October 23, 2023

On October 19, 2023, Home Federal Savings and Loan Association of Grand Island, Grand Island, Nebraska, completed its conversion from the mutual to stock form of organization. Concurrently, Central Plains Bancshares, Inc., the newly formed holding company for Home Federal, completed its initial public offering by selling 4,130,815 shares of its common stock at $10.00 per share. Central Plains Bancshares’ common stock is traded on the Nasdaq Capital Market under the symbol “CPBI.”

Luse Gorman served as legal counsel to Central Plains Bancshares and Home Federal in the transaction. The Luse Gorman team included Lawrence Spaccasi, Ned Quint and Thomas Hutton.

Central Plains Bancshares has approximately $450 million in assets and operates from its main office in Grand Island, Nebraska and six branch offices located in Grand Island, Hastings, Holdrege, Lexington and Superior, Nebraska.

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.