October 22, 2020

On October 21, 2020, BV Financial, Inc., Baltimore, Maryland, the holding company for BayVanguard Bank, completed a private placement of $35.0 million of its 4.875% Fixed-to-Floating Rate Subordinated Notes due 2030. The notes are intended to qualify as Tier 2 capital for regulatory purposes.

Luse Gorman served as legal counsel to BV Financial in the offering. The Luse Gorman team consisted of Scott Brown and Zachary Davis.

Luse Gorman has extensive experience representing issuers in public offerings and private placements of capital stock, debt, and other securities. To learn more about our Capital Markets and Corporate Finance practice, please visit our website.