Pathfinder Bancorp Files 8-K

TL;DR

PBHC filed a standard 8-K on 7/22. No major news yet.

AI Summary

Pathfinder Bancorp, Inc. filed an 8-K on July 22, 2024, reporting other events and financial statements. The filing does not contain specific details about new transactions or financial results in the provided text, but indicates a standard regulatory update.

Why It Matters

This filing serves as a routine regulatory update for Pathfinder Bancorp, Inc., informing stakeholders about significant events or financial information as required by the SEC.

Risk Assessment

Risk Level: low — The filing is a routine 8-K, indicating standard corporate reporting rather than a specific event with immediate high risk.

Key Numbers

• 001-36695 — SEC File Number (Identifies the company's filing history with the SEC.)
• 38-3941859 — IRS Employer Identification Number (Company's tax identification number.)

Key Players & Entities

• Pathfinder Bancorp, Inc. (company) — Registrant
• July 22, 2024 (date) — Date of earliest event reported
• Maryland (jurisdiction) — State of incorporation
• 214 West First Street, Oswego, NY 13126 (address) — Principal Executive Office

FAQ

Key Financial Figures

• $0.01 — nge on which registered Common Stock, $0.01 par value PBHC The Nasdaq Stock Mar
• $186 million — chase, Pathfinder assumed approximately $186 million in deposit liabilities and acquired app
• $30 million — liabilities and acquired approximately $30 million in loans. The purchase was finalized fo

Filing Documents

• pbhc-20240722.htm (8-K) — 44KB
• pbhc-ex99_1.htm (EX-99.1) — 14KB
• img236364519_0.jpg (GRAPHIC) — 24KB
• 0000950170-24-085059.txt ( ) — 232KB
• pbhc-20240722.xsd (EX-101.SCH) — 29KB
• pbhc-20240722_htm.xml (XML) — 4KB

01 – Other Events

Item 8.01 – Other Events On July 22, 2024, Pathfinder Bancorp, Inc. ("the Company") announced that Pathfinder Bank ("Pathfinder"), the wholly owned subsidiary of the Company, had completed the previously announced purchase and assumption of the East Syracuse, New York branch of Berkshire Bank, the banking subsidiary of Berkshire Hills Bancorp, Inc. In connection with the purchase, Pathfinder assumed approximately $186 million in deposit liabilities and acquired approximately $30 million in loans. The purchase was finalized following the close of business on July 19, 2024, and the branch was converted to a Pathfinder branch during the weekend of July 20-21, 2024. The acquired branch opened as a Pathfinder branch on the morning of July 22, 2024. Also on July 22, 2024, the Company published a press release announcing completion of the acquisition. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.

01 – Financial Statements and Exhibits

Item 9.01 – Financial Statements and Exhibits (a) Not Applicable. (b) Not Applicable. (c) Not Applicable. (d) Exhibits. Exhibit No. Description 99.1 Press Release of Pathfinder Bank dated July 22, 2024

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. PATHFINDER BANCORP, INC. Date: July 22, 2024 By: /s/ James A. Dowd James A. Dowd President and Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR