Luse Gorman is Legal Counsel to First Federal Bank of Wisconsin in its Proposed Acquisition of Mitchell Bank

Posted by & filed under Transactions.

On July 28, 2020, First Federal Bank of Wisconsin, a federally chartered stock savings bank and the wholly owned banking subsidiary of FFBW, Inc., Brookfield, Wisconsin (Nasdaq: FFBW), and Mitchell Bank, a Wisconsin commercial bank located in Milwaukee, Wisconsin, announced the signing of a definitive Purchase and Assumption Agreement pursuant to which First Federal Bank… Read more »

Luse Gorman Served as Legal Counsel to Kearny Financial Corp. in its Completed Acquisition of MSB Financial Corp.

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On July 10, 2020, Kearny Financial Corp., Fairfield, New Jersey (“Kearny”), the holding company for Kearny Bank, completed its acquisition of MSB Financial Corp., Millington, New Jersey (“MSB”), the holding company for Millington Bank. MSB stock was exchanged for a mix of 90% Kearny stock and 10% cash. The transaction was subject to the approval… Read more »

Alert – SBA extends PPP until August 8 and issues new interim final rule related to the loan forgiveness requirements of the PPP

Posted by & filed under Industry Alerts & Publications.

To our clients and friends: On July 4, 2020, the Paycheck Protection Program Extension Act was signed into law, which extended from June 30, 2020 to August 8, 2020 the deadline to apply for a loan under the U.S. Small Business Administration’s (“SBA”) Paycheck Protection Program (“PPP”).  The SBA has an estimated $130 billion remaining… Read more »