Bancorp 34, INC

Bancorp 34, Inc. held its 2024 Annual Meeting of Stockholders, where key proposals including the election of directors and ratification of the accounting firm were approved.

Bancorp 34, Inc. has finalized its merger with CBOA Financial, Inc., and filed an amended 8-K report including historical financials of CBOA and pro forma financial information.

Bancorp 34, Inc. has entered into a separation agreement with its former CEO, James Crotty, outlining the terms of his departure including severance payments, bonus payouts, and stock option vesting.

Bancorp 34, Inc. has announced the appointment of Ciaran McMullan as its new Chairman and CEO, following the resignation of James Crotty.

Bancorp 34, Inc. has finalized its merger with CBOA Financial, Inc., resulting in a combined entity with approximately $1 billion in assets.

Bancorp 34, Inc. reported a net loss for the fourth quarter of 2023, provided an update on its merger with CBOA Financial, Inc., and announced a proposed new brand.

Bancorp 34's third quarter results reflect the impact of the CBOA merger, showing increased net interest income and a preliminary bargain purchase gain.

Bancorp 34's second quarter results show a net income of $1.5 million, influenced by the recent merger with CBOA Financial, Inc., and a preliminary bargain purchase gain.

Bancorp 34's first quarter 2024 results reflect a net loss, primarily due to merger-related expenses and a provision for credit losses, alongside a preliminary bargain purchase gain from the CBOA acquisition.

Bancorp 34's 2024 financial results reflect a significant turnaround with a net income of $1.7 million, primarily driven by the merger with CBOA Financial, Inc.

Bancorp 34, Inc. released its annual 10-K filing, outlining its financial results for 2023 and providing updates on its pending merger with CBOA Financial, Inc.

Bancorp 34 and CBOA Financial are preparing for a core systems conversion and a name change to Southwest Heritage Bank (SWHB) following their anticipated merger.

Bancorp 34, Inc. and CBOA Financial, Inc. are merging and will rebrand as Southwest Heritage Bank, with the merger anticipated to close in March 2024.

Bancorp 34, Inc. and CBOA Financial, Inc. announce the combined bank will be rebranded as Southwest Heritage Bank on March 25, 2024, pending the merger's closure.