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Bogota Savings Bank and GSL Savings Bank to Merge

GlobeNewswire Inc.·
Bogota Savings Bank and GSL Savings Bank to Merge

Bogota Financial Corp. announced the execution of a merger agreement with GSL Savings Bank, expected to increase consolidated assets from $877.2 million to approximately $1.0 billion. The merger is anticipated to close in the second half of 2026 and is projected to be accretive to earnings per share and tangible book value. Frank Giancola, GSL's CEO, will become Executive Vice President and Chief Operating Officer of Bogota.

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