Credit Services & Lending M&A » By The Online Investor Staff, updated Fri., Apr. 19, 12:21 PM
Recent mergers and acquisitions in the Credit Services & Lending M&A category.
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Slide #86. 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, and CKF Bancorp, Inc, the holding company for Central Kentucky Federal Savings Bank, announced today that they had received final regulatory approval for the proposed merger announced November 3, 2011. The receipt of the approvals allows Kentucky First and CKF Bancorp to finalize plans to complete the merger whereby CKF Bancorp will be merged into Kentucky First and Central Kentucky Federal Savings Bank will be merged into First Federal Savings Bank of Frankfort. It is anticipated that details about the timeline for merger completion will be available in the next few days.
Kentucky First Federal is a holding company. Through its subsidiaries, Co. accepts deposits from the public and applies those funds to the origination of loans for residential and consumer purposes. Co.'s subsidiary, First Federal Savings and Loan Association of Hazard, a community-oriented savings and loan association, provides financial services to consumers in Perry and surrounding counties in eastern Kentucky. It engages primarily in the business of accepting deposits from the general public and using 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.
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