Luse Gorman Served as Legal Counsel to NuMark Credit Union in its Acquisition of Pioneer State Bank
On March 31, 2023, NuMark Credit Union, Joliet, Illinois, completed its acquisition of Pioneer State Bank, Earlville, Illinois.
Read More...Luse Gorman is Legal Counsel to Dedham Institution for Savings in its Proposed Strategic Partnership with South Shore Bank
On March 14, 2023, 1831 Bancorp, MHC, Dedham, Massachusetts, and South Shore Bancorp, MHC, South Weymouth, Massachusetts, announced their agreement to form a strategic partnership through the merger of 1831 Bancorp, MHC and South Shore Bancorp, MHC. South Shore Bank and Dedham Institution for Savings, the bank subsidiaries of South Shore Bancorp, MHC and 1831 Bancorp, MHC, respectively, will remain independent entities under a mutual multi-bank holding company.
Read More...Luse Gorman is Legal Counsel to LINKBANCORP, Inc. in its Proposed Merger with Partners Bancorp
On February 22, 2023, LINKBANCORP, Inc., Camp Hill, Pennsylvania, entered into a merger agreement with Partners Bancorp, Salisbury, Maryland, pursuant to which Partners will merge with and into LINKBANCORP in an all-stock transaction valued at approximately $167.8 million.
Read More...Luse Gorman Served as Legal Counsel to Education Credit Union in its Completed Merger with H&H Federal Credit Union
On February 8, 2023, Education Credit Union, Amarillo, Texas, successfully completed its merger with H&H Federal Credit Union, Stinnett, Texas. Education Credit Union, as the continuing credit union, has approximately $467 million in assets on a combined basis following the merger.
Read More...Luse Gorman Served as Legal Counsel to Bancorp 34, Inc. in its Private Placement of $29.6 Million of Common and Preferred Stock
On January 27, 2023, Bancorp 34, Inc., Scottsdale, Arizona, the holding company for Bank 34, completed the second round of a private offering for a total offering of $29.6 million of common stock and preferred stock that is convertible into non-voting common stock.
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