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Bogota Financial Corp. To Acquire GSL Savings Bank; Financial Terms Undisclosed
Bogota Financial Corp. ("Bogota Financial") (Nasdaq: BSBK), the holding company for Bogota Savings Bank ("Bogota"), and GSL Savings Bank ("GSL") today announced the execution of a merger agreement pursuant to which GSL
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- Jun 1, 2026, 1:02 PM
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Bogota Savings Bank and GSL Savings Bank to Merge
Bogota Financial Corp. announced the execution of a merger agreement with GSL Savings Bank, expected to increase consolidated assets from $877.2 million to approximately $1.0 billion. The merger is anticipated to close in the second half of 2026 and is projected to be accretive to earnings per share and tangible book value. Frank Giancola, GSL's CEO, will become Executive Vice President and Chief Operating Officer of Bogota.
Read original at globenewswire-inc8-K filing — Bogota Financial Corp. (BSBK)
Filed: 2026-06-01 AccNo: 0001193125-26-250015 Size: 648 KB Item 1.01: Entry into a Material Definitive Agreement Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers Item 8.01: Other Events Item 9.01: Financial Statements and Exhibits
Read original at edgar