Merger Announcement - Civista Bancshares, Inc. will acquire The Farmers Savings Bank, with a combined total asset of approximately $4.4 billion, total net loans of about $3.2 billion, and total deposits of around $3.5 billion as of March 31, 2025 [1][3] - The acquisition will add two branches in Medina and Lorain Counties, along with approximately $183 million in low-cost core deposits [3] Financial Details - Civista will pay $34.925 million in cash and issue 1,434,491 common shares for all outstanding shares of Farmers, resulting in an aggregate deal value of approximately $70.4 million based on Civista's closing share price of $24.72 on July 9, 2025 [5] - The acquisition is expected to be approximately 10% accretive to Civista's diluted earnings per share once cost savings are fully realized [7] Strategic Rationale - The merger is aimed at enhancing Civista's commercial lending platform and deploying Farmers' excess liquidity, which has a loan-to-deposit ratio of 46%, to drive growth [3][4] - Both companies express a commitment to community banking and believe the merger will provide greater value to shareholders and enhanced resources to customers [4][5] Regulatory and Approval Process - The transaction is expected to close in the fourth quarter of 2025, pending approval from Farmers' shareholders and regulatory authorities [5][6] - Key shareholders of Farmers have agreed to vote in favor of the merger [6] Investor Communication - Civista will host an investor conference call on July 11, 2025, to discuss the merger transaction [8]

NEW YORK, July 09, 2025 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Somerset Trust Holding Company (OTCQX: SOME) (the "Company"), the holding company of Somerset Trust Company, has qualified to trade on the OTCQX® Best Market. Somerset Trust Holding Company upgraded to OTCQX from the Pink® market. Somerset Trust Holding Company begins trading today on OTCQX under the symbol "SOME." U.S. investor ...

Core Points - Lake Shore Bancorp, Inc. has received all regulatory approvals to convert Lake Shore, MHC from mutual to stock form and to complete the related stock offering [1][2] - The closing of the conversion is expected to occur after business hours on July 18, 2025, with trading of Lake Shore Bancorp's common stock on Nasdaq beginning on July 21, 2025 [2] - The company anticipates selling approximately 4,950,460 shares at $10.00 per share, resulting in total gross proceeds of $49.5 million [3] - Existing public stockholders of Lake Shore Federal Bancorp will have their shares converted at an exchange ratio of 1.3549 shares of Lake Shore Bancorp common stock for each share of Lake Shore Federal Bancorp common stock [4] - Approximately 7,825,877 shares of Lake Shore Bancorp common stock are expected to be outstanding post-conversion [4] - Stockholders holding shares in street name will receive their shares and cash for fractional shares directly in their accounts, while those with certificated shares will receive a letter of transmittal [5] - Lake Shore Federal Bancorp operates as a community-oriented financial institution with ten full-service branches in Western New York, offering a range of retail and commercial banking services [7]

Romolo (Ron) Santarosa Senior Executive Vice President & Chief Financial Officer 213-427-5636 Lisa Fortuna Investor Relations Financial Profiles, Inc. 310-622-8251 Source: Hanmi Bank Headquartered in Los Angeles, California, Hanmi Financial Corporation owns Hanmi Bank, which serves multi-ethnic communities through its network of 32 full-service branches, five loan production offices and three loan centers in California, Colorado, Georgia, Illinois, New Jersey, New York, Texas, Virginia and Washington. Hanmi ...

Core Viewpoint - Old Point Financial Corporation's shareholders have approved the merger with TowneBank, marking a significant step towards the completion of the transaction, which is expected to finalize in the second half of 2025, pending regulatory approvals [1][2]. Company Overview - Old Point Financial Corporation (NASDAQ: OPOF) is the parent company of Old Point National Bank and Old Point Wealth Management, serving the Hampton Roads and Richmond regions of Virginia [3]. - Old Point National Bank is a community bank offering a variety of financial services, including checking, insurance, mortgage products, and commercial lending [3]. - Old Point Wealth Management is the largest wealth management provider in Hampton Roads, focusing on local asset management [3]. Merger Details - The merger is seen as a strategic partnership that will enhance value for shareholders and support community growth [2]. - The completion of the merger is subject to customary closing conditions, including regulatory approvals [1].

