Some analysts and investors are criticizing an upstate New York thrift's proposed acquisition of eight First Nationwide Bank branches, just as officials are pitching a public offering to investors.

Several investment bankers are calling the 50% dilution from the deal devastating for MSB Bancorp's shareholders. As a result, they're questioning whether the Goshen-based thrift will be able to complete the offering successfully.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.