August 23, 2019

On August 16, 2019, First Mutual Holding Co., a mutual holding company headquartered in Lakewood, Ohio (“First Mutual”), and Blue Grass Federal Savings and Loan Association, a mutual savings association headquartered in Paris, Kentucky (“Blue Grass”), announced the signing of a definitive merger agreement pursuant to which First Mutual will acquire Blue Grass as a separate bank subsidiary.

Luse Gorman is serving as legal counsel to First Mutual in the transaction.  The Luse Gorman team consists of Kip A. Weissman, Benjamin M. Azoff and Brendan M. Saxon.

This is Luse Gorman’s 13th bank merger transaction announced in 2019.

First Mutual is the federal mutual holding company of First Federal Lakewood and First Mutual Bank with approximately $2.0 billion in total assets.

Blue Grass is a federal mutual savings association with approximately $35.0 million in total assets.