Banking & Savings M&A » By The Online Investor Staff, updated Sat., Apr. 20, 10:20 AM
Recent mergers and acquisitions in the Banking & Savings M&A category.
| This Slide: #64 of 100 |
Slide #64. Oconee Federal Financial Corp. — Stephens Federal Bank of Toccoa
Acquirer:
Oconee Federal Financial Corp. (OFED)
Acquiree:
Stephens Federal Bank of Toccoa
Details:
Oconee Federal Financial Corp. (NASDAQ:OFED) (the "Company") the holding company for Oconee Federal Savings and Loan Association ("Oconee Federal") and Stephens Federal Bank ("Stephens Federal"), a mutual savings bank, today announced the execution of a merger agreement pursuant to which Stephens Federal will merge with and into Oconee Federal. The acquisition will add Stephens Federal's offices in Toccoa and Clayton, Georgia to Oconee Federal's four branch network located in Oconee County, South Carolina. Stephens Federal's three offices will operate as branches of Oconee Federal Savings and Loan Association after the merger is completed.
Oconee Federal Financial is a savings and loan holding company. Through its subsidiary, Oconee Federal Savings and Loan Association, Co.'s principal business consists of accepting retail deposits from the general public in its market area and investing those deposits, together with funds generated from operations, in one-to-four family residential mortgage loans and, to a lesser extent, nonresidential mortgage, construction and land, agricultural and other loans. In addition, Co. provides a selection of deposit accounts, including demand accounts, NOW accounts, money market accounts, savings accounts, certificates of deposit and individual retirement accounts.
Open the OFED Page at The Online Investor »
|
|||||||||
Open the OFED Page at The Online Investor (in a new window) »
 Free OFED Email Alerts:
Get SEC Filing Alerts Get Dividend Alerts 
|
