Local Investor Announces Intention to Commence Tender Offer for Sunnyside Bancorp, Inc. Because the Board is Ignoring Shareholders theusnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theusnews.com Daily Mail and Mail on Sunday newspapers.
A real estate company in South Florida has
agreed to buy Sunnyside Bancorp in Irvington, N.Y.
DLP Real Estate Capital said that DLP
Bancshares, an affiliate based in St. Augustine, Fla., would pay about $12.3
million in cash for the parent of the $96.6 million-asset Sunnyside Federal
Savings and Loan Association of Irvington. The deal is expected to close in the
fourth quarter.
Under the terms of the agreement, shareholders of Sunnyside Bancorp will receive $15.55 in cash per share, subject to adjustment as provided in the merger agreement. This transaction is subject to regulatory approval and approval by the Westchester bank’s shareholders. Upon closing, Fred Reinhardt will take the reins as President and CEO of Sunnyside Federal.
DLP Bancshares Inc., an affiliate of DLP Real Estate Capital, to Acquire Sunnyside Bancorp, Inc. prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
DLP Bancshares Inc., an affiliate of DLP Real Estate Capital, to Acquire Sunnyside Bancorp, Inc. prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.