Transactions

Luse Gorman is Legal Counsel to Gorham Savings Bank in its Proposed Merger of Equals with Maine Community Bank

December 7, 2023

On December 7, 2023, Gorham Savings Bank, Gorham, Maine, and Maine Community Bank, Biddeford, Maine, announced their agreement to form a strategic partnership through the merger of the two banks and their parent holding companies. The merger creates the second largest mutual savings bank in Maine with nearly $2.7 billion in assets.

Luse Gorman Served as Legal Counsel to Evans Bancorp, Inc. in the Sale of its Insurance Subsidiary to Arthur J. Gallagher & Co.

December 6, 2023

On November 30, 2023, Evans Bancorp, Inc., Williamsville, New York, the holding company for Evans Bank, N.A., completed the sale of its insurance subsidiary, The Evans Agency, to Arthur J. Gallagher & Co.

Luse Gorman Served as Legal Counsel to LINKBANCORP, Inc. in its Merger with Partners Bancorp

December 1, 2023

On November 30, 2023, LINKBANCORP, Inc., Camp Hill, Pennsylvania, the holding company for LINKBANK, completed its merger with Partners Bancorp, Salisbury, Maryland, the holding company for The Bank of Delmarva and Virginia Partners Bank.

Luse Gorman is Legal Counsel to Eagle Financial Bancorp, Inc. in its Proposed Merger with LCNB Corp.

November 29, 2023

On November 29, 2023, Eagle Financial Bancorp, Inc., Cincinnati, Ohio, announced the signing of a merger agreement with LCNB Corp., Lebanon, Ohio, pursuant to which Eagle Financial Bancorp will merge with and into LCNB Corp. in a stock-and-cash transaction valued at approximately $23.1 million. As part of the transaction, EAGLE.bank will merge with and into LCNB National Bank.

Luse Gorman Served as Legal Counsel to Idaho Central Credit Union in its $80.0 Million Subordinated Debt Issuance

November 16, 2023