Fairfield, New Jersey, and Clifton Bancorp Inc. (“Clifton”), Clifton, New Jersey, entered into a definitive merger agreement pursuant to which Clifton will merge with and into Kearny in an all-stock transaction, with Kearny as the resulting company, for total merger consideration of approximately $408.0 million.
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October 23, 2017
On October 11, 2017, Seneca Savings, Baldwinsville, New York, completed its mutual holding company reorganization and concurrent initial public offering by Seneca Financial Corp. (“Seneca Financial”), the holding company of Seneca Savings.
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October 19, 2017
Luse Gorman, PC was the top legal advisor for merger and acquisition transactions, based on number of deals, for banks and thrifts during the nine months ended September 30, 2017, having served as legal counsel on 14 transactions announced during this period.
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August 12, 2017
On August 12, 2017, Sunshine Bancorp, Inc. (“Sunshine”), Plant City, Florida, and CenterState Banks, Inc. (“CenterState”), Winter Haven, Florida, entered into an agreement pursuant to which Sunshine will merge with and into CenterState, with CenterState as the resulting entity.
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July 27, 2017
On July 27, 2017, First Citizens Community Bank, Mansfield, Pennsylvania (“First Citizens”), the wholly-owned subsidiary of Citizens Financial Services, Inc. (“Citizens”), entered into an agreement pursuant to which it will acquire the State College, Pennsylvania branch of S&T Bank, Indiana, Pennsylvania, the wholly-owned subsidiary of S&T Bancorp, Inc. (“S&T Bancorp”).
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