Hometown Financial completes acquisition of CFSB Bancorp

Hometown Financial completes acquisition of CFSB Bancorp

Hometown Financial Group has finalised its acquisition of CFSB Bancorp, the parent company of Colonial Federal Savings Bank.  In May this year, Hometown Financial signed an agreement to acquire CFSB Bancorp and its subsidiary for $14.25 per share in cash, totalling up to $44m.  With the completion of the deal, Colonial Federal’s branches will now operate under North Shore Bank, which is a part of Hometown Financial.  North Shore Bank’s total ass…