Core Viewpoint - NB Bancorp, Inc. and Provident Bancorp, Inc. have entered into a definitive merger agreement, with Provident merging into Needham in a stock and cash transaction valued at approximately $211.8 million [2][3] Summary by Sections Merger Agreement - The merger agreement was unanimously approved by both boards, allowing Provident stockholders to choose between receiving 0.691 shares of Needham common stock or $13.00 in cash for each share of Provident common stock [2] - The transaction is structured to qualify as a tax-free reorganization for federal income tax purposes [2] Financial Implications - Needham anticipates issuing approximately 5.9 million shares of its common stock as part of the merger [2] - The transaction is expected to dilute Needham's tangible book value by approximately 6.1% and has an earn back period of about 2.7 years [2] - The merger is projected to be approximately 19% accretive to NB Bancorp's earnings per share in 2026, assuming full phase-in of cost savings [6] Operational Impact - The combined organization will operate 18 branches across Metrowest, Greater Boston, the North Shore in Massachusetts, and Southern New Hampshire [4] - Total assets at transaction close are expected to be around $7.1 billion, with $5.9 billion in total deposits and $6.1 billion in total loans [4] Leadership and Governance - Joseph B. Reilly, President and CEO of Provident, will join the board of directors of Needham and Needham Bank [3] - All Provident directors and executive officers have agreed to vote in favor of the merger [3] Market Position - The pro forma company is expected to be the sixth largest Massachusetts-based bank in the Boston MSA based on deposit market share [4] - Needham will maintain significant liquidity and exceed regulatory minimums to be considered well-capitalized after the merger [4]

Core Viewpoint - ConnectOne Bancorp, Inc. and The First of Long Island Corporation have received FDIC approval for their merger, which is expected to close around June 1, 2025, pending additional regulatory approvals [1][2][3] Group 1: Merger Details - The merger will combine ConnectOne and First of Long Island, creating a company with approximately $14 billion in total assets, $11 billion in total deposits, and $11 billion in total loans [3] - The combined entity will operate under the ConnectOne brand and will rank among the top 5 community banks on Long Island in terms of deposit market share [3] Group 2: Leadership Statements - Frank Sorrentino III, CEO of ConnectOne, expressed confidence in leveraging ConnectOne's commercial expertise and infrastructure to serve First of Long Island's client base [3] - Chris Becker, CEO of The First National Bank of Long Island, highlighted the readiness of both teams for a seamless integration and emphasized shared values in client service [3] Group 3: Company Backgrounds - ConnectOne Bancorp, Inc. operates through ConnectOne Bank and offers a full suite of banking and lending products focused on small to middle-market businesses [4] - The First of Long Island Corporation, founded in 1927, focuses on business and consumer needs in Long Island and New York City, known for its "Customer First" banking experience [5]

Core Viewpoint - Old National Bancorp has successfully completed its merger with Bremer Financial Corporation, enhancing its position among the top banking companies in the U.S. [1][2] Company Overview - Following the merger, Old National will have approximately $70 billion in assets and $37 billion in assets under management, ranking it among the top 25 banking companies headquartered in the U.S. [2][8] - The combined organization will operate under the Old National Bancorp and Old National Bank names, with Bremer Bank functioning as a division of Old National Bank until the systems conversion in mid-October 2025 [3][4]. Community Commitment - Old National has increased its Community Growth Plan commitments from $9.5 billion to $11.1 billion, adding approximately $1.6 billion in lending, investments, and philanthropy in Minnesota, North Dakota, and Wisconsin [5]. Board of Directors - Daniel Reardon will join the Old National Bancorp Board of Directors, bringing extensive experience in executive management, philanthropy, and banking [6][7].

Core Viewpoint - Columbia Banking System, Inc. will acquire Pacific Premier Bancorp, Inc. in an all-stock transaction valued at approximately $2.0 billion, creating a combined entity with around $70 billion in assets, positioning it as a market leader in the Western U.S. banking sector [1][2][5] Strategic Benefits - The merger establishes a leading banking franchise in the Western region, enhancing competitive positioning in Southern California and expanding service offerings [2][5] - The transaction accelerates Columbia's expansion in Southern California by about a decade, moving its deposit market share into a top-10 position [5] - Pacific Premier's specialized banking verticals, such as HOA Banking and Custodial Trust, will enhance Columbia's product offerings [5] - The combined company will continue to support local communities through volunteerism and charitable initiatives [5] Financial Benefits - The merger is projected to deliver mid-teens EPS accretion to Columbia, with tangible book value dilution expected to be earned back in three years [5][12] - The transaction is anticipated to create approximately $0.9 billion in value based on achievable cost synergies, with expected expense savings of $88 million after-tax [12] - The combined entity is positioned to achieve top-quartile profitability metrics, including an anticipated 20% ROATCE and 1.4% ROAA by 2026 [12] Company Overview - Columbia Banking System, Inc. is headquartered in Tacoma, Washington, and is the parent company of Umpqua Bank, which operates across multiple states in the Western U.S. [10] - Pacific Premier Bancorp, Inc. is a commercial bank focused on serving small to middle-market businesses throughout the Western U.S., with approximately $18 billion in total assets [11]