To our clients and friends: On January 22, the National Credit Union Administration issued a letter to credit union boards of directors and CEOs outlining its annual supervisory priorities and highlighting the areas it views as posing the highest risk to the credit union industry in 2024. Our Client Alert covers each of the identified… Read more »
Posts By: tames
Luse Gorman is Legal Counsel to Mid-Southern Bancorp, Inc. in its Proposed Acquisition by Beacon Credit Union
On January 25, 2024, Mid-Southern Bancorp, Inc. and its wholly-owned subsidiary, Mid-Southern Savings Bank, FSB, announced the signing of a definitive purchase and assumption agreement with Beacon Credit Union, pursuant to which Beacon Credit Union will acquire the assets and assume the liabilities of Mid-Southern Savings Bank, FSB in an all cash transaction. Following the… Read more »
Alert – Volume 1 of The Bankers’ Bulletin
To our clients and friends: Today we published Volume 1 of The Bankers’ Bulletin. You can find a copy of this volume of The Bankers’ Bulletin here. This new publication from Luse Gorman covers regulatory and enforcement insights from our team related to recent developments in the banking industry, and provides our perspective on how… Read more »
Luse Gorman is Top Legal Advisor in 2023 for Equity Offerings
Luse Gorman, PC is pleased to announce that in 2023 we were ranked the No. 1 legal advisor in the nation, based on number of transactions, for common stock offerings by financial institutions, as reported by S&P Global Market Intelligence. We served as issuer’s counsel in connection with a range of equity offerings, including best-efforts… Read more »
Luse Gorman Again Receives Top Ranking for Mutual-to-Stock Conversions and Mutual Holding Company Reorganizations
We are pleased to announce that Luse Gorman, PC was again the No. 1 legal counsel in the nation in 2023 for mutual-to-stock conversions and mutual holding company transactions, as reported by S&P Global Market Intelligence. In 2023, Luse Gorman was the legal advisor on all standard mutual-to-stock conversions and all but one second-step conversions…. Read more »