Announced
Financials
Tags
Single Bidder
Merger
Majority
Friendly
commercial banks
United States
Banks
Private
Pending
Acquisition
Domestic
Synopsis
Spencer Savings Bank, a full-service, mutually organized and operated, community bank, agreed to merge with Mariner’s Bank, a state chartered commercial bank. Financial terms were not disclosed. “This opportunity brings together two community focused companies. It enhances our business banking initiatives and facilitates our expansion into northern and eastern Bergen County. We are excited to welcome Mariner’s Bank team and customers and look forward to the opportunity to work with them," José B. Guerrero, Spencer Savings Bank Chairman & CEO.
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