Bogota Financial Corp. to merge with GSL Savings Bank; assets expected to exceed $1B

Bogota Financial Corp.

Merger agreement signed; GSL Savings Bank to merge into Bogota Savings Bank; closing expected H2 2026.
Pro forma consolidated assets increase from ~$877.2M to ~$1.0B post-merger.
Frank Giancola (GSL CEO) to become EVP/COO of Bogota; employment agreement includes $250K base salary + bonus.
Transaction unanimously approved by all boards; subject to regulatory approvals.
Merger projected to be accretive to Bogota Financial's 2026 net income, EPS, and fully converted tangible book value.

item 1.01 item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Frank Giancola

Executive Vice President and Chief Operating Officer

BSBK · Bogota Financial Corp.

Filed: June 1, 2026, 9:12 AM ET

Mr. Giancola will become Executive Vice President and Chief Operating Officer of the Bank.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Frank Giancola was appointed as Executive Vice President and Chief Operating Officer at Bogota Financial Corp..

Action: appointed
Role: Executive Vice President and Chief Operating Officer

Exact text from the filing

Mr. Giancola will become Executive Vice President and Chief Operating Officer of the Bank.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Bogota Financial Corp. entered into Agreement and Plan of Merger with GSL Savings Bank (effective 2026-05-31).

Action: entry
Agreement: merger
Counterparty: GSL Savings Bank
Effective: 2026-05-31

Exact text from the filing

On May 31, 2026, Bogota Financial Corp. (the “Company”), the parent company of Bogota Savings Bank (the “Bank”), and Bogota Financial, MHC, the Company’s mutual holding company parent (the “MHC” and, together with the Company and the Bank, the “Bogota Entities”) entered into an Agreement and Plan of Merger (the “Merger Agreement”) with GSL Savings Bank, pursuant to which GSL Savings Bank will merge with and into the Bank, with the Bank as the surviving institution (the “Merger”).

View on SEC.gov

Browse all material agreements →

Bogota Financial Corp. filing history →

Source: SEC EDGAR

accession 0001193125-26-250015

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.