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 billion in assets and 95,000 members, and operates 11 branches in New Mexico.

Southwest Capital Bank has approximately $475 million in assets and operates six branches in New Mexico.

Luse Gorman is serving as legal counsel to U.S. Eagle in the transaction. The Luse Gorman team consists of Jeff Cardone, Ellie Cook, Brendan Clegg, Brendan Saxon and Keeler Fina.

Luse Gorman has acted as counsel on more than 150 bank and credit union merger transactions during the past ten years and more bank and credit union merger transactions than any other law firm in the nation over the past 20 years. To learn more about our mergers and acquisitions practice, please visit our website.