Luse Gorman Served as Legal Counsel to Orange County Bancorp, Inc. in its $20.0 Million Subordinated Debt Issuance

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On September 24, 2020, Orange County Bancorp, Inc., Middletown, New York, the holding company for Orange Bank & Trust Company, successfully completed a private placement of $20.0 million of its 4.25% Fixed-to-Floating Rate Subordinated Notes due 2030 (the “Notes”). The Notes are intended to qualify as Tier 2 capital for regulatory purposes. Luse Gorman served… Read more »

Luse Gorman is Legal Counsel to Heritage State Bank in its Proposed Acquisition by The First National Bank of Carmi

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On September 23, 2020, Heritage State Bank, an Illinois-chartered commercial bank and wholly owned subsidiary of HBancorporation, Inc., Lawrenceville, Illinois, announced the signing of a definitive merger agreement with The First National Bank of Carmi, a national banking association and wholly owned subsidiary of Southern Illinois Bancorp, Inc., Carmi, Illinois, pursuant to which Heritage State… Read more »

Luse Gorman Served as Legal Counsel to Greene County Bancorp, Inc. in its $20.0 Million Subordinated Debt Issuance

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On September 17, 2020, Greene County Bancorp, Inc., Catskill, New York, the holding company for The Bank of Greene County, successfully completed a private placement of $20.0 million of its 4.75% Fixed-to-Floating Rate Subordinated Notes due 2030 (the “Notes”). The Notes are intended to qualify as Tier 2 capital for regulatory purposes. Luse Gorman served… Read more »

Luse Gorman is Legal Counsel to Martinsville First Savings Bank in its Proposed Acquisition by First Mutual Holding Co.

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On September 11, 2020, Martinsville First Savings Bank, a savings bank headquartered in Martinsville, Virginia (“Martinsville”), and First Mutual Holding Co., a mutual holding company headquartered in Lakewood, Ohio (“First Mutual”), announced the signing of a definitive merger agreement pursuant to which First Mutual will acquire Martinsville and hold it as a separate bank subsidiary…. Read more »