To our clients and friends: On September 27, 2024, the Securities and Exchange Commission (the “SEC”) adopted a Final Rule that made changes to the SEC’s Electronic Data Gathering, Analysis, and Retrieval (“EDGAR”) system filer access and account management. The updated system is known as “EDGAR Next” and reflects the SEC’s initiative to modernize the… Read more »
Posts By: tames
Luse Gorman Served as Legal Counsel to Guilford Savings Bank in its Merger with Eastern Connecticut Savings Bank
On July 1, 2025, Guilford Savings Bank, Guilford, Connecticut, completed its merger with Eastern Connecticut Savings Bank, Norwich, Connecticut. Luse Gorman served as legal counsel to Guilford Savings Bank in the transaction. The Luse Gorman team consisted of Scott Brown, Ellie Cook, Keeler Fina and Trevor Kline. Luse Gorman has acted as counsel on more… Read more »
Alert – Volume 19 of The Bankers’ Bulletin
To our clients and friends: Today we published Volume 19 of The Bankers’ Bulletin, providing our insights into key banking industry developments from June 2025, including: The OCC and FDIC’s exemption to the CIP Rule; Gov. Bowman’s supervisory reform priorities; The OCC’s report on risks facing the banking system; The interagency request for information on… Read more »
Luse Gorman Served as Legal Counsel to Rollstone Bancorp, MHC in its Merger with River Run Bancorp, MHC
On July 1, 2025, Rollstone Bancorp, MHC, Fitchburg, Massachusetts, completed its merger with River Run Bancorp, MHC, Newburyport, Massachusetts. As part of the transaction, Rollstone Bank & Trust, the subsidiary of Rollstone Bancorp, MHC, became the third bank subsidiary, along with Newburyport Bank and Pentucket Bank, of River Run Bancorp, MHC. Luse Gorman served as… Read more »
Client Alert – FDIC OCC NCUA Issue Exemption Order to CIP Rule Requirements
To our clients and friends: On June 27, 2025, the FDIC, the OCC, and the NCUA issued an order (the “Order”) exempting their supervised institutions from the Customer Identification Program Rule’s requirement to obtain taxpayer identification numbers directly from customers at account opening, permitting them to instead obtain this information from a third-party source. The… Read more »