State of the Pipeline – January 2024

This feature has the latest news from the mutual bank conversion space. As of Jan. 31, no conversions were in the pipeline.

Needham, Mass.-based NB Bancorp Inc. began trading Dec. 28, 2023, closing up 37.7% from its $10 offering price. The standard deal priced at the high end of the offering range, raising $410.0 million in gross proceeds.

Download a template showing the conversion pipeline, the market performance of recent conversions, the valuations of mutual holding companies and a list of conversion candidates.

Other conversion features

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Other news stories about mutuals, mutual holding companies, recent conversions and activist investors

Minnesota-based Lake City Federal Bank, Wisconsin-based Forward Bank to merge

Kentucky First Federal Bancorp suspends quarterly cash dividend

New York-based Pioneer Bancorp sells $74.5M of available-for-sale securities

Illinois-based NSTS Bancorp repositions balance sheet

Eastern Bankshares projects elevated expenses through Q2 2024

Piedmont Financial completes acquisition of Wake Forest Bancshares

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