Home Federal Bancorp completes acquisition of Northwest Bancshares for $10.2M cash

Home Federal Bancorp, Inc. of Louisiana

Acquisition of NWB completed Feb 1, 2023; NWB shareholders receive $128.16/share cash, total consideration ~$10.2 million.
FNBB merged with Home Federal Bank; John Batson named SVP and Benton Market Manager.
Combined company has ~$661M assets, $481M loans, $585M deposits.
Home Federal plans to operate FNBB branch as a division through May 2023.

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