Mifflinburg and Northumberland complete merger, creating Steele Bancorp with ~$1.34B in assets

STEELE BANCORP INC

Northumberland shareholders to receive 1.1850 Steele shares per share; aggregate ~1.55M shares issued.
Combined company: $1.34B assets, $1.16B deposits, $904M loans, 13 offices in four Pennsylvania counties.
J. Donald Steele Jr. named Chairman; Jeffrey Kapsar CEO; J. Todd Troxell Corporate Secretary with 3-year employment agreement ($296,750 salary).
Related-party Nottingham Loans ($9.6M total, $4.2M at Norry) classified as 'special mention'; management deems collectability risk not material.

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