---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-024286"
form_type: "8-K"
ticker: "STLE"
cik: "0000779227"
company_name: "STEELE BANCORP INC"
filed_at: "2025-08-01T23:59:59+00:00"
generated_at: "2026-05-17T22:00:03.097645+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-25-024286
- form_type: 8-K
- ticker: STLE
- cik: 0000779227
- company_name: STEELE BANCORP INC
- filed_at: 2025-08-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.01, 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/779227/000143774925024286/0001437749-25-024286-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/779227/000143774925024286/miff20250729_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-024286
- JSON: https://secwatch.observer/filing/0001437749-25-024286.json
- Plain text: https://secwatch.observer/filing/0001437749-25-024286.txt

## Key facts
- Governance Changes
  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
  source text: Mifflinburg amended its articles of incorporation to change its name to "Steele Bancorp, Inc."
  evidence_url: https://www.sec.gov/Archives/edgar/data/779227/000143774925024286/0001437749-25-024286-index.htm
- M&A Transactions
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/779227/000143774925024286/0001437749-25-024286-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.