secwatch.observer — SEC 8-K summary
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Issuer:     CONSUMERS BANCORP INC /OH/ (CBKM)
CIK:        0001006830
Form:       8-K
Filed at:   2021-07-22T23:59:59+00:00
Accession:  0001437749-21-017377
Event type: m_and_a
Sentiment:  positive
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Consumers Bancorp completes acquisition of two CFBank branches; adds $104M deposits
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- Acquired branches in Calcutta and Wellsville, Ohio; retained branch staff as employees.
- Consumers paid 1.75% deposit premium on average daily deposits and net book value for assets.
- Acquired $104M in deposits, $15M subordinated debt securities, $13M loans, and $7.7M loan participations.
- Expects to purchase an additional $7.3M in participation interests by December 31, 2021.
- Post-acquisition total assets ~$930M, total deposits ~$827M; branches to open July 19.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1006830/000143774921017377/0001437749-21-017377-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1006830/000143774921017377/cbkm20210722_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-21-017377

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