Kilpatrick Townsend & Stockton

Central Plains Bancshares, Inc. Announces Expected Closing Date of Initial Public Offering

Retrieved on:

Monday, October 16, 2023

Banking, Professional Services, Finance, Transfer, PC, Kilpatrick Townsend & Stockton, Bank, Security (finance)

The Company’s common stock is expected to begin trading on the Nasdaq Capital Market under the symbol “CPBI” beginning on October 20, 2023.

Key Points:

The Company’s common stock is expected to begin trading on the Nasdaq Capital Market under the symbol “CPBI” beginning on October 20, 2023.
Gross offering proceeds (before deducting offering expenses) are expected to total approximately $41.3 million based on the offering price of $10.00 per share.
Keefe, Bruyette & Woods, Inc., A Stifel Company acted as marketing agent for the Company in connection with the stock offering.
Kilpatrick Townsend & Stockton LLP served as legal counsel to Keefe, Bruyette & Woods, Inc. in connection with the stock offering.

Gouverneur Bancorp, Inc. Announces Commencement of Second-Step Conversion Stock Offering

Retrieved on:

Thursday, August 24, 2023

OTC Markets Group, P.C, LLP, Kilpatrick Townsend & Stockton, MHC, Sale, Bank, Security (finance)

Gouverneur Bancorp, Inc. and the MHC have received all requisite regulatory approvals and authorizations to commence the stock offering.

Key Points:

Gouverneur Bancorp, Inc. and the MHC have received all requisite regulatory approvals and authorizations to commence the stock offering.
Gouverneur Bancorp, Inc. is offering for sale, on a best efforts basis, up to 977,500 shares of its common stock at a purchase price of $10.00 per share.
All questions concerning the conversion and stock offering or requests for stock offering materials should be directed to the Stock Information Center at (877) 643-8198 (toll-free).
Gouverneur Bancorp, Inc. must sell at least 722,500 shares of its common stock in the stock offering in order to complete the conversion and stock offering.

RaceTrac, Inc. – Georgia’s Second Largest Privately Held Company – Agrees to Acquire Gulf Oil LLC

Retrieved on:

Wednesday, July 5, 2023

View the full release here: https://www.businesswire.com/news/home/20230705416890/en/

Key Points:

View the full release here: https://www.businesswire.com/news/home/20230705416890/en/
This acquisition reflects RaceTrac’s ongoing strategy to accelerate growth in its core business activities and drive enhanced operating efficiencies.
AJ Siccardi, President of Metroplex Energy, said, “The gasoline marketplace is undergoing historic and fundamental change and will continue to evolve rapidly.
“Gulf is a trusted national brand that has been innovating and evolving for over 100 years, combining quality petroleum products with outstanding service.
Barclays served as exclusive financial advisor to Gulf Oil L.P. Latham & Watkins LLP served as its legal advisor.

Piedmont Financial Holding Company and Wake Forest Bancshares, Inc. Announce Combination of Two 100+ Year Old North Carolina Banking Institutions

Retrieved on:

Wednesday, June 28, 2023

Heart, OTC Markets Group, Partnership, WAKE, Kilpatrick Townsend & Stockton, Triad, PC, Acquisition, Investment, Trustee, Forest, News, Bank

WINSTON-SALEM, N.C. and WAKE FOREST, N.C., June 27, 2023 (GLOBE NEWSWIRE) -- Piedmont Financial Holding Company, the parent company of Piedmont Federal Savings Bank (“Piedmont Federal”), has announced an agreement to acquire Wake Forest Bancshares, Inc. (OTC Pink: WAKE), the parent company of Wake Forest Federal Savings and Loan Association (“Wake Forest Federal”).

Key Points:

WINSTON-SALEM, N.C. and WAKE FOREST, N.C., June 27, 2023 (GLOBE NEWSWIRE) -- Piedmont Financial Holding Company, the parent company of Piedmont Federal Savings Bank (“Piedmont Federal”), has announced an agreement to acquire Wake Forest Bancshares, Inc. (OTC Pink: WAKE), the parent company of Wake Forest Federal Savings and Loan Association (“Wake Forest Federal”).
Its merger with Wake Forest Federal, founded in 1922, will extend its deposit client base to include Wake Forest Federal’s office located in the heart of Wake Forest, NC.
Wake Forest Federal will be merged into Piedmont Federal, while Wake Forest Bancshares and Wake Forest Bancorp, M.H.C.
Wake Forest Federal’s branch office will continue to operate as “Wake Forest Federal, a division of Piedmont Federal,” for the foreseeable future.

