On September 25, 2025, First Savings Financial Group, Inc. (“First Savings”), the holding company for First Savings Bank, and First Merchants Corporation (“First Merchants”), the holding company for First Merchants Bank, announced the signing of a definitive agreement pursuant to which First Savings will merge with and into First Merchants and First Savings Bank will… Read more »
Posts By: tames
Luse Gorman Served as Legal Counsel to Ballston Spa Bancorp, Inc. in its Proposed Merger of Equals with NBC Bancorp, Inc.
On September 23, 2025, Ballston Spa Bancorp, Inc. (“Ballston Spa”), the holding company for Ballston Spa National Bank, and NBC Bancorp, Inc. (“NBC”), the holding company for The National Bank of Coxsackie, entered into an agreement for a merger of equals, with Ballston Spa and Ballston Spa National Bank as the surviving entities. The all-stock… Read more »
Legal Update – OCC Announces Changes to Licensing Procedures and CRA Evaluations to Incorporate Debanking Reviews
To our clients and friends: On September 8, 2025, the OCC announced actions, including issuing two Bulletins, to “end the weaponization of the financial system” by “rooting out” activities that “unlawfully debank or discriminate against customers on the basis of political or religious beliefs, or lawful business activities.” Our Legal Update, available here, describes the… Read more »
Luse Gorman Served as Legal Counsel to Harborstone Credit Union in its Acquisition of SaviBank
On September 1, 2025, Harborstone Credit Union (“Harborstone”), Lakewood, Washington, completed its purchase of substantially all assets and assumption of substantially all liabilities of SaviBank, Mount Vernon, Washington, the wholly-owned subsidiary of Savi Financial Corporation, Inc. Following the completion of the transaction, Harborstone has approximately $2.7 billion in assets and 26 banking locations throughout Washington…. Read more »
Alert – Volume 21 of The Bankers’ Bulletin
To our clients and friends: Today we published Volume 21 of The Bankers’ Bulletin, providing our insights into key banking industry developments from August 2025, including: The Executive Order on debanking; The ending of the FRB’s novel activities supervision program; The FDIC’s proposal to amend its signage regulation; The petition from Senators to reform the… Read more »