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Vecta Partners Llc Announces The Completion Of Its Acquisition Of Sunnyside Bancorp, Inc.

PRIVATEJun 02, 2022

Acquiring Company

Vecta Partners

Acquired Company

Sunnyside Bancorp

Financial ServicesReal EstateFinancial ServicesHealth CareFood And Beverage

Description

Vecta Partners LLC, a New York-based private equity group, announced today the completion of its acquisition of Sunnyside Bancorp, Inc. (OTCBB: SNNY) ("Sunnyside Bancorp") and its wholly-owned subsidiary, Sunnyside Federal Savings and Loan Association of Irvington ("Sunnyside Federal"), effective as of June 1, 2022.

Quick answer

Vecta Partners is acquiring Sunnyside Bancorp, announced June 2, 2022.

How much did Vecta Partners pay for Sunnyside Bancorp?
The deal value was not disclosed.
What does Vecta Partners do?
Vecta Partners LLC, which prior to June 1, 2022 was known as Rhodium BA Holdings LLC, was formed by Mark Silber to purchase Sunnyside Bancorp.

Source: Fundz verified event record.

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Company Information

Company

Vecta Partners

About

Vecta Partners LLC, which prior to June 1, 2022 was known as Rhodium BA Holdings LLC, was formed by Mark Silber to purchase Sunnyside Bancorp. Mark Silber is a Managing Partner of Rhodium Asset Management and of Rhodium Capital Advisors, a New York-based fully integrated real estate investment firm with a primary focus on the preservation, acquisition, and management of affordable housing across the United States. Neither Rhodium Asset Management nor Rhodium Capital Advisors participated in the acquisition of Sunnyside Bancorp.

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Frequently asked

Who acquired Sunnyside Bancorp?

Sunnyside Bancorp was acquired by Vecta Partners. The deal was reported on June 2, 2022. Vecta Partners LLC, which prior to June 1, 2022 was known as Rhodium BA Holdings LLC, was formed by Mark Silber to purchase Sunnyside Bancorp. Vecta Partners is privately held and operates in Financial Services.

When did Vecta Partners acquire Sunnyside Bancorp?

Vecta Partners's acquisition of Sunnyside Bancorp was reported on June 2, 2022. Vecta Partners LLC, a New York-based private equity group, announced today the completion of its acquisition of Sunnyside Bancorp, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Sunnyside Bancorp do?

Sunnyside Bancorp, headquartered in Irvington, New York, is the parent of Sunnyside Federal, a federally chartered stock savings and loan association founded in 1930. It is privately held, operating in Financial Services.

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