secwatch.observer — SEC 8-K summary
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Issuer:     Pathfinder Bancorp, Inc. (PBHC)
CIK:        0001609065
Form:       8-K
Filed at:   2024-07-22T23:59:59+00:00
Accession:  0000950170-24-085059
Event type: m_and_a
Sentiment:  positive
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pathfinder completes purchase of Berkshire Bank's East Syracuse branch; assumes $186M in deposits
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- Assumed approximately $186M in deposit liabilities and acquired $30M in loans from Berkshire Bank's East Syracuse branch.
- Branch conversion completed July 20-21, 2024; opened as Pathfinder branch on July 22.
- Six former Berkshire Bank employees, led by Kim Ciarpelli, transitioned to Pathfinder.
- Acquisition aligns with strategy to expand in Central New York region.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1609065/000095017024085059/0000950170-24-085059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1609065/000095017024085059/pbhc-20240722.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-085059

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