On July 31, 2023, BV Financial, Inc., Baltimore, Maryland, the holding company for BayVanguard Bank, completed its conversion from the mutual holding company to the stock holding company form of organization and its related stock offering.  A total of 9,798,980 shares of common stock were sold in the offering at a price of $10.00 per share.  The Company’s common stock trades on the Nasdaq Capital Market under the symbol “BVFL.”

Luse Gorman served as legal counsel to BV Financial in the transaction. The Luse Gorman team included Scott Brown, Thomas Hutton and Zachary Davis.

BV Financial has $920.8 million in assets and operates from 15 banking offices in the Baltimore metropolitan area and the Eastern Shore of Maryland.

Since 2000, Luse Gorman has been the leading law firm in the United States in mutual holding company transactions and mutual-to-stock conversions, based on number of transactions. Click here to learn more about our capital markets and corporate finance services.