Mr. Spaccasi was a panelist for “Merger Mania: How Credit Unions Can Survive and Thrive on a New M&A Market” presented by the CU Leadership Convention. The webinar focused on the critical factors for highly successful M&A transactions and key issues and procedures that should be focused upon when a credit union is considering a merger.
Read More...On September 5, 2019, BV Financial, Inc., Baltimore, Maryland, the holding company for BayVanguard Bank, and MB Bancorp, Inc., Forest Hill, Maryland, the holding company for Madison Bank of Maryland, announced the signing of a definitive merger agreement, pursuant to which MB Bancorp will merge with and into BV Financial, with BV Financial as the resulting company. MB Bancorp shareholders will receive $15.85 in cash per share of MB Bancorp common stock. The total merger consideration is valued at approximately $31.0 million.
Read More...On August 16, 2019, First Mutual Holding Co., a mutual holding company headquartered in Lakewood, Ohio (“First Mutual”), and Blue Grass Federal Savings and Loan Association, a mutual savings association headquartered in Paris, Kentucky (“Blue Grass”), announced the signing of a definitive merger agreement pursuant to which First Mutual will acquire Blue Grass as a separate bank subsidiary.
Read More...On August 21, 2019, San Luis Valley Federal Bank, Alamosa, Colorado, completed its reorganization from a mutual savings bank to the mutual holding company form of organization. In connection with the reorganization, the bank formed Colorado Mutual Holding Company, which owns 100% of Colorado Mutual Bancorp.
Read More...On August 20, 2019, Community First Bancshares, Inc., Covington, Georgia (“Community First”), the holding company for Newton Federal Bank, and ABB Financial Group, Inc., Atlanta, Georgia (“ABB”), the holding company for Affinity Bank, announced the signing of a definitive merger agreement, pursuant to which ABB will merge with and into Community First, with Community First as the resulting company.
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