Announced
Completed
Financials
Tags
Friendly
United States
Merger
Majority
Single Bidder
bank holding company
Completed
Acquisition
Public
Banks
Synopsis
Kearny Financial, the holding company for Kearny Bank, completed the merger with MSB Financial, the holding company for Millington Bank, a state chartered savings bank headquartered in Millington, New Jersey, in a $94m deal. "I am very pleased to announce our partnership with Millington Bank. We are two strong community banks with well over two combined centuries of rich history serving our clients and the surrounding communities. We welcome the Millington employees and clients and feel that our expanded product suite and focus on digital technologies will offer an opportunity to further grow the combined franchise which makes this a winning combination for all concerned," Craig L. Montanaro, Kearny President and CEO.
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