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Pathfinder Bancorp, Inc. Announces Completion of $20.8 Million Private Placement of Equity Capital

  • Posted: 05/9/2019
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OSWEGO, N.Y., May 09, 2019 (GLOBE NEWSWIRE) — Pathfinder Bancorp, Inc.  (“Pathfinder” or the “Company”) (NASDAQ: PBHC), the holding company for Pathfinder Bank (“Bank”), announced today that it has successfully closed a $20.8 million private placement of shares (“Shares”) of common stock and a newly issued series of convertible perpetual preferred stock (“Preferred Stock”) to local and institutional investors.  The CONTINUE READING >>

Citizens Bank & Trust and Summit Bank of Kansas City Announce Merger Plans

  • Posted: 05/8/2019
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Lee’s Summit, MO–Citizens Bank & Trust and Summit Bank of Kansas City today announced their merger agreement and submission of a related regulatory application. The announcement was made jointly by Richard L. Viar, president and chief executive officer of Summit Bank of Kansas City and Roger M. Arwood, chief executive officer of Citizens Bank & Trust. The merger agreement outlines CONTINUE READING >>

Summit Financial Group, Inc. Announces Sale of Summit Insurance Services

  • Posted: 05/3/2019
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MOOREFIELD, W. Va.–(GLOBE NEWSWIRE)–Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) today announces the sale of its insurance agency, Summit Insurance Services (“SIS”) to The Hilb Group (“THG”), effective May 1, 2019.  As result of the sale, Summit expects to record an estimated pre-tax gain of $2.06 million in its results of operations for second quarter 2019 and recognize an approximate $0.55 CONTINUE READING >>

Suncrest Bank Named to Top 100 Best Performing by S&P Global Market Intelligence

  • Posted: 04/9/2019
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SACRAMENTO, Calif. and VISALIA, Calif.–(PRNewswire)–Suncrest Bank (OTCQX: SBKK) today announced it has been named as one of S&P’s Global Market Intelligence Top 100 Best-Performing Community Banks for 2018 with assets less than $3 billion. Suncrest ranked 30th overall and 6th in the State of California. To compile the rankings S&P considers a set of performance criteria including; return on average tangible CONTINUE READING >>