To our clients and friends: The SEC has adopted new rules requiring the submission of “glossy” annual reports on EDGAR. The new rules go into effect six months after July 11, 2022. Our Alert regarding the new rules is available here.
Posts By: tames
Luse Gorman Served as Legal Counsel to Berkshire Hills Bancorp, Inc. in its $100.0 Million Sustainability Bond Offering
On June 30, 2022, Berkshire Hills Bancorp, Inc., Boston, Massachusetts, the holding company for Berkshire Bank, completed a public offering of $100.0 million of its 5.50% Fixed-to-Floating Rate Subordinated Notes due 2032. Berkshire Hills Bancorp, Inc. is the first public U.S. community bank holding company with under $150 billion in assets to issue a Sustainability… Read more »
Luse Gorman Served as Legal Counsel to Northfield Bancorp, Inc. in its $62.0 Million Subordinated Debt Issuance
On June 17, 2022, Northfield Bancorp, Inc., Woodbridge, New Jersey, the holding company for Northfield Bank, completed a private offering of $62.0 million of its 5.00% Fixed-to-Floating Rate Subordinated Notes due 2032. Luse Gorman served as legal counsel to Northfield Bancorp, Inc. in the offering. The Luse Gorman team consisted of Ned Quint, Scott Brown… Read more »
Zac Davis Presented on LIBOR Transition Legislation at the Connecticut Bankers Association’s 2022 Legislative Update
Zac Davis presented at the Connecticut Bankers Association’s 2022 Legislative Update on June 14, 2022. The presentation titled “Adjustable Interest Rate (LIBOR) Act and its Preemption of State LIBOR Transition Legislation” focused on the provisions of the federal Adjustable Interest Rate (LIBOR) Act passed into law on March 15, 2022, including the various options for… Read more »
Tom Hutton presented at the 132nd Annual Meeting of the Tennessee Bankers Association
On June 13, 2022, Tom Hutton presented, together with a professional from NFP Executive Benefits, at the 132nd Annual Meeting of the Tennessee Bankers Association. The presentation reviewed common elements of an effective executive compensation program and focused on using employment agreements, change in control agreements, deferred compensation arrangements, and life insurance arrangements to attract and… Read more »