On July 14, 2021, 1895 Bancorp of Wisconsin, Inc., Greenfield, Wisconsin, the holding company for PyraMax Bank, FSB, completed its conversion from the mutual holding company to the stock holding company form of organization and its related stock offering. A total of 3,542,000 shares of common stock were sold in the subscription offering at a… Read more »
Posts By: tames
Luse Gorman Served as Legal Counsel to Magyar Bancorp, Inc. in its Conversion and $39.1 Million Stock Offering
On July 14, 2021, Magyar Bancorp, Inc., New Brunswick, New Jersey, the holding company for Magyar Bank, completed its conversion from the mutual holding company to the stock holding company form of organization and its related stock offering. A total of 3,910,000 shares of common stock were sold in the subscription offering at a price… Read more »
Luse Gorman Served as Legal Counsel to Cullman Bancorp, Inc. in its Conversion and $42.8 Million Related Stock Offering
On July 14, 2021, Cullman Bancorp, Inc., Cullman, Alabama, the holding company for Cullman Savings Bank, completed its conversion from the mutual holding company to the stock holding company form of organization and its related stock offering. A total of 4,284,375 shares of common stock were sold in the subscription offering at a price of… Read more »
Luse Gorman Served as Legal Counsel to Blue Foundry Bank in its Conversion and Related $277.7 Million Stock Offering
On July 15, 2021, Blue Foundry, MHC, Rutherford, New Jersey, completed its conversion from the mutual holding company to the stock holding company form of organization. Concurrently with the conversion, Blue Foundry Bancorp (the “Company”), the newly formed holding company for Blue Foundry Bank, completed its initial public offering selling 27,772,500 shares of its common… Read more »
Luse Gorman is Legal Counsel to Lakeland Bancorp, Inc. in its Proposed Acquisition of 1st Constitution Bancorp
On July 11, 2021, Lakeland Bancorp, Inc., Oak Ridge, New Jersey, and 1st Constitution Bancorp, Cranbury, New Jersey, entered into a definitive merger agreement pursuant to which 1st Constitution Bancorp will merge with and into Lakeland Bancorp, with Lakeland Bancorp as the resulting company in an all-stock transaction valued at approximately $244.4 million. As part… Read more »