---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-012285"
form_type: "8-K"
ticker: "PBFS"
cik: "0001769663"
company_name: "Pioneer Bancorp, Inc./MD"
filed_at: "2023-07-26T23:59:59+00:00"
generated_at: "2026-06-13T02:24:54.735391+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Pioneer acquires Hudson Financial; wealth management AUM surpasses $1B

## Summary
- Pioneer acquired Hudson Financial LLC, an independent advisory firm in Hudson, NY.
- Wealth management AUM increased from $30M in 2015 to over $1B after the deal.
- Hudson Financial contributes $225M in AUM; will operate as a subdivision of Pioneer Wealth Management.
- Hudson Financial retains employees, maintains its Hudson office, and continues using LPL Financial.
- CEO Tom Amell says acquisition accelerates 'More Than a Bank' strategy.

## SEC filing metadata
- accession: 0001558370-23-012285
- form_type: 8-K
- ticker: PBFS
- cik: 0001769663
- company_name: Pioneer Bancorp, Inc./MD
- filed_at: 2023-07-26T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1769663/000155837023012285/0001558370-23-012285-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1769663/000155837023012285/pbfs-20230717x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-012285
- JSON: https://secwatch.observer/filing/0001558370-23-012285.json
- Plain text: https://secwatch.observer/filing/0001558370-23-012285.txt

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