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MCHENRY BANCORP INC - $MCHN STOCK NEWS

Welcome to our dedicated page for MCHENRY BANCORP news (Ticker: $MCHN), a resource for investors and traders seeking the latest updates and insights on MCHENRY BANCORP 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 MCHENRY BANCORP'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.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of MCHENRY BANCORP's position in the market.

News
Rhea-AI Summary
McHenry Bancorp, Inc. (MCHN) held a Special Shareholder Meeting to vote on the sale of assets and liabilities to Michigan State Federal Credit Union. The approval was granted, and the dissolution of the company is pending regulatory approvals for a late 1Q24 transaction.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.26%
Tags
none
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Rhea-AI Summary
Michigan State University Federal Credit Union (MSUFCU) has entered into a definitive agreement to acquire McHenry Savings Bank from McHenry Bancorp, Inc. The transaction will result in the combined institution having approximately $8.2 billion in assets, $6.3 billion in loans, and $6.7 billion in shares and deposits. McHenry Bancorp, Inc. shareholders are expected to receive approximately $39-$41 in cash for each share of common stock. The acquisition will help MSUFCU grow its presence in the Chicago market and diversify its assets. McHenry Savings Bank customers will have access to MSUFCU's product and service offerings. The transaction is anticipated to be completed in late Q1 2024, subject to regulatory approvals and other closing conditions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.02%
Tags
MCHENRY BANCORP INC

OTC:MCHN

MCHN Rankings

MCHN Stock Data

35.64M
16.77%
Commercial Banking
Finance and Insurance
Link
United States of America
Mchenry