logo
logo

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

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

06/02/22, 12:01 PM
Industry
real estate
financial services
food and beverage
financial services
health care
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.

Company Info

Company
Vecta Partners
Company info
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.