Luse Gorman Served as Legal Counsel to Winchester Savings Bank in its MHC Reorganization and $40.0 Million Stock Offering

Posted by & filed under Transactions.

On April 30, 2025, Winchester Savings Bank, Winchester, Massachusetts, completed its reorganization from a mutual savings bank to the mutual holding company form of organization. Concurrently with the reorganization, Winchester Bancorp, Inc., the newly formed holding company for Winchester Savings Bank, sold 3,997,012 shares of common stock at $10.00 per share, issued 185,907 shares of… Read more »

Alert – Volume 17 of the Bankers’ Bulletin

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To our clients and friends: Today we published Volume 17 of The Bankers’ Bulletin, providing our insights into key banking industry developments from April 2025, including: The FRB’s withdrawal of its crypto guidance for state member banks; The agencies’ move to stay the CRA litigation and rescind the 2023 rule; The CFPB’s shift in enforcement… Read more »

Luse Gorman is Legal Counsel to Frontier Credit Union in its Proposed Acquisition of First Citizens Bank of Butte

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On May 1, 2025, Frontier Credit Union (“Frontier”), Idaho Falls, Idaho, announced that it had entered into a definitive agreement to acquire substantially all the assets and assume substantially all the liabilities of First Citizens Bank of Butte (“First Citizens”), Butte, Montana. Frontier has approximately $700 million in assets and operates 13 branches throughout the… Read more »

Luse Gorman Served as Legal Counsel to Mid-Southern Savings Bank, FSB in its Completed Acquisition by Beacon Credit Union

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On April 25, 2025, Mid-Southern Savings Bank, FSB, Salem, Indiana, and its parent company, Mid-Southern Bancorp, Inc., completed a purchase and assumption transaction with Beacon Credit Union (“BCU”), Wabash, Indiana, in which BCU has acquired substantially all the assets and assumed substantially all the liabilities of Mid-Southern Bank in an all-cash transaction. Luse Gorman served… Read more »