Rhodium BA Holdings-Sunnyside Bancorp deal receives regulatory approvals

Rhodium BA Holdings LLC's proposed acquisition of Irvington, N.Y.-based Sunnyside Bancorp Inc. and its subsidiary, Sunnyside Federal Savings and Loan Association of Irvington, has received all the necessary regulatory approvals.

Sunnyside Bancorp's shareholders approved the transaction at a special meeting of shareholders held Nov. 10, 2021.

The acquisition is expected to be completed no later than May 31. Upon closing of the deal, each share of Sunnyside Bancorp's issued and outstanding common stock will be exchanged for $20.25 in cash.