Bogota Financial agrees to acquire GSL Savings Bank in $123M deal
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Bogota Savings Bank and GSL Savings Bank to Merge
June 1, 2026 9:00 AM EDTTEANECK, N.J. and GUTTENBERG, N.J., June 01, 2026 (GLOBE NEWSWIRE) -- Bogota Financial Corp. (Bogota Financial) (Nasdaq: BSBK), the holding company for Bogota Savings Bank (Bogota), and GSL Savings Bank (GSL) today announced the execution of a merger agreement pursuant to which GSL will merge with and into Bogota. The merger is expected to increase Bogota Financials consolidated assets from approximately $877.2 million at March 31, 2026 to approximately $1.0 billion.
At the effective time of the merger, Frank Giancola, President and Chief Executive Officer of GSL, will become the Executive Vice President... More
