Bob Schwartz and John Bitar Represent New Jersey Bank in Merger and $27 Million Acquisition
Bob Schwartz (Partner, New Brunswick) and John Bitar (Associate, New Brunswick) represented Hilltop Community Bancorp, Inc., parent company of Hilltop Community Bank, in the execution of a Merger Agreement that provides for its acquisition by Haven Bancorp, Inc., parent company of Haven Savings Bank, for approximately $27 million.
Pursuant to the terms of the Merger Agreement, Hilltop Community Bancorp, Inc. will be merged with and into Haven Bancorp, Inc., with Haven Bancorp, Inc. surviving the merger. Immediately after the merger, Hilltop Community Bank will merge with and into Haven Savings Bank, with Haven Savings Bank surviving.
Stockhouse announced the deal in a press release.