Wisconsin mutual North Shore Bank to acquire 1895 Bancorp for up to $103.8 million

M&A · Partnership
โดย American Banker·Read original
Summary · why it matters

Depositor-owned North Shore Bank has agreed to buy stock-traded 1895 Bancorp and its 130-year-old subsidiary PyraMax Bank in a deal valued at up to $103.8 million. North Shore will pay between $18.40 and $18.66 per share, deepening its footprint in southeastern Wisconsin and creating a combined institution with approximately $3.1 billion in assets. The acquisition comes about 16 months after 1895 hired Keefe Bruyette & Woods to explore strategic options, following its struggles as a public company after raising $57 million in two stock offerings. The Midwest has been the most active region for bank M&A, with 116 deals announced since the start of 2025, according to Seaport Research Partners analyst Laurie Hunsicker. The merger is expected to close in the fourth quarter.

Impact on stocks 1

Financials▲ · 1 stocks
1895 of Wisconsin Inc Bancorp
BCOW
▲ PositiveCapitalrelevance

1895 Bancorp is being acquired at a premium of $18.40-$18.66 per share, providing a positive exit for shareholders.

Off-coverage companies 3

PyraMax BankPrivate▲ Positive
Capitalrelevance

PyraMax Bank is the subsidiary being acquired, part of the deal that values the combined entity at $3.1 billion in assets.

Keefe, Bruyette & WoodsPrivate± Mixed
relevance

Seaport GlobalPrivate± Mixed
relevance

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