On April 22, 2021, Meridian Bancorp, Inc., Peabody, Massachusetts, announced the signing of a definitive merger agreement with Independent Bank Corp., Rockland, Massachusetts, pursuant to which Meridian will merge with and into Independent. Meridian shareholders will receive 0.275 of a share of Independent common stock for each share of Meridian common stock. The total merger… Read more »
Posts By: tames
Agata S. Troy Joins Luse Gorman, PC
Washington, DC, April 19, 2021. For Immediate Release. Luse Gorman, PC is pleased to announce that Agata S. Troy has joined the Washington, DC law firm as a partner. Ms. Troy was most recently a partner at Manatt, Phelps & Phillips, LLP. With her addition to the partnership, Luse Gorman builds upon its unparalleled experience… Read more »
Luse Gorman Served as Legal Counsel to Marathon Bank in its MHC Reorganization and $10.0 Million Stock Offering
On April 14, 2021, Marathon Bank, Wausau, Wisconsin, completed its reorganization from a mutual savings bank to the mutual holding company form of organization. Concurrently with the reorganization, Marathon Bancorp, Inc., the newly formed holding company for Marathon Bank, completed its initial public offering. Marathon Bancorp, Inc. sold 1,003,274 shares of its common stock in… Read more »
Luse Gorman is Legal Counsel to Northwest Bank in the Proposed Sale of its Insurance Subsidiary to USI Insurance Services LLC
On April 1, 2021, Northwest Bank, Warren, Pennsylvania, entered into an agreement to sell its insurance subsidiary, Northwest Insurance Services, to USI Insurance Services LLC. Northwest Bank, which is the wholly-owned subsidiary of Northwest Bancshares, Inc., operates 162 full-service community banking offices and eight free standing drive through facilities in Pennsylvania, New York, Ohio and… Read more »
Early 2021 Sees a Significant Increase in Mutual-to-Stock Conversion Activity
The number of conversion transactions announced in the first quarter of 2021 has already exceeded the total number of transactions for all of 2020. Currently, there are 11 mutual-to-stock conversions, second-step conversions and mutual holding company minority stock issuances pending, with two conversions already completed in January. Luse Gorman is counsel in nine of these… Read more »