STEELE BANCORP INC (STLE): M&A transaction — 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.

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

STEELE BANCORP INC: Mifflinburg amended its articles of incorporation to change its name to Steele Bancorp, Inc (effective 2025-08-01).

Change: charter amendment
Effective: 2025-08-01

Exact text from the filing

Mifflinburg amended its articles of incorporation to change its name to "Steele Bancorp, Inc."

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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

STEELE BANCORP INC completed an acquisition involving Northumberland Bancorp for 1.185 shares of Steele common stock (closed 2025-08-01).

Action: acquisition
Counterparty: Northumberland Bancorp
Consideration: 1.185 shares of Steele common stock
Closing: 2025-08-01

Exact text from the filing

its name to Central Penn Bank & Trust (“Central Penn”). Pursuant to the Merger Agreement, for each share of Northumberland common stock, Northumberland shareholders will receive 1.185 shares of Steele common stock and will receive cash in lieu of fractional shares. The total consideration payable to Northumberland shareholders is comprised of an aggregate of

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61 governance changes filed in the last 30 days. Browse all governance changes →

STEELE BANCORP INC filing history →

Source: SEC EDGAR

accession 0001437749-25-024286

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