February 17, 2017
On February 17, 2017, Bally Savings Bank (“Bally”), Bally, Pennsylvania, and Ambler Savings Bank (“Ambler”), Ambler, Pennsylvania, jointly announced that Bally will merge with and into Ambler and operate as Bally Savings Bank, a Division of Ambler Savings Bank.
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February 15, 2017
On February 15, 2017, Rosedale Federal Savings and Loan Association (“Rosedale”), Nottingham, Maryland, and Midstate Community Bank (“Midstate”), Baltimore, Maryland, jointly announced that Midstate will merge with and into Rosedale, with Rosedale as the resulting institution.
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January 30, 2017
On January 30, 2017, First Guaranty Bancshares, Inc. (“First Guaranty”), Hammond, Louisiana, and Premier Bancshares, Inc. (“Premier”), McKinney, Texas, entered into a definitive merger agreement pursuant to which Premier will merge with and into First Guaranty, with First Guaranty as the resulting company, for total merger consideration of approximately $21.0 million.
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January 27, 2017
We are pleased to announce that Luse Gorman has once again received the No. 1 National Ranking as legal counsel for mutual-to-stock conversions and mutual holding company transactions, as reported by SNL for transactions completed in 2016.
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January 27, 2017
Luse Gorman, PC is proud to announce that once again our law firm was the No. 1 legal advisor in the nation for bank and thrift mergers and acquisitions, with 17 transactions in 2016.
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