On June 5, 2025, Provident Bancorp, Inc., Amesbury, Massachusetts, announced the signing of a merger agreement with NB Bancorp, Inc., Needham, Massachusetts, pursuant to which Provident Bancorp will merge with and into NB Bancorp in a cash and stock transaction valued at approximately $211.8 million. Provident Bancorp is the holding company for BankProv and has… Read more »
Posts By: tames
Alert – Volume 18 of the Bankers’ Bulletin
To our clients and friends: Today we published Volume 18 of The Bankers’ Bulletin, providing our insights into key banking industry developments from May 2025, including: The OCC and FDIC rescinding their merger policy statements; CFPB abandoning its open banking rule; OCC confirming authority for banks to provide crypto custody services; Repeal of the CFPB’s… Read more »
Lawrence M.F. Spaccasi participated in Regulatory and M&A Legal Panel hosted by Olsen Palmer
On June 3, 2025, Lawrence M.F. Spaccasi participated in an on-line Regulatory and M&A Legal Panel hosted by Olsen Palmer. The session focused on the current regulatory environment and its impact on the mergers and acquisitions landscape. A replay of the panel can be accessed here.
Luse Gorman was Legal Counsel to The First of Long Island Corporation in its Merger with ConnectOne Bancorp, Inc.
On June 1, 2025, The First of Long Island Corporation, Melville, New York, the holding company for The First National Bank of Long Island, completed its merger with ConnectOne Bancorp, Inc., Englewood Cliffs, New Jersey, the holding company for ConnectOne Bank. Luse Gorman served as legal counsel to First of Long Island in the transaction…. Read more »
Luse Gorman is Legal Counsel to Community Bank, N.A. in its Proposed Acquisition of Seven Pennsylvania Branches from Santander Bank, N.A.
On June 24, 2025, Community Bank, N.A. (“Community Bank”), a subsidiary of Community Financial System, Inc., entered into a Purchase and Assumption Agreement with Santander Bank, N.A., to acquire seven branch locations in the Allentown, PA area. Under the agreement, Community Bank will assume approximately $600 million in deposits and purchase approximately $33 million in… Read more »