Credit Services & Lending M&A » By The Online Investor Staff, updated Sun., Apr. 18, 4:36 AM
Recent mergers and acquisitions in the Credit Services & Lending M&A category.
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Slide #80. Kentucky First Federal Bancorp — CKF Bancorp, Inc.
Acquirer:
Kentucky First Federal Bancorp (NASDAQ:KFFB)
Acquiree:
CKF Bancorp, Inc.
Details:
Kentucky First Federal Bancorp, the holding company for First Federal Savings and Loan Association of Hazard and First Federal Savings Bank of Frankfort, announced today the completion of its acquisition of CKF Bancorp, Inc. ("CKF Bancorp"), the holding company for Central Kentucky Federal Savings Bank. As a result of the merger, CKF Bancorp was merged with and into Kentucky First, with Kentucky First as the surviving entity, and Central Kentucky Federal Savings Bank was merged with and into First Federal Savings Bank of Frankfort, with First Federal Savings Bank of Frankfort as the surviving entity.
Kentucky First Federal is a savings and loan holding company. Through its subsidiary, First Federal Savings and Loan Association of Hazard, Co. accepts deposits from the general public and uses such funds to originate, when available, loans secured by first mortgages on owner-occupied, residential real estate and occasionally other loans secured by real estate. Through its subsidiary, First Federal Savings Bank of Kentucky, Co. engages in the business of accepting deposits from the general public and originating adjustable-rate loans secured by first mortgages on owner-occupied and nonowner-occupied one- to four-family residences in Franklin, Boyle, Garrard and other counties in Kentucky.
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