To our clients and friends: In light of the recent large bank failures, our Alert regarding items that credit unions should consider is available here. To diversify sources of liquidity, eligible credit unions should consider getting NCUA preapproval to issue subordinated debt, which is discussed in our Alert.
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Luse Gorman, PC White Paper – The NCUA’s Final Rule on Subordinated Debt
Luse Gorman, PC White Paper – The NCUA’s Final Rule on Subordinated Debt
Alert – Considerations and Measures for Banks in the Wake of Silicon Valley Bank and Signature Bank Failures
To our clients and friends: In light of the recent large bank failures, our Alert regarding items that financial institutions should consider is available here.
Luse Gorman is Legal Counsel to LINKBANCORP, Inc. in its Proposed Merger with Partners Bancorp
On February 22, 2023, LINKBANCORP, Inc., Camp Hill, Pennsylvania, entered into a merger agreement with Partners Bancorp, Salisbury, Maryland, pursuant to which Partners will merge with and into LINKBANCORP in an all-stock transaction valued at approximately $167.8 million. LINKBANCORP, Inc. is the holding company for LINKBANK and has approximately $1.2 billion in total assets. Partners… Read more »
Luse Gorman Served as Legal Counsel to Education Credit Union in its Completed Merger with H&H Federal Credit Union
On February 8, 2023, Education Credit Union, Amarillo, Texas, successfully completed its merger with H&H Federal Credit Union, Stinnett, Texas. Education Credit Union, as the continuing credit union, has approximately $467 million in assets on a combined basis following the merger. Luse Gorman served as legal counsel to Education Credit Union in the transaction. The Luse… Read more »