A 35% return

Rosedale Federal Savings & Loan Association ("Rosedale Federal") and CBM Bancorp, Inc. ("CBM Bancorp") (OTCMKTS- "CBMB") jointly announced the signing of a definitive merger agreement pursuant to which Rosedale Federal will acquire CBM Bancorp, the Baltimore, Maryland, based holding company and parent of Chesapeake Bank of Maryland, in an all-cash transaction for an aggregate purchase price of $64.4 million.

Under the terms of the merger agreement, which has been approved unanimously by the boards of directors of both entities, stockholders of CBM Bancorp will be entitled to receive $17.75 in cash for each share of CBM Bancorp common stock they own.

"This is a very exciting time for Rosedale Federal as this transaction will provide immediate additional size and scale, along with a larger footprint for additional growth opportunities," said Kevin Benson, President and CEO of Rosedale Federal. "Evaluating opportunities in our marketplace has been part of our strategic plan for some time; now we have the opportunity to seize on an interesting time for local banks. The acquisition of CBM Bancorp truly makes sense when we look at how our businesses align on mortgage lending and deposits, along with branch locations that allow us to provide a strong financial benefit to our customers."

Joseph Solomon, President of CBM Bancorp, said, "With local banking consolidation continuing and the additional headwinds facing our industry, we felt it was the right time for us to consider a partner. Rosedale Federal offers the scope of services, the community commitment, and the size that will provide the kind of community banking experience our customers expect. We both have a rich history in the Baltimore area and are excited to become a part of the Rosedale Federal family."

The transaction will expand Rosedale Federal's footprint in Maryland ...

This month Elmira Savings Bank announces that the Shareholders of Elmira Savings Bank, at its voted to approve the proposed merger of Elmira with Community Bank (CBU). We hate to see the stock go but its time to go ahead ...

This month Elmira Savings Bank announces that the Shareholders of Elmira Savings Bank, at its voted to approve the proposed merger of Elmira with Community Bank (CBU). We hate to see the stock go but its time to go ahead ...

Shares of Select Bancorp (SLCT) are up 15% this week and now trade well above the original takeover offer from First Bancorp (FBNC). We sold the stock at $20.45 for our 62nd consecutive closed winning trade

Although this is a dividend-based portfolio this is our fourth takeover of the year for a 20% takeover rate so far. If you aren't using this strategy, you do not like money.

Community Bank System, Inc. (“Community Bank System”) (NYSE: ...

Sugar Creek Financial Corp., the holding company for Tempo Bank in Clinton County, and Scott Credit Union jointly announced today that Sugar Creek, Tempo Bank and Scott Credit Union have signed an agreement whereby Scott Credit Union will purchase substantially ...

I heard it again this morning. Paying attention to valuation doesn't matter anymore. There is so much cash and so many new traders in the markets. The stock market is just going to keep going higher for the foreseeable future. ...

Columbia Banking System, Inc. (NASDAQ: COLB, “Columbia”), the holding company for Columbia State Bank, and Bank of Commerce Holdings (NASDAQ: BOCH, “Bank of Commerce”), the holding company for Merchants Bank of Commerce, today announced the signing of a definitive agreement ...

GRAND RAPIDS, Mich. and TAMPA, Fla., June 16, 2021 /PRNewswire/ -- The Boards of Directors of Lake Michigan Credit Union ("LMCU") and Pilot Bancshares, Inc, (OTCQX: PLBN), the holding company for Tampa-based Pilot Bank and National Aircraft ...

GRAND RAPIDS, Mich. and TAMPA, Fla., June 16, 2021 /PRNewswire/ -- The Boards of Directors of Lake Michigan Credit Union ("LMCU") and Pilot Bancshares, Inc, (OTCQX: PLBN), the holding company for Tampa-based Pilot Bank and National Aircraft ...

First Bancorp (Nasdaq: FBNC), the parent company of First Bank, and Select Bancorp, Inc. ("Select") (Nasdaq: SLCT), the parent company of Select Bank and Trust Company ("Select Bank"), announced today the signing of a definitive merger agreement under which First ...

This week I am returning to the idea of shareholder yield. Last time we talked about combing high shareholder yields combined with insider buying. One of three picks, Mannatech (MTEX), announced a tender offer this morning, and the stock has ...