On November 17, 2016, Abington Bank (“Abington”), Abington, Massachusetts, and Holbrook Cooperative Bank, (“Holbrook”), Holbrook, Massachusetts, jointly announced that Holbrook will merge with and into Abington with the Holbrook location being operated as “Holbrook Cooperative Bank, an Affiliate of Abington Bank.” Luse Gorman served as legal counsel to Abington in the transaction. The Luse Gorman… Read more »
Posts By: tames
Luse Gorman Acts as Underwriter’s Counsel to Raymond James & Associates in $50.0 Million Public Offering
On November 8, 2016, Heartland Financial USA, Inc., a Dubuque, Iowa-based bank holding company with over $8.0 billion in assets, completed a $50.0 million public offering of 1,379,690 shares of its common stock. Raymond James & Associates, Inc. served as the sole underwriter in the offering. Luse Gorman represented Raymond James in the offering. The… Read more »
Luse Gorman Serves as Legal Counsel to Georgetown Bancorp, Inc. in its Proposed Merger with Salem Five Bancorp
On October 5, 2016, Georgetown Bancorp, Inc. (“Georgetown Bancorp”), Georgetown, Massachusetts, and Salem Five Bancorp (“Salem Five Bancorp”), Salem, Massachusetts, entered into a definitive merger agreement pursuant to which Salem Five Bancorp will acquire Georgetown Bancorp for approximately $49.2 million in cash. Upon completion of the merger, Georgetown Bank, the subsidiary of Georgetown Bancorp, will… Read more »
Luse Gorman Serves as Legal Counsel to Northwest Bank in its Acquisition of 18 Branches from First Niagara Bank
On September 9, 2016, Northwest Bank, Warren, PA, the wholly-owned subsidiary of Northwest Bancshares, Inc. (“Northwest”), completed its acquisition of 18 bank branches from First Niagara Bank, Buffalo, NY, the wholly-owned subsidiary of First Niagara Financial Group, Inc., which were divested by First Niagara Bank as part of KeyCorp’s acquisition of First Niagara Financial Group,… Read more »
Luse Gorman Serves as Legal Counsel to Standard Financial Corp. in its Proposed Merger with Allegheny Valley Bancorp
On August 29, 2016, Standard Financial Corp. (“Standard Financial”), Monroeville, Pennsylvania, and Allegheny Valley Bancorp (“Allegheny Valley”), Pittsburgh, Pennsylvania, entered into a definitive merger agreement pursuant to which Allegheny Valley will merge with and into Standard Financial in an all stock transaction, with Standard Financial as the resulting company, which will be renamed Standard AVB… Read more »