To our clients and friends: On August 20, 2024, the U.S. District Court for the Northern District of Texas issued a ruling which set aside the Federal Trade Commission’s final rule that would have banned certain non-compete agreements between an employer and an employee. Our Alert regarding the court’s decision on non-compete agreements is available… Read more »
Posts By: tames
Luse Gorman is Legal Counsel to U.S. Eagle Federal Credit Union in its Proposed Acquisition of Southwest Capital Bank
On August 16, 2024, U.S. Eagle Federal Credit Union (“U.S. Eagle”), Albuquerque, New Mexico, announced that it had entered into a definitive agreement to acquire substantially all the assets and assume substantially all the liabilities of Southwest Capital Bank, Albuquerque, New Mexico, the wholly-owned subsidiary of Las Vegas Bancorporation, Inc. U.S. Eagle has approximately $1.5… Read more »
Alert – Volume 8 of The Bankers’ Bulletin
To our clients and friends: Today we published Volume 8 of The Bankers’ Bulletin. You can find a copy of this edition here. In this volume, we cover two recent decisions by the Supreme Court that will affect challenges to regulatory actions, the agencies’ joint statement on third-party deposit arrangements, the CFPB’s expanding use of… Read more »
Luse Gorman Served as Legal Counsel to Fifth District Savings Bank in its Conversion and Related $54.5 Million Stock Offering
On July 31, 2024, Fifth District Savings Bank, New Orleans, Louisiana, completed its conversion from the mutual to stock form of organization. Concurrently, Fifth District Bancorp, Inc., the newly formed holding company for Fifth District Savings Bank, completed its initial public offering by selling 5,459,473 shares of its common stock at $10.00 per share, and… Read more »
Alert – FTC’s Ban on Non-Compete Agreements – Recent Court Decisions
To our clients and friends: The Federal Trade Commission’s ban on most non-competition agreements continues to make its way through various courts. Attached is an Alert which covers the two most recent court decisions, and the Alert is available here..