CFSB Bancorp Shares Soar Premarket on Deal to Be Acquired

Dow Jones

05/21

By Colin Kellaher

Shares of CFSB Bancorp surged in premarket trading Wednesday after the bank holding company agreed to be acquired at a rich premium.

CFSB late Tuesday said fellow bank holding company Hometown Financial Group has agreed to pay $14.25 a share in cash for CFSB, 74% above Tuesday's closing price of $8.19 for the Quincy, Mass., company.

The deal is slated to close by the end of the year.

CFSB shares were recently up nearly 68% to $13.72 in premarket trading.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

May 21, 2025 07:34 ET (11:34 GMT)

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