Compass Health Announces 2023 Board of Directors, Local Leaders Poised to Support Innovation and Access to Care

Retrieved on:

Wednesday, June 7, 2023

General Health, Mental Health, Other Health, Health, Managed Care, Pacific Northwest, Cambia Health Solutions, Kilpatrick Townsend & Stockton, Microsoft, Heritage Bank, Preston, Compass, Mental health, Beneficial State Bank, Management, Nursing, Northwest (Washington, D.C.)

The nonprofit community behavioral health provider also welcomed Hillary Preston as secretary and Laura Padley as a returning board member.

Key Points:

The nonprofit community behavioral health provider also welcomed Hillary Preston as secretary and Laura Padley as a returning board member.
De Soto, who has had a long tenure on the Compass Health board, currently serves as partner and search practice leader at CFO Selections.
“Welcoming Alex as board chair brings me great joy,” said Tom Sebastian, Compass Health president and CEO.
Ivory, who joined the Compass Health board in 2021, is an associate attorney at Kilpatrick Townsend, specializing in complex commercial litigation.

Gouverneur Bancorp, Inc. Announces Adoption of Plan of Conversion and Reorganization

Retrieved on:

Monday, May 22, 2023

OTC Markets Group, Financial services, Kilpatrick Townsend & Stockton, Conversion, Calendar, Structure of the Federal Reserve System, MHC, Person, New York State Department of Financial Services, Prospectus, Bloomberg L.P. v. Board of Governors of the Federal Reserve System, Bank, Federal Reserve, Security (finance)

GOUVERNEUR, N.Y., May 22, 2023 (GLOBE NEWSWIRE) -- Gouverneur Bancorp, Inc. (the “Company”) (OTC Pink: GOVB), a majority owned subsidiary of Cambray Mutual Holding Company (the “MHC”) and the parent company for Gouverneur Savings and Loan Association (the “Bank”), announced today that its Board of Directors, together with the Board of Directors of the MHC and the Bank, have unanimously adopted a Plan of Conversion and Reorganization (the “Plan of Conversion”).

Key Points:

GOUVERNEUR, N.Y., May 22, 2023 (GLOBE NEWSWIRE) -- Gouverneur Bancorp, Inc. (the “Company”) (OTC Pink: GOVB), a majority owned subsidiary of Cambray Mutual Holding Company (the “MHC”) and the parent company for Gouverneur Savings and Loan Association (the “Bank”), announced today that its Board of Directors, together with the Board of Directors of the MHC and the Bank, have unanimously adopted a Plan of Conversion and Reorganization (the “Plan of Conversion”).
Pursuant to the Plan of Conversion, the MHC will sell its majority ownership in the Company to the public and the Bank, which is currently in the mutual holding company structure, will reorganize to a fully public stock holding company in a transaction commonly referred to as a “second step” conversion.
As part of the second step conversion, the Bank will become a wholly owned subsidiary of a new holding company to be formed in connection with the transaction.
Kilpatrick Townsend & Stockton LLP is serving as legal counsel to the MHC, the Company and the Bank.

CAB Worldwide LLC Announces Growth Investment

Retrieved on:

Wednesday, May 3, 2023

Nestell Kipp Anderson, Partnership, CAB, Kilpatrick Townsend & Stockton, Culture, BKS, Carr, Riggs & Ingram, PNC Financial Services, Steel, Quality, GZA, Iron, HR, Biophysical environment, Growth, Rail transport, Insurance

BUFORD, Ga., May 3, 2023 /PRNewswire/ -- CAB Worldwide LLC ("CAB" or the "Company"), a global engineering, manufacturing and supply chain management business that provides precision machined steel, iron and aluminum cast, forged and fabricated components and assemblies to original equipment manufacturers and distributors, is pleased to announce that it has successfully completed a growth recapitalization led by Heritage Growth Partners LLC ("Heritage Growth"), a private family investment office.

