On June 11, 2018, Northwest Bancshares, Inc. (“Northwest”), Warren, Pennsylvania, and Donegal Financial Services Corporation (“Donegal”), Marietta, Pennsylvania, the holding company of Union Community Bank, entered into a definitive merger agreement pursuant to which Donegal will merge with and into Northwest, with Northwest as the resulting company. Each outstanding share of Donegal common stock will… Read more »
Posts By: tames
Luse Gorman Serves as Legal Counsel to United Bank in its Proposed Acquisition of Six Branches from Webster Bank
On May 22, 2018, United Bank, Hartford, Connecticut, and Webster Bank, N.A., Waterbury, Connecticut, entered into a purchase and assumption agreement pursuant to which United Bank will purchase from Webster Bank six banking branches located in Connecticut, Massachusetts and Rhode Island with total deposits approximating $120 million. Luse Gorman served as legal counsel to United… Read more »
Luse Gorman Serves as Legal Counsel to Hanmi Financial Corporation in its Proposed Acquisition of SWNB Bancorp, Inc.
On May 18, 2018, Hanmi Financial Corporation (“Hanmi”), Los Angeles, California, and SWNB Bancorp, Inc. (“SWNB”), Houston, Texas, entered into a definitive merger agreement pursuant to which SWNB will merge with and into Hanmi, with Hanmi as the resulting company. SWNB shareholders will elect to receive 0.1961 shares of Hanmi common stock or $5.74 in… Read more »
Lawrence Spaccasi presented at the Massachusetts Bankers Association Annual Convention
On May 5, 2018, Lawrence Spaccasi presented “Corporate Governance Hot Buttons in Today’s Regulatory Environment” at the Massachusetts Bankers Association Annual Convention in Naples, Florida. Luse Gorman has been a long-time presenter for the Massachusetts Bankers Association. Mr. Spaccasi led a discussion on current corporate governance issues, gold standard best practices, the increased regulatory focus… Read more »
Luse Gorman Serves as Legal Counsel to First Interstate BancSystem, Inc. in its Proposed Acquisition of Northwest Bancorporation, Inc.
On April 25, 2018, First Interstate BancSystem, Inc. (“First Interstate”), Billings, Montana, and Northwest Bancorporation, Inc. (“Northwest”), Spokane, Washington, entered into a definitive merger agreement pursuant to which Northwest will merge with and into First Interstate, with First Interstate as the resulting company. Northwest shareholders will receive 0.516 shares of First Interstate common stock for… Read more »