Today we published Volume 27 of The Bankers’ Bulletin, which provides our insights into key banking industry developments from February 2026, including: A federal court’s upholding of Illinois’ interchange fee prohibition law; The OCC’s proposal for a new bank appeals process; FinCEN’s exceptive relief from CDD Rule requirements; The FRB’s proposal to remove reputation risk… Read more »
Posts By: tames
Luse Gorman Served as Legal Counsel to IF Bancorp, Inc. in its Merger with ServBanc Holdco, Inc.
On March 12, 2026, IF Bancorp, Inc., the holding company for Iroquois Federal Savings and Loan Association, and ServBanc Holdco, Inc., the holding company for Servbank, National Association, completed their previously announced merger. IF Bancorp merged into ServBanc in an all-cash transaction valued at approximately $87.2 million. Luse Gorman served as legal counsel to IF… Read more »
Luse Gorman Served as Legal Counsel to Texans Credit Union in its Merger with Las Colinas Federal Credit Union
On February 28, 2026, Texans Credit Union, Richardson, Texas, completed its previously announced merger with Las Colinas Federal Credit Union, Irving, Texas. Following the completion of the merger, Texans Credit Union had over $2.4 billion in assets and served approximately 150,000 members across 14 branch locations. Luse Gorman served as legal counsel to Texans Credit… Read more »
Luse Gorman is Legal Counsel to Adirondack Bancorp, Inc. in its Proposed Merger with Arrow Financial Corporation
On February 25, 2026, Adirondack Bancorp, Inc. (“Adirondack”), the parent company for Adirondack Bank (“Adirondack Bank”), entered into an agreement and plan of merger (the “Agreement”) with Arrow Financial Corporation (“Arrow”), the parent company of Arrow Bank National Association (“Arrow Bank”) and Arrow Merger Sub, Inc. Pursuant to the Agreement, Arrow will be the surviving… Read more »
Luse Gorman Served as Legal Counsel to Frontier Credit Union in its Acquisition of First Citizens Bank of Butte
On February 1, 2026, Frontier Credit Union, Idaho Falls, Idaho, completed its purchase of substantially all assets and the assumption of substantially all liabilities of First Citizens Bank of Butte, Butte, Montana, the wholly-owned subsidiary of Butte Bank Shares, Inc. Following the completion of the transaction, Frontier Credit Union had approximately $775 million in assets… Read more »