Beacon Federal Bancorp, Inc. Sale of Texas Office to MidSouth Bancorp Finalized
05 Dicembre 2011 - 3:00PM
Beacon Federal Bancorp, Inc. (the "Company") (Nasdaq:BFED), the
holding company for Beacon Federal (the "Bank"), today announced
that the sale of their Tyler, Texas branch office to MidSouth
Bancorp ("MidSouth") has been finalized. Under the agreement
announced August 17, 2011, MidSouth purchased all deposits and
select assets associated with the Bank's Tyler
branch. Effective Monday, December 5, 2011, the Old Omen Rd.
branch will open as an office of MidSouth.
Beacon Federal ("the Bank"), a subsidiary of Beacon Federal
Bancorp, Inc., provides a full array of banking products and
services to both individuals and commercial customers. The
Bank is headquartered with a full-service branch in East Syracuse,
New York, along with six other full-service branches in East
Syracuse, Marcy and Rome, New York, Smartt and Smyrna, Tennessee,
and Chelmsford, Massachusetts. The Company's stock is traded
on the NASDAQ Global Market under the symbol "BFED." For more
information about Beacon Federal, visit www.beaconfederal.com.
CONTACT: Ross J. Prossner
President and Chief Executive Officer
Beacon Federal Bancorp, Inc.
6611 Manlius Center Road
East Syracuse, NY 13057
(315) 433-0111 x 1515
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