secwatch.observer — SEC 8-K summary
======================================

Issuer:     Pathfinder Bancorp, Inc. (PBHC)
CIK:        0001609065
Form:       8-K
Filed at:   2024-06-13T23:59:59+00:00
Accession:  0000950170-24-072907
Event type: m_and_a
Sentiment:  positive
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pathfinder Bancorp gets OK for $198M deposit branch acquisition from Berkshire Bank
--------------------------------------------------------------------------------

- Received regulatory approvals from NY DFS and FDIC for Berkshire Bank East Syracuse branch.
- Acquisition includes approximately $198M in deposits and $32M in consumer/residential loans.
- Expects favorable IRR, EPS accretion, and reasonable tangible book value earn-back period.
- Closing expected in Q3 2024; branch will be converted to Pathfinder Bank operations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1609065/000095017024072907/0000950170-24-072907-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1609065/000095017024072907/pbhc-20240613.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-072907

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer