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MUNCY COLUMBIA FNCL - $CCFN STOCK NEWS

Welcome to our dedicated page for MUNCY COLUMBIA FNCL news (Ticker: $CCFN), a resource for investors and traders seeking the latest updates and insights on MUNCY COLUMBIA FNCL stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect MUNCY COLUMBIA FNCL's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary
Muncy Columbia Financial , parent company of Journey Bank, reported its unaudited financial statements for Q1 2024. Net income increased to $4,036,000 compared to $1,940,000 in Q1 2023. Earnings per share rose to $1.13 from $0.93. Return on assets and equity improved to 1.02% and 10.52%. Total assets decreased to $1,573,271,000. Loans receivable increased while available-for-sale debt securities decreased. Total deposits rose while short-term borrowings dropped. Non-performing assets increased to $7,328,000, mainly due to one real estate loan. The remains well capitalized with an equity to assets ratio of 9.84%.
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Muncy Columbia Financial Corporation (CCFN) has announced the approval for trading its common stock on OTC Markets Group Inc.'s OTCQX® Best Market, effective December 7, 2023. This move signifies an important milestone for community banks in the U.S. public markets, allowing for transparent trading and increased visibility for the company.
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Muncy Columbia Financial Corporation (CCFN) completes the merger with Muncy Bank Financial, Inc. and The Muncy Bank and Trust Company, changing its name to MCFC and First Columbia Bank's name to Journey Bank. The merger unites the traditions of both banks, creating more career opportunities, expanding the footprint, and providing enhanced products and services to customers. The combined company has total assets of approximately $1.6 billion, deposits of approximately $1.23 billion, and loans of approximately $1 billion, serving individuals, families, nonprofits, and business clients in multiple counties through 22 banking offices and online at www.journeybank.com. The executive leadership team includes Lance Diehl, Robert J. Glunk, Jeffrey T. Arnold, Joseph O'Neill, Tammy L. Gunsallus, Paul Page, Jeffrey Whitenight, and Kevin Weinhoffer. Former MBF shareholders will receive 0.9259 shares of MCFC common stock for each share they own and cash in lieu of fractional shares, resulting in approximately 1.49 million shares of MCFC common stock and cash in lieu of fractional shares.
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CCFNB and MBF shareholders approve merger, creating a leading community banking franchise in central Pennsylvania.
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CCFNB and Muncy receive regulatory approvals for merger; expect to close on November 11, 2023.
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MUNCY COLUMBIA FNCL

OTC:CCFN

CCFN Rankings

CCFN Stock Data

107.11M
3.17M
7.53%
Commercial Banking
Finance and Insurance
Link
United States of America
Bloomsburg

About CCFN

community bank