Hometown Financial Group to Acquire CFSB Bancorp and Colonial Federal Savings Bank
November 1, 2025
Hometown Financial Group, Inc. entered into a definitive merger agreement to acquire CFSB Bancorp, Inc., the holding company for Colonial Federal Savings Bank. The deal, valued at about $44 million, is expected to close in Q4 2025, and Colonial Federal branches will be integrated into North Shore Bank.
- Buyers
- Hometown Financial Group, Inc.
- Targets
- CFSB Bancorp, Inc., Colonial Federal Savings Bank
- Industry
- Financial Services
- Location
- Massachusetts, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
North Shore Bank and Hometown Financial Group Complete Merger with Abington Bank
September 23, 2024
Financial Services
Hometown Financial Group and North Shore Bank completed the merger of Abington Bank into North Shore Bank, creating a combined community-bank franchise with more than $3 billion in assets and 25 branches across eastern Massachusetts and southern New Hampshire. The transaction consolidates Abington Bank as a division of North Shore Bank, expands Hometown Financial Group's scale and branch network, and enables enhanced digital banking, mortgage capability, and lending capacity.
-
Citizens Financial Group Acquires 80 HSBC East Coast Branches and National Online Deposit Business
February 22, 2022
Financial Services
Citizens Financial Group has closed its acquisition of 80 East Coast branches and the national online deposit business from HSBC Bank U.S.A., N.A., adding more than 800,000 customer accounts and rebranding the branches as Citizens. The deal expands Citizens' physical presence in the New York City metro, Mid-Atlantic and Southeast Florida markets and brings more than 500 former HSBC employees to Citizens as part of the conversion.
-
FirstSun Capital Bancorp Merges with HomeStreet in $175 Million Equity-Raised Deal
January 16, 2024
Financial Services
FirstSun Capital Bancorp (holding company of Sunflower Bank) and HomeStreet (holding company of HomeStreet Bank) entered into a definitive all-stock merger agreement. The combined entity is expected to be listed on NASDAQ upon closing, creating a regional bank with approximately $17 billion in total assets and 129 branch locations.
-
Brookline Bancorp Acquires PCSB Financial Corporation
January 1, 2023
Financial Services
Brookline Bancorp, Inc. completed its acquisition of PCSB Financial Corporation effective January 1, 2023, following receipt of required regulatory approvals. The deal adds PCSB Bank's 15 branches in the Lower Hudson Valley to Brookline's footprint and expands Brookline's retail and commercial banking presence in New York.
-
HBT Financial Completes Merger with CNB Bank Shares, Inc.
March 2, 2026
Financial Services
HBT Financial, Inc. completed its merger with CNB Bank Shares, Inc., the holding company for CNB Bank. Following the transaction, CNB became a wholly-owned subsidiary of HBT, and CNB Bank merged into HBT’s subsidiary Heartland Bank. The combined organization expands HBT Financial’s footprint across central Illinois and the Chicago and St. Louis metro areas.
-
Colony Bankcorp to Acquire TC Bancshares in $86.1 Million Merger
July 23, 2025
Financial Services
Colony Bankcorp, Inc. (NYSE: CBAN) announced it has signed a definitive merger agreement to acquire 100% of TC Bancshares, Inc. (OTCQX: TCBC) in a combined stock-and-cash transaction valued at approximately $86.1 million. The deal is expected to create a stronger community banking franchise with expanded capabilities and long-term growth in key Georgia and Florida markets, and is expected to close in Q4 2025 subject to regulatory and shareholder approvals.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.