Earnings summaries and quarterly performance for CFSB Bancorp, Inc. /MA/.
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CFSB Bancorp Completes Merger with Hometown Financial Group
CFSB
M&A
Delisting/Listing Issues
Management Change
- CFSB Bancorp, Inc. completed its merger with Hometown Financial Group, Inc. on October 31, 2025.
- Shareholders of CFSB Bancorp received $14.25 in cash for each share of common stock.
- As a result of the merger, CFSB Bancorp's common stock was delisted from Nasdaq on October 31, 2025, and its SEC reporting obligations are being suspended.
- All directors and executive officers of CFSB Bancorp ceased their positions upon the merger's consummation.
Nov 3, 2025, 12:27 PM
CFSB Bancorp Receives Regulatory Approvals for Merger
CFSB
M&A
- CFSB Bancorp, Inc. and Hometown Financial Group, Inc. have received the necessary regulatory approvals from the Board of Governors of the Federal Reserve System and the Massachusetts Division of Banks for their previously announced merger.
- The merger also includes Colonial Federal Savings Bank, a wholly owned subsidiary of CFSB Bancorp, merging with and into North Shore Bank, a wholly owned subsidiary of Hometown Financial.
- The companies anticipate closing the merger on October 31, 2025, subject to the satisfaction of customary closing conditions.
- CFSB Bancorp's shareholders approved the merger at a special meeting held on September 16, 2025.
Oct 22, 2025, 12:24 AM
CFSB Bancorp, Inc. Shareholders Approve Merger Proposal
CFSB
M&A
Proxy Vote Outcomes
- CFSB Bancorp, Inc. held a Special Meeting of Shareholders on September 16, 2025.
- Shareholders approved the Agreement and Plan of Merger, under which CFSB Bancorp, Inc. will merge with Merger Sub, becoming a wholly-owned subsidiary of Hometown Financial Group, Inc..
- Additionally, Colonial Federal Savings Bank will merge with and into North Shore Bank.
- The merger proposal was approved with 5,569,550 votes For, compared to 11,856 Against and 10,100 Abstain.
Sep 17, 2025, 10:34 PM
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