RealPeopleGroup/E+ via Getty Images This feature has the latest news from the mutual bank conversion sector. As of March 25, five conversions were in the pipeline. Carteret, New Jersey-based URSB Bancorp Inc.'s ( URSB ) mutual-to-stock conversion offering priced at the supermax. The shares are expected to begin trading March 27. According to the prospectus, many of the one- to four-family, multifa...
RealPeopleGroup/E+ via Getty Images This feature has the latest news from the mutual bank conversion sector. As of March 25, five conversions were in the pipeline. Carteret, New Jersey-based URSB Bancorp Inc.'s ( URSB ) mutual-to-stock conversion offering priced at the supermax. The shares are expected to begin trading March 27. According to the prospectus, many of the one- to four-family, multifamily, commercial and industrial (C&I), and consumer loans at URSB Bancorp unit United Roosevelt Savings Bank have been purchased rather than originated internally. As of Sept. 30, 2025, the balance of purchased C&I loans from BHG Financial, formerly known as Bankers Healthcare Group LLC, was $35.3 million, or 12.5% of the bank's loan portfolio. United Roosevelt began buying C&I loans from BHG in early 2016. The bank also started buying participation interests in syndicated leveraged lending loans in November 2023 from BancAlliance Inc.; the balance of that exposure on Sept. 30, 2025, was $4.0 million. Additionally, United Roosevelt began purchasing consumer loans from BHG and Woodside Credit LLC in the second quarter of 2025 and from LendingClub Corp. ( LC ) in the first quarter of 2025. On March 13, CSB Financial Inc. ( CSB:PVT ), the proposed holding company for Bethel, Ohio-based Community Savings Bank, filed a registration statement for a mutual-to-stock conversion. Community Savings began buying consumer loans from BHG in the second quarter of 2024. The consumer loan portfolio, virtually all of which came from BHG, comprised 18.7% of the bank's total loans as of year-end 2025. In the filing, the bank said, "We intend to continue to purchase unsecured consumer loans." The bank also disclosed that it has purchased C&I loans from BHG and that the majority of its one- to four-family loans are secured by nonowner-occupied properties. Also on March 13, Poughkeepsie, New York-based Rhinebeck Bancorp Inc. ( RBKB ) filed a registration statement for a second-stage conversion. T...
The average one-year price target for Teleperformance SE (ENXTPA:TEP) has been revised to €91.86 / share. This is a decrease of 10.39% from the prior estimate of €102.51 dated February 21, 2026. The price target is an average of many targets provided by analys
The average one-year price target for Teleperformance SE (ENXTPA:TEP) has been revised to €91.86 / share. This is a decrease of 10.39% from the prior estimate of €102.51 dated February 21, 2026. The price target is an average of many targets provided by analys