December 16, 2016
On December 16, 2016, Hometown Bancorp MHC, Walden, New York, and its wholly-owned subsidiaries, Hometown Bancorp, Inc. and Hometown Bank of the Hudson Valley (together, “Hometown”) entered into a definitive merger agreement with Wallkill Valley Federal Savings and Loan Association (“Wallkill”), a mutual savings and loan association in Wallkill, New York, pursuant to which Hometown will merge with and into Wallkill, with Wallkill as the surviving entity, for total merger consideration of approximately $7.0 million in cash.
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November 28, 2016
On November 28, 2016, Bridge Bancorp, Inc., Bridgehampton, NY (“Bridge Bancorp”), completed a shelf takedown offering of $50.0 million of its common stock.
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November 17, 2016
On November 17, 2016, First Interstate BancSystem, Inc. (“First Interstate”), Billings, Montana, and Cascade Bancorp (“Cascade”), Bend, Oregon, entered into a definitive merger agreement pursuant to which Cascade will merge with and into First Interstate, with First Interstate as the resulting company for total merger consideration of approximately $589.0 million.
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November 17, 2016
On November 17, 2016, Abington Bank (“Abington”), Abington, Massachusetts, and Holbrook Cooperative Bank, (“Holbrook”), Holbrook, Massachusetts, jointly announced that Holbrook will merge with and into Abington with the Holbrook location being operated as “Holbrook Cooperative Bank, an Affiliate of Abington Bank.”
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November 15, 2016
Messrs. Luse and Krudys presented “Charter Choice; Opportunities and Challenges” at the Pennsylvania Association of Community Bankers Mutuality Conference in Hershey, Pennsylvania.
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