Hometown Financial Group to Acquire CFSB Bancorp

Hometown Financial seals deal to buy CFSB Bancorp

Hometown Financial Group has reached a deal to purchase CFSB Bancorp and its subsidiary, Colonial Federal Savings Bank, for approximately $44m.   The agreement stipulates that CFSB shareholders will receive $14.25 in cash for each share of common stock they hold.  The boards of directors of both entities have unanimously approved the merger, which is expected to conclude in the fourth quarter of 2025.   The completion of the deal is contingent o…

Hometown Financial Group to Acquire CFSB Bancorp

Hometown Financial Group, Inc. (“Hometown”), the holding company for bankESB, bankHometown, and North Shore Bank (including its Abington Bank division), and CFSB Bancorp, Inc. (NASDAQ Capital Market: CFSB), the holding company for Colonial Federal Savings Bank, jointly announced today that they have entered into a definitive merger agreement in which Hometown will acquire CFSB and its subsidiary Colonial Federal Savings Bank. Under the terms of …

Hometown Financial Group Buying Colonial Federal Savings Bank

North Shore Bank, part of Hometown Financial Group, will buy Quincy-based Colonial Federal Savings Bank in a $44 million deal.