CFSB Bancorp Inc. has announced a new shareholder agreement in connection with its upcoming merger with Hometown Financial Group, Inc. As per the agreement, CFSB Bancorp will merge with and into Hometown, with Hometown as the surviving corporation. The agreement requires shareholders, who hold a significant number of shares and have voting power, to commit to the terms outlined in the merger agreement. The merger process involves multiple steps, including the merging of 15 Beach, MHC with Hometown Financial Group, MHC, and Hometown Financial Acquisition Corp. II with CFSB Bancorp. This agreement is a pivotal part of the merger process, ensuring shareholder cooperation and transparency in disclosures.
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