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Announced

Completed

Kearny Financial completed the merger with MSB Financial in a $94m deal.

Financials

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Transaction Value£71m
Consideration TypeOrdinary Shares, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Friendly

United States

Merger

Majority

Single Bidder

bank holding company

Completed

Acquisition

Public

Banks

Synopsis

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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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