On March 18, 2022, First Savings Financial Group, Inc., Jeffersonville, Indiana, the holding company for First Savings Bank, completed a private placement of $31.0 million of its 4.50% Fixed-to-Floating Rate Subordinated Notes due 2032. Luse Gorman served as legal counsel to First Savings Financial Group, Inc. in the offering. The Luse Gorman team consisted of Victor Cangelosi… Read more »
Posts By: tames
Luse Gorman is Legal Counsel to Barksdale Federal Credit Union in its Proposed Acquisition of HomeBank of Arkansas
On February 28, 2022, Barksdale Federal Credit Union, Bossier City, Louisiana, announced that it had entered into a purchase and assumption agreement to acquire substantially all of the assets and assume substantially all of the liabilities of HomeBank of Arkansas, Greenbrier, Arkansas. Barksdale Federal Credit Union has approximately $2.0 billion in assets and currently operates… Read more »
Luse Gorman Served as Legal Counsel to Third Century Bancorp in its $10.0 Million Subordinated Debt Issuance
On February 4, 2022, Third Century Bancorp, Franklin, Indiana, the holding company for Mutual Savings Bank, completed a private placement of $10.0 million of its 3.75% Fixed-to-Floating Rate Subordinated Notes due 2032. Luse Gorman served as legal counsel to Third Century Bancorp in the offering. The Luse Gorman team consisted of Benjamin Azoff and Ellie Cook. Luse… Read more »
Luse Gorman is Legal Counsel to Rosedale Federal Savings and Loan Association in its Proposed Merger with CBM Bancorp, Inc.
On January 28, 2022, Rosedale Federal Savings and Loan Association, Baltimore, Maryland, entered into a definitive merger agreement to acquire CBM Bancorp, Inc., Baltimore, Maryland, and its wholly owned subsidiary, Chesapeake Bank of Maryland. CBM Bancorp stockholders will receive $17.75 in cash per share of CBM Bancorp common stock. The total merger consideration is valued… Read more »
Scott A. Brown and Lawrence M. F. Spaccasi presented at the 2022 BankDirector Acquire or Be Acquired Conference in Phoenix, Arizona
Scott A. Brown and Lawrence M. F. Spaccasi presented “Advice and Counsel for Potential Sellers” at the 2019 BankDirector Acquire or Be Acquired Conference in Phoenix, Arizona. The session addressed advance planning steps that are critical for a successful M&A transaction from a seller’s perspective and focused on measures that can be taken well in… Read more »