PeoplesBank and Cornerstone Bank Announce Merger of Holding Companies [Yahoo! Finance]
Piper Sandler Companies (PIPR)
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Source: Yahoo! Finance
WORCESTER, Mass., June 20, 2024 BUSINESS WIRE )--Following a unanimous vote from their boards, PeoplesBank and Cornerstone Bank have announced that they have entered into a definitive agreement to combine their holding companies in a merger transaction. While the merger agreement between PeoplesBancorp, MHC and SSB Community Bancorp MHC will unify holding companies, both banks will continue operating under separate names and brands for the foreseeable future. After the completion of the merger, the new consolidated holding company for both banks will be PeoplesBancorp, MHC and have approximately $6 billion in assets. Thomas Senecal will remain as CEO and chairman and Todd Tallman will become president of the combined mutual holding company, PeoplesBancorp, MHC. Brian Canina will be the chief operating officer of the holding company and will remain president of PeoplesBank. Both institutions will benefit from the combined financial strength of two strong community banks coming tog
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PIPR
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PIPR
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- 6/10/24 - Form 4
- 6/10/24 - Form 4
- 6/10/24 - Form 4
- PIPR's page on the SEC website