On October 29, 2025, OceanFirst Financial Corp., Red Bank, New Jersey, the holding company for OceanFirst Bank, N.A., completed a public offering of $185.0 million of 6.375% Fixed-to-Floating Rate Subordinated Notes due 2035. Luse Gorman served as legal counsel to OceanFirst Financial Corp. in the transaction. The Luse Gorman team included Ned Quint, Greg Sobczak… Read more »
Posts By: tames
Jeff Cardone presented on Mergers and Acquisitions at the RKL Credit Union Seminar
Jeff Cardone presented on mergers and acquisitions at the RKL Credit Union Seminar in Phoenixville, Pennsylvania. The presentation focused on credit union mergers, credit union acquisitions of banks, subordinated debt and charter options for credit unions.
Luse Gorman Served as Legal Counsel to Seneca Bancorp, Inc. in its Conversion and Related $10.4 Million Stock Offering
On October 15, 2025, Seneca Bancorp, Inc., Baldwinsville, New York, the holding company for Seneca Savings Bank, National Association, completed its conversion from the mutual holding company to the stock holding company form of organization and its related stock offering. At the same time, Seneca Savings Bank converted its charter from a federal savings association… Read more »
Luse Gorman Served as Legal Counsel to First Interstate Bank in the Sale of its Arizona and Kansas Banking Offices to Enterprise Bank & Trust
On October 10, 2025, First Interstate Bank, Billings, Montana, completed its previously announced sale of twelve branches – ten Arizona branches and two Kansas branches – to Enterprise Bank & Trust. First Interstate Bank, the wholly owned subsidiary of First Interstate BancSystem, Inc., operates in Colorado, Idaho, Iowa, Minnesota, Missouri, Montana, Nebraska, North Dakota, Oregon,… Read more »
Alert – Volume 22 of The Bankers’ Bulletin
To our clients and friends: We have updated our monthly Bankers’ Bulletin publication with a revised presentation format, featuring new content and additional practical tips to help banks implement the regulatory developments we cover. Today we published Volume 22, which provides our insights into key banking industry developments from September 2025, including: The FDIC’s removal… Read more »