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Wake Forest Bancshares, Inc. - $WAKE STOCK NEWS

Welcome to our dedicated page for Wake Forest Bancshares news (Ticker: $WAKE), a resource for investors and traders seeking the latest updates and insights on Wake Forest Bancshares stock.

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Rhea-AI Summary
Piedmont Financial Holding Company (OTC Pink: PFHD) completes acquisition of Wake Forest Bancshares, Inc. (OTC Pink: WAKE), expanding its client base and community involvement. Minority shareholders received $34.34 per share, with Wake Forest Federal members gaining mutual rights in Piedmont Federal. The merger aims to provide a robust suite of products and customer service capabilities through a relationship-based community banking model.
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Piedmont Financial Holding Company (ticker symbol: PFHC) and Wake Forest Bancshares, Inc. (ticker symbol: WAKE) have announced the approval of their merger by Wake Forest Bancshares, Inc.’s shareholders. The merger includes the related merger of Wake Forest Federal into Piedmont Federal. Minority shareholders of Wake Forest Bancshares will receive $34.34 in cash for each publicly owned share. The transaction is expected to close on January 2, 2024.
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Piedmont Financial Holding Company has announced its agreement to acquire Wake Forest Bancshares, Inc. The merger will extend Piedmont Federal's deposit client base and include a cash payment of approximately $14.95 million. Wake Forest Federal will be merged into Piedmont Federal, and Wake Forest Federal's branch office will continue to operate as a division of Piedmont Federal. The transaction is expected to close in the fourth quarter of 2023.
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Wake Forest Bancshares, Inc.

OTC:WAKE

WAKE Rankings

WAKE Stock Data

7.52M
462.85k
Savings Institutions
Finance and Insurance
Link
United States
Wake Forest

About WAKE

wake forest bancshares, inc. operates as the holding company for wake forest federal savings & loan association that provides various banking products and services. it offers checking, savings, and money market accounts; and certificates of deposits and iras. the company's loan portfolio includes fixed mortgage loans, balloon mortgages, home equity loans, construction loans, commercial real estate mortgages, and commercial lines of credit, as well as loans secured by residential investment properties and land, and deposit loans. the company was founded in 1922 and is based in wake forest, north carolina.