M&A
confidence high
sentiment neutral
materiality 0.65
Steele Bancorp files Northumberland financials for merger completion; net income $1.76M in 2024
STEELE BANCORP INC
- Northumberland net income $1.762M ($1.37 EPS) for 2024 vs $1.892M ($1.47 EPS) for 2023.
- Total assets $666.5M, deposits $583.3M, net loans $429.3M at Dec 31, 2024.
- Merger closed Aug 1, 2025; Steele Bancorp is survivng entity, renamed from Mifflinburg Bancorp.
- Unaudited financials for 6mo ended June 30, 2025 and pro forma combined statements also filed as exhibits.
- No changes to prior 8-K other than adding required financial statements of acquired company.