Michigan State University Federal Credit Union has entered into a definitive purchase and assumption agreement with Algonquin, IL based Algonquin State Bank and its parent holding company, First Algonquin Company.
LINKBANCORP, parent company of LINKBANK, and Partners Bancorp entered into a definitive agreement under which the companies will combine in an all-stock combination, valued at approximately $167.8 million, based on LINK’s 10 day volume-weighted average price of $8.08 as of Feb. 21.
Provident Financial Services, the parent company of Provident Bank, and Lakeland Bancorp, the parent company of Lakeland Bank, will combine in an all-stock merger valued at approximately $1.3 billion.
Brookline Bancorp and PCSB Financial entered into a definitive merger agreement whereby Brookline will acquire PCSB and its wholly-owned subsidiary, PCSB Bank, for approximately $313 million in cash and stock.
Independent Bank Corp., parent of Rockland Trust Company, closed its acquisition of Meridian Bancorp, parent of East Boston Savings Bank.
Citizens Financial Group and Investors Bancorp entered into a definitive agreement and plan of merger under which Citizens will acquire all of the outstanding shares of Investors for a combination of stock and cash.
Shore Bancshares, the holding company of Shore United Bank, and Severn Bancorp, the holding company of Severn Savings Bank, entered into a definitive agreement under which Severn will merge with and into Shore in a stock and cash transaction valued at approximately $146 million.