On July 14, 2021, Mineola Community Mutual Holding Company, Mineola, Texas, completed its conversion from the mutual holding company to the stock holding company form of organization. Concurrently with the conversion, Texas Community Bancshares, Inc. (the “Company”), the newly formed holding company for Mineola Community Bank, S.S.B., completed its initial public offering. The Company sold… Read more »
Posts By: Elizabeth Cook
Luse Gorman is Legal Counsel to Riverview Financial Corporation in its Proposed Merger with Mid Penn Bancorp, Inc.
On June 30, 2021, Riverview Financial Corporation, Harrisburg, Pennsylvania, announced the signing of a definitive merger agreement with Mid Penn Bancorp, Inc., Millersburg, Pennsylvania, pursuant to which Riverview Financial Corporation will merge with and into Mid Penn Bancorp, Inc. in an all-stock transaction valued at approximately $124.7 million. Riverview Financial Corporation is the holding company… Read more »
Luse Gorman Served as Legal Counsel to Bancorp 34, Inc. in its $25.0 Million Subordinated Debt Issuance
On June 29, 2021, Bancorp 34, Inc., Alamogordo, New Mexico, the holding company for Bank 34, completed a private placement of $25.0 million of its 4.00% Fixed-to-Floating Rate Subordinated Notes due 2031. The notes are intended to qualify as Tier 2 capital for regulatory purposes. Luse Gorman served as legal counsel to Bancorp 34, Inc. in the… Read more »
Luse Gorman is Legal Counsel to Community Bank in its Proposed Sale of Branches to Citizens Bank of West Virginia, Inc.
On June 10, 2021, Community Bank, Carmichaels, Pennsylvania, entered into an agreement to sell two branch operations located in West Virginia to Citizens Bank of West Virginia, Inc., Elkins, West Virginia, subject to regulatory approvals and other customary closing conditions. As of May 31, 2021, the related deposits totaled approximately $102 million and will be… Read more »
Potential E-Mail Scam Regarding Insider Trading Claim
We have become aware of a potential scam in which an e-mail is being sent by an anonymous employee to a company’s Ethics Committee identifying a potential insider trading violation by the employee’s superior at the company. This e-mail has been received by several clients through their whistleblower procedures. Please note that we believe this… Read more »