Targeted Lending Co., LLC Agrees to Be Acquired by Pioneer Bancorp, Inc.; Multi-Bank Securities, Inc. Serves as Sole Financial Advisor in Sale

Multi-Bank Securities, Inc. is pleased to announce the sale of Targeted Lending Co., LLC (“Targeted” or the “Company”) to Pioneer Bancorp, Inc. (“Pioneer”) (NASDAQ: PBFS), headquartered in Albany, NY, and the holding company for Pioneer Bank, National Association. The all-cash transaction is subject to potential adjustments for a performance-based earn-out over a three-year period. Full Story