July 14, 2020

On July 10, 2020, Kearny Financial Corp., Fairfield, New Jersey (“Kearny”), the holding company for Kearny Bank, completed its acquisition of MSB Financial Corp., Millington, New Jersey (“MSB”), the holding company for Millington Bank. MSB stock was exchanged for a mix of 90% Kearny stock and 10% cash. The transaction was subject to the approval of the FDIC, the New Jersey Department of Banking and Insurance and the stockholders of MSB.

Kearny provides banking services through its administrative headquarters in Fairfield, New Jersey, and a total of 51 retail branch offices located throughout northern and central New Jersey and Brooklyn and Staten Island, New York.

Luse Gorman served as legal counsel to Kearny in the transaction. The Luse Gorman team consisted of Lawrence M.F. Spaccasi, Marc P. Levy, Max Seltzer, Joseph P. Daly and Zachary Davis.

Luse Gorman has served as counsel on more than 100 financial institution mergers and acquisitions during the past five years, which is more than any other legal advisor during that time period. To learn more about our mergers and acquisitions practice, please visit our website.