SI FINANCIAL GROUP, INC. (NASDAQ:SIFI) Files An 8-K Other Events
Item 8.01 Other Events.
wholly owned subsidiary of SI Financial Group, Inc., announced it
had entered into a definitive agreement to sell the Banks Trust
and Asset Management division to Plimoth Investment Advisors,
Plymouth, Massachusetts. For more information, reference is made
to the Banks press release dated March 21, 2017, a copy of which
is attached to this Report as Exhibit 99.1 and is furnished
herewith.
|
Number
|
Description
|
About SI FINANCIAL GROUP, INC. (NASDAQ:SIFI)
SI Financial Group, Inc. is a holding company for Savings Institute Bank and Trust Company (the Bank). The Bank operates as a community-oriented financial institution offering a range of financial services to consumers and businesses in its market area, including insurance, trust and investment services. The Bank accepts deposits from the general public and uses those funds to originate one- to four-family residential mortgage loans, multi-family and commercial real estate loans, commercial business loans, and construction and consumer loans. The Bank also purchases commercial business loans, including loans fully guaranteed by the Small Business Administration (SBA) and the United States Department of Agriculture (USDA). The Bank sells certain fixed-rate one- to four-family residential conforming loans it originates in the secondary market with the servicing retained. The remainder of the Bank’s loan portfolio is originated for investment. SI FINANCIAL GROUP, INC. (NASDAQ:SIFI) Recent Trading Information
SI FINANCIAL GROUP, INC. (NASDAQ:SIFI) closed its last trading session down -0.07 at 14.18 with 15,693 shares trading hands.
