{"schema_version":"secwatch.filing_event.v1","accession":"0000943374-23-000251","form_type":"8-K","ticker":null,"cik":"0001594555","company_name":"HV Bancorp, Inc.","filed_at":"2023-06-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.578141+00:00","generated_at":"2026-06-13T22:42:10.012760+00:00","sec_items":["2.01","3.03","5.01","5.03","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"HV Bancorp completes merger with Citizens Financial Services; shares converted to cash/stock","bullets":["Each HVBC share exchanged for $30.50 cash or 0.4040 CZFS shares; 80% stock/20% cash proration applied.","Total consideration: ~723,068 CZFS shares and ~$13.65M cash to HVBC shareholders.","Company common stock delisted from NASDAQ as of June 20, 2023; registration to be terminated.","HV Bancorp ceased to exist as a separate entity; CZFS is the surviving corporation."],"urls":{"canonical":"https://secwatch.observer/filing/0000943374-23-000251","json":"https://secwatch.observer/filing/0000943374-23-000251.json","markdown":"https://secwatch.observer/filing/0000943374-23-000251.md","text":"https://secwatch.observer/filing/0000943374-23-000251.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1594555/000094337423000251/0000943374-23-000251-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1594555/000094337423000251/form8k_061623.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T22:42:10.012760+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b9dee6867064be2a661dae85d4c4ab34e4a8bc93","claim":"HV Bancorp, Inc.: Company's articles of incorporation and bylaws ceased to be in effect due to merger; surviving entity's governing documents remain in effect.","evidence_excerpt":"As of the Effective Time, the articles of incorporation of the Company and the bylaws of the Company ceased to be in effect by operation of law.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1594555/000094337423000251/0000943374-23-000251-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"bylaw amendment"}],"fact_type":"governance_change"},{"claim_id":"da7bae352229a9af02e96826109b188a30ab1752","claim":"HV Bancorp, Inc. completed an acquisition involving Citizens Financial Services, Inc. for each share of Company common stock converted into the right to receive either $30.50 in cash or 0.4040 shares of CZFS common stock, with elections subject to pr (closed 2023-06-16).","evidence_excerpt":"time of the Merger (the “Effective Time”) , each share of Company common stock was converted into the right to receive, subject to the election of the holder, either (x) $30.50 in cash or (y) 0.4040 shares of CZFS common stock (as adjusted for a stock dividend), with cash payable in lieu of any fractional shares. Elections were subject to proration","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1594555/000094337423000251/0000943374-23-000251-index.htm","confidence":0.99,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Citizens Financial Services, Inc."},{"label":"Consideration","value":"each share of Company common stock converted into the right to receive either $30.50 in cash or 0.4040 shares of CZFS common stock, with elections subject to pr"},{"label":"Closing","value":"2023-06-16"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}