Community Heritage Financial, Inc. (the "Company" or "CHF") (OTC PK: CMHF), the parent company of Middletown Valley Bank ("MVB" or the "Bank"), today announced the completion of a private offering of $12.1 million in aggregate principal amount of 6.75% Fixed-to-Floating Rate Subordinated Notes due 2034 (the "Notes"). The Company used the net proceeds of the offering, in addition to other internal funds, to fully redeem the Company's $15.0 million in aggregate principal amount of 5.75% Fixed-to-F
Community Heritage Financial, Inc. (the "Company" or "CHF") (OTC PK: CMHF), the parent company of Middletown Valley Bank ("MVB" or the "Bank"), reported net income of $2.0 million, or $0.70 per diluted share, for the third quarter of 2024. Third quarter 2024 results represented an increase of $605 thousand, or 42.0%, in comparison to the second quarter of 2024, and an increase of $681 thousand, or 49.9%, in comparison to the third quarter 2023. Net income for the nine months ended September 30,