On October 29, 2025, OceanFirst Financial Corp., Red Bank, New Jersey, the holding company for OceanFirst Bank, N.A., completed a public offering of $185.0 million of 6.375% Fixed-to-Floating Rate Subordinated Notes due 2035.
Read More...Jeff Cardone presented on mergers and acquisitions at the RKL Credit Union Seminar in Phoenixville, Pennsylvania. The presentation focused on credit union mergers, credit union acquisitions of banks, subordinated debt and charter options for credit unions.
Read More...On October 15, 2025, Seneca Bancorp, Inc., Baldwinsville, New York, the holding company for Seneca Savings Bank, National Association, completed its conversion from the mutual holding company to the stock holding company form of organization and its related stock offering. At the same time, Seneca Savings Bank converted its charter from a federal savings association to a national banking association. A total of 1,044,858 shares of common stock were sold in the offering at $10.00 per share. Seneca Bancorp’s common stock is quoted on the OTCQX Market under the symbol "SNNF."
Read More...On October 10, 2025, First Interstate Bank, Billings, Montana, completed its previously announced sale of twelve branches – ten Arizona branches and two Kansas branches – to Enterprise Bank & Trust.
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