On January 1, 2026, NuMark Credit Union (“NuMark”), Joliet, Illinois, completed its purchase of substantially all assets and the assumption of substantially all liabilities of The Lemont National Bank, Lemont, Illinois, the majority-owned subsidiary of Lemont Bancorp, Inc. Following the completion of the transaction, NuMark had approximately $929.7 million in assets and 14 full-service branch… Read more »
Posts By: tames
Luse Gorman Served as Legal Counsel to Cornerstone Bank in its Merger with Athol Savings Bank
On December 31, 2025, Cornerstone Bank, Spencer, Massachusetts, a subsidiary of PeoplesBancorp, MHC, Holyoke, Massachusetts, completed its previously announced acquisition of Athol Savings Bank, Athol, Massachusetts. Luse Gorman served as legal counsel to Cornerstone Bank in the transaction. The Luse Gorman team consisted of Scott Brown and Max Seltzer. Cornerstone Bank has 12 branch locations… Read more »
Luse Gorman is Legal Counsel to LINKBANCORP, Inc. in its Proposed Merger with Burke & Herbert Financial Services Corp.
On December 18, 2025, LINKBANCORP, Inc., Camp Hill, Pennsylvania, and Burke & Herbert Financial Services Corp., Alexandria, Virginia, entered into a merger agreement pursuant to which LINKBANCORP will merge with and into Burke & Herbert in an all-stock transaction valued at approximately $354 million. LINKBANCORP is the holding company for LINKBANK and has approximately $3.1… Read more »
Luse Gorman Served as Legal Counsel to Financial Institutions, Inc. in its $80.0 Million Subordinated Debt Issuance
On December 11, 2025, Financial Institutions, Inc. (the “Company”), Warsaw, New York, the holding company for Five Star Bank, completed a private issuance of $80.0 million of 6.50% Fixed-to-Floating Rate Subordinated Notes due 2035. The Company entered into a registration rights agreement with each of the purchasers of the Notes under which it will exchange… Read more »
Alert – Volume 24 of The Bankers’ Bulletin
Today we published Volume 24 of The Bankers’ Bulletin, which provides our insights into key banking industry developments from November 2025, including: The FRB’s memo revising its supervisory process; The agencies’ changes to key regulatory asset thresholds; An appellate court decision allowing Colorado to enforce its usury laws; The FDIC’s and OCC’s changes to their… Read more »