Core Viewpoint - Lake Shore Bancorp, Inc. has received approval from stockholders and members for its conversion plan from a mutual holding company to a fully public stock holding company, along with the Bank's transition to a New York chartered commercial bank [1] Group 1: Company Overview - Lake Shore Federal Bancorp is the mid-tier holding company for Lake Shore Savings Bank, which is a federally chartered, community-oriented financial institution based in Dunkirk, New York [4] - The Bank operates ten full-service branch locations in Western New York, providing a wide range of retail and commercial lending and deposit services [4] - Lake Shore Federal Bancorp's common stock is traded on the NASDAQ Global Market under the ticker symbol "LSBK" [4] Group 2: Conversion and Reorganization - The special meetings held on July 1, 2025, resulted in the approval of the Amended and Restated Plan of Conversion and Reorganization [1] - The completion of the conversion and stock offering is contingent upon receiving final regulatory approvals and meeting customary closing conditions [2]

SAN JOSE, Calif., July 01, 2025 (GLOBE NEWSWIRE) -- Today, Tech CU (Technology Credit Union) announced the appointment of Jean Barbagelata to its Board of Directors, serving on both the Compensation Committee and the Nominating and Governance Committee. With more than 30 years of experience in senior leadership roles, Jean brings deep expertise in scaling technology companies, guiding organizational governance, and fostering inclusive, high-performance cultures. “We’re thrilled to welcome Jean to our Board ...

Group 1 - Civista Bancshares, Inc. will release its second quarter 2025 financial results on July 24, 2025, before market open [1] - A conference call and webcast will be held on the same day at 1:00 p.m. Eastern Time to discuss the financial results, with analysts invited to participate in the Q&A session [1][2] - Civista Bancshares, Inc. is a $4.1 billion financial holding company based in Sandusky, Ohio, with its primary subsidiary, Civista Bank, providing full-service banking and other financial services [3] Group 2 - Civista Bank operates 42 locations across Ohio, Southeastern Indiana, and Northern Kentucky, and offers commercial equipment leasing services nationwide [3] - The company's common shares are traded on the NASDAQ Capital Market under the symbol "CIVB" [3]

ST. LOUIS, June 26, 2025 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today reported selected operating results for May 31, 2025, in an effort to provide timely information to investors on certain key performance metrics. Due to the limited nature of this data, a consistent correlation to earnings should not be assumed. Ronald J. Kruszewski, Chairman and Chief Executive Officer, said, “In May, recruiting and market appreciation drove a 3% increase in total client assets and a 4% increase in fee-bas ...

Core Insights - Hanover Community Bank has opened its tenth branch in Port Jefferson, New York, marking a significant step in its strategic growth and commitment to serving the Long Island region [1][4] - The new branch offers a full range of commercial banking services and robust consumer banking services, catering to both businesses and individual consumers [2][4] Company Expansion - The Port Jefferson branch is strategically located to serve the thriving Suffolk County area and is Hanover Bank's second branch in this county [2][4] - This expansion is part of Hanover Bank's broader strategy to deliver tailored, community-focused financial support across Long Island and the New York metropolitan area [4] Services Offered - The new branch provides commercial lending, treasury management, cash flow solutions, checking and savings accounts, personal loans, and digital banking tools [2][4] - Hanover Bank emphasizes a relationship-focused banking approach, aiming to empower local residents and businesses while contributing to long-term economic development [3][4] Community Engagement - The bank is committed to hiring professionals from the communities it serves, reinforcing its dedication to understanding local needs [5] - A formal Grand Opening event will be held to engage with business leaders, residents, and community stakeholders [6] Company Background - Hanover Bancorp, Inc. is the holding company for Hanover Community Bank, which focuses on personalized and efficient banking services [7] - The bank offers a complete suite of financial products, including multi-family and commercial mortgages, residential loans, and business lines of credit [7]