Luse Gorman, PC is pleased to announce that we are again the top legal advisor in the nation for bank mergers, based on number of transactions as reported by S&P Global Market Intelligence. The firm served as counsel for 22 bank merger transactions in 2024, covering a broad spectrum of deal types and structures, both… Read more »
Posts By: tames
Alert – NCUA Supervisory Priorities
To our clients and friends: On January 7, 2025, the National Credit Union Administration (the “NCUA”) issued to all federally-insured credit unions Letter 25-CU-01 entitled “NCUA’s 2025 Supervisory Priorities.” The NCUA notes that its supervisory priorities focus on the areas posing the highest risk to credit union members, the credit union industry, and the National… Read more »
Luse Gorman is Legal Counsel to ESSA Bancorp, Inc. in its Proposed Merger with CNB Financial Corporation
On January 9, 2025, ESSA Bancorp, Inc., Stroudsburg, Pennsylvania, announced the signing of a merger agreement with CNB Financial Corporation, Clearfield, Pennsylvania, pursuant to which ESSA Bancorp will merge with and into CNB Financial Corporation in an all-stock transaction valued at approximately $214 million. ESSA Bancorp President and CEO Gary Olson, ESSA Bancorp Chairman Robert… Read more »
Alert – Vol. 13 of The Bankers’ Bulletin
To our clients and friends: Luse Gorman’s monthly Bankers’ Bulletin publication is back in 2025, featuring a brand new design and some added content designed to help you keep up with the most important issues from across the banking industry. We will still be sending out a new edition at the beginning of every month,… Read more »
Luse Gorman is Legal Counsel to Zeal Credit Union in its Proposed Acquisition of Gogebic Range Bank
On December 30, 2024, Zeal Credit Union (“Zeal”), Livonia, Michigan, announced that it had entered into a definitive agreement to acquire substantially all the assets and assume substantially all the liabilities of Gogebic Range Bank, Ironwood, Michigan, the wholly-owned subsidiary of West End Financial Corp. Zeal has approximately $839 million in assets and operates 12… Read more »