On October 1, 2024, Arlo Financial Holdings, Inc., a newly formed Missouri corporation, completed its merger with Systematic Savings Bank, thereby becoming its registered bank holding company and changing the name of the bank to Arlo Bank. The Luse Gorman team consisted of Steven Lanter, Ben Azoff and Brendan Saxon.
Read More...On September 30, 2024, River Run Bancorp, MHC, Newburyport, Massachusetts, announced the signing of a definitive merger agreement with Rollstone Bancorp, MHC, Fitchburg, Massachusetts, pursuant to which Rollstone Bancorp, MHC, the mutual holding company of Rollstone Bank & Trust, Fitchburg, Massachusetts, will merge with and into River Run Bancorp, MHC. As part of the transaction, Rollstone Bank & Trust will become the third bank subsidiary of River Run Bancorp, MHC, the mutual holding company parent for Newburyport Bank and Pentucket Bank.
Read More...On October 3, 2024, OneAZ Credit Union (“OneAZ”), Phoenix, Arizona, announced that it had entered into a definitive agreement to acquire substantially all the assets and assume substantially all the liabilities of 1st Bank Yuma, Yuma, Arizona, the wholly-owned subsidiary of Western Arizona Bancorp, Inc.
Read More...On September 20, 2024, Midland Capital Holdings Corporation, the holding company of Midland Federal Savings and Loan Association, a federal savings and loan association headquartered in Bridgeview, Illinois, completed its merger with Midfed Acquisition Corp., a corporation headed by experienced bank executives and investors. The Luse Gorman team consisted of Kip Weissman, Steve Lanter and Max Seltzer.
Read More...On September 23, 2024, Generations Bancorp NY, Inc. and its wholly owned subsidiary, Generations Bank, announced the signing of a definitive purchase and assumption agreement with ESL Federal Credit Union, pursuant to which ESL Federal Credit Union will acquire the assets and assume the liabilities of Generations Bank in an all-cash transaction. Following the completion of the acquisition, Generations Bancorp NY, Inc. will settle its remaining obligations and distribute its remaining cash to its shareholders.
Read More...