Pathfinder Bancorp Inc. filed SEC Form 8-K: Other Events, Financial Statements and Exhibits
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Item 8.01 – Other Events
On July 22, 2024, Pathfinder Bancorp, Inc. (“the Company”) announced that Pathfinder Bank (“Pathfinder”), the wholly owned subsidiary of the Company, had completed the previously announced purchase and assumption of the East Syracuse, New York branch of Berkshire Bank, the banking subsidiary of Berkshire Hills Bancorp, Inc. In connection with the purchase, Pathfinder assumed approximately $186 million in deposit liabilities and acquired approximately $30 million in loans. The purchase was finalized following the close of business on July 19, 2024, and the branch was converted to a Pathfinder branch during the weekend of July 20-21, 2024. The acquired branch opened as a Pathfinder branch on the morning of July 22, 2024. Also on July 22, 2024, the Company published a press release announcing completion of the acquisition. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.
Item 9.01 – Financial Statements and Exhibits
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Not Applicable. |
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Not Applicable. |
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Exhibits. |
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Exhibit No. |
Description |
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99.1 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
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PATHFINDER BANCORP, INC. |
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Date: |
July 22, 2024 |
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By: |
/s/ James A. Dowd |
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James A. Dowd President and Chief Executive Officer |