Brief: Oconee Federal To Merge With Mutual Savings Bank

Oconee Federal Financial

20/07/2023 13:37

July 20 (Reuters) - Oconee Federal Financial Corp
 OFED.O :
    * OCONEE FEDERAL TO MERGE WITH MUTUAL SAVINGS BANK
    * OCONEE FEDERAL FINANCIAL CORP SAYS PROPOSED MERGER
EXPECTED TO
BE IMMEDIATELY ACCRETIVE TO COMPANY'S EARNINGS IN 2023
    * OCONEE FEDERAL FINANCIAL CORP - MERGER IS EXPECTED TO
INCREASE
COMPANY'S CONSOLIDATED ASSETS FROM $588 MILLION AT MARCH 31,
2023 TO $633 MILLION
    * OCONEE FEDERAL FINANCIAL CORP SAYS TRANSACTION IS EXPECTED
TO
CLOSE IN Q4 OF 2023 OR Q1 OF 2024

Source text for Eikon:  ID:nBwbVw81Ka 
Further company coverage:  OFED.O 

 ((Reuters.Briefs@thomsonreuters.com;))