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A Maryland credit union's new venture promises to make enemies out of allies and attract a strange bedfellow — banks.
February 17 -
Investors Bancorp (ISBC) in Short Hills, N.J., is set to complete its purchase of Gateway Community Financial in Sewell, N.J., next week.
January 3 -
Investors Bancorp (ISBC) in Short Hills, N.J., plans to issue up to $2.5 billion of stock as part of its conversion from a mutual to a stock holding company.
December 20
Coastway Bancorp in Cranston, R.I., is planning to raise roughly $48.3 million in its conversion to a 100% stock-owned company.
The $383 million-asset thrift holding company said
Coastway's depositors have approved the conversion, which was announced in September. The transaction will close once the company receives final regulatory approval.
Coastway will also contribute about $1.2 million in stock and $300,000 in cash to a charitable foundation that it is establishing in connection with the conversion, it said.
Sandler O'Neill & Partners is the selling agent for the stock sale.