Rhodium BA to acquire Sunnyside Bancorp for $15m.

Rhodium BA, a New York private equity firm, agreed to acquire Sunnyside Bancorp, a parent of Sunnyside Federal Savings and Loan Association, a federally chartered stock savings and loan association, for $15m. "Looking forward, we see a significant opportunity to grow and enhance Sunnyside by leveraging our team's extensive banking experience to strengthen Sunnyside's customer, financial and employee relationships," Mark Silber, Rhodium BA Managing Partner. The purchase price of $18.75 per share payable to Sunnyside's shareholders, represents a 25% premium to the common stock closing price of $15 as of April 19, 2021. Rhodium expects to close the transaction during the fourth quarter of 2021 or in the first quarter of 2022.