Key Points:

BUFORD, Ga., May 3, 2023 /PRNewswire/ -- CAB Worldwide LLC ("CAB" or the "Company"), a global engineering, manufacturing and supply chain management business that provides precision machined steel, iron and aluminum cast, forged and fabricated components and assemblies to original equipment manufacturers and distributors, is pleased to announce that it has successfully completed a growth recapitalization led by Heritage Growth Partners LLC ("Heritage Growth"), a private family investment office.
We are excited to enter this next phase of growth and work in partnership with Heritage Growth.
"We are excited to enter this next phase of growth and work in partnership with Heritage Growth."
Heritage Growth Managing Partner, Alex Mammen, who has joined the Board of CAB, added, "We look forward to working with Terri and the entire CAB team to help them reach their growth objectives and better serve their customers.

The Presidio Group Advises Flow Automotive Companies on Purchase of Eight Franchises in Charlottesville, Va., Market

Retrieved on:

Tuesday, April 18, 2023

The Presidio Group LLC (“Presidio”), an independent merchant banking firm focused on mergers and acquisitions, capital raising, and investments in the automotive retail and consumer mobility sectors, exclusively advised Flow Automotive Companies on the purchase of eight franchises in Charlottesville, Va., from Umansky Automotive Group.

Key Points:

The Presidio Group LLC (“Presidio”), an independent merchant banking firm focused on mergers and acquisitions, capital raising, and investments in the automotive retail and consumer mobility sectors, exclusively advised Flow Automotive Companies on the purchase of eight franchises in Charlottesville, Va., from Umansky Automotive Group.
Flow Automotive already operates Audi, BMW, Mazda, Porsche and Volkswagen dealerships in the Charlottesville market among the 53 franchises it now owns in North Carolina and Virginia.
“We love the Charlottesville market and knew – with the guiding hand of The Presidio Group – we could identify and execute our acquisition strategy while expanding our base in Virginia,” said Flow Automotive Chairman and CEO Don Flow.
The Presidio Group provided exclusive M&A advisory services to Flow Automotive through its wholly owned investment bank, Presidio Merchant Partners LLC.

PracticePro Forms Pre-Law Founding Circle of International Firms & Companies to Award Nine Pre-Law Diversity Scholarships

Retrieved on:

Wednesday, February 15, 2023

On March 10, 2023, PracticePro and the Founding Circle will hold an information session for pre-law students to share law school admissions advice and answer questions about the scholarship.

Key Points:

On March 10, 2023, PracticePro and the Founding Circle will hold an information session for pre-law students to share law school admissions advice and answer questions about the scholarship.
PracticePro was ultimately able to provide scholarships to three students representing Howard University, UC Riverside, and UT Austin.
The Founding Circle members have a long history of leadership in the diversity, equity, and inclusion space, including building PracticePro's other two DEI programs.
In addition to funding the Pre-Law Diversity Scholarships, the Founding Circle will play a pivotal role in mentoring scholars, identifying additional needs of pre-law students, and designing future programming to address those needs.

Shore Bancshares, Inc. and The Community Financial Corporation Announce Merger of Equals; Creates One of Maryland's Top Community Banks with Approximately $6 Billion in Assets

Retrieved on:

Wednesday, December 14, 2022

EASTON, Md. and WALDORF, Md. , Dec. 14, 2022 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) ("Shore"), the holding company of Shore United Bank, N.A. and The Community Financial Corporation (NASDAQ: TCFC) ("TCFC"), the holding company of Community Bank of the Chesapeake, today announced they have entered into a definitive agreement under which TCFC will merge with and into Shore in an all-stock transaction valued at approximately $254.4 million, or $44.71 per share of TCFC common stock, based on a closing price for Shore's common stock of $19.20 as of December 13, 2022. The transaction is expected to be over 40% accretive to Shore's EPS in 2024. The combined company will have total assets of approximately $6.0 billion on a pro forma basis as of the assumed closing date of June 30, 2023.

Key Points:

The combined company will have total assets of approximately $6.0 billion on a pro forma basis as of the assumed closing date of June 30, 2023.
We are bringing together two well-known financial services brands that focus on providing remarkable client experiences, helping individuals and businesses reach their financial goals.
The shareholders of Shore and TCFC should benefit from the pro forma profitability metrics that should continue to drive shareholder value.
He has proven that he is worthy of taking over as President and CEO of the combined company at closing.