m_and_aconfidence high
Brookfield Bancshares to acquire NSTS Bancorp for $73.7M cash, $14.28/share
NSTS Bancorp, Inc.
- All-cash deal valued at ~$73.7M; NSTS stockholders get $14.28 per share.
- Transaction expected to close in Q4 2026, subject to stockholder and regulatory approvals.
- North Shore Trust will continue operations under its existing name and charter as a Brookfield subsidiary.
- Stephen G. Lear to remain on North Shore's board after closing; one additional board member to be mutually agreed.
- Combined entity will have over $600M in assets and four branches in the Chicago MSA.
item 1.01item 7.01item 9.01
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