On July 30, 2018, BCB Bancorp, Inc. (“BCB”), Bayonne, New Jersey, the holding company for BCB Community Bank, completed a private placement of $33.5 million of its 5.625% Fixed-to-Floating Rate Subordinated Notes due 2028 (the “Notes”).
Read More...On July 31, 2018, the Treasury Department issued its report on financial technology (fintech) companies and the OCC announced that it will begin accepting national bank charter applications from fintech companies.
Read More...On July 31, 2018, AJS Bancorp, Inc. (“AJSB”), Midlothian, Illinois, the holding company for A. J. Smith Federal Savings Bank, and NorthWest Indiana Bancorp (“NWIN”), Munster, Indiana, the holding company for Peoples Bank SB, announced a definitive merger agreement pursuant to which AJSB will merge with and into NWIN, with NWIN as the resulting company.
Read More...On July 25, 2018, Pilgrim Bancshares, Inc. (“Pilgrim”), Cohasset, Massachusetts, and Hometown Financial Group, Inc. (“Hometown”), Easthampton, Massachusetts, entered into a definitive merger agreement pursuant to which Pilgrim will merge with and into Hometown, with Hometown as the resulting company, for total merger consideration valued at approximately $53.9 million.
Read More...On July 17, 2018, Brentwood Bank (“Brentwood”), Bethel Park, Pennsylvania, and Union Building and Loan Savings Bank (“Union”), Bridgewater, Pennsylvania, entered into a definitive merger agreement pursuant to which Union will merge with and into Brentwood, with Brentwood as the resulting institution.
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