TF
Financial Corporation THRD, the parent company of 3^rd Fed Bank, and
Roebling Financial Corp, Inc., RBLG the parent company of Roebling
Bank, jointly announced the execution of a definitive merger agreement under
which TF Financial is to acquire Roebling Financial for approximately $14.5
million in TF stock and cash, or approximately $8.60 per share.
The strategic merger will combine two holding companies and subsidiary banks
with strong histories of supporting their respective communities, expands 3^rd
Fed Bank's New Jersey footprint, and improves product and service offerings to
Roebling Bank customers. The resulting combined company will have over $850
million in total assets, $640 million in total loans, and $660 million in
total deposits and 19 locations to serve customers in a five county contiguous
market area.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in