On September 20, 2021, Metropolitan Bank Holding Corp., New York, New York, the holding company for Metropolitan Commercial Bank, completed its underwritten follow-on offering of 2,300,000 shares of its common stock at $75.00 per share, which included the underwriters’ exercise of their right to purchase an additional 300,000 shares of common stock. Luse Gorman served… Read more »
Posts By: tames
Kent Krudys and Tom Hutton presented at the Pennsylvania Association of Community Bankers Annual Convention
On September 18, 2021, Kent Krudys and Tom Hutton presented, together with professionals from S.R. Snodgrass, at the annual CEO Breakfast Session at the PACB Annual Convention. Luse Gorman has been a long-time presenter at the CEO Breakfast. Messrs. Krudys and Hutton led a discussion on current trends in community banking, including topics related to mergers and acquisitions,… Read more »
Luse Gorman Served as Legal Counsel to Greene County Bancorp, Inc. in its $30.0 Million Subordinated Debt Issuance
On September 15, 2021, Greene County Bancorp, Inc., Catskill, New York, the holding company for The Bank of Greene County, completed a private placement of $30.0 million of its 3.00% Fixed-to-Floating Rate Subordinated Notes due 2031. Luse Gorman served as legal counsel to Greene County Bancorp, Inc. in the offering. The Luse Gorman team consisted… Read more »
Luse Gorman Served as Legal Counsel to Lakeland Bancorp, Inc. in its $150.0 Million Subordinated Debt Issuance
On September 15, 2021, Lakeland Bancorp, Inc., Oak Ridge, New Jersey, the holding company for Lakeland Bank, completed a public offering of $150.0 million of its 2.875% Fixed-to-Floating Rate Subordinated Notes due 2031. Luse Gorman served as legal counsel to Lakeland Bancorp, Inc. in the offering. The Luse Gorman team consisted of John Gorman, Greg… Read more »
Luse Gorman is Legal Counsel to Berkshire Hills Bancorp, Inc. in the Proposed Sale of its Insurance Subsidiary to Brown & Brown of Massachusetts, LLC
On August 24, 2021, Berkshire Hills Bancorp, Inc. entered into an agreement to sell its insurance subsidiary, Berkshire Insurance Group, Inc., to Brown & Brown of Massachusetts, LLC. Berkshire Hills Bancorp, Inc. is the holding company of Berkshire Bank, which operates 115 banking offices primarily in New England and New York. Berkshire Hills Bancorp, Inc…. Read more »