February 15, 2017

On February 15, 2017, Rosedale Federal Savings and Loan Association (“Rosedale”), Nottingham, Maryland, and Midstate Community Bank (“Midstate”), Baltimore, Maryland, jointly announced that Midstate will merge with and into Rosedale, with Rosedale as the resulting institution.  The combined institution will have total assets of just under $1 billion.

Luse Gorman served as legal counsel to Rosedale in the transaction.  The Luse Gorman team was led by Lawrence Spaccasi, Kent Krudys, Megan McKinney (Corporate/M&A) and Tom Hutton (Executive Compensation).

Rosedale, a federally-chartered thrift in mutual form founded in 1908, operates eight banking offices serving Baltimore City, Baltimore County and Harford County, Maryland.

Midstate, a Maryland-chartered mutual savings institution founded in 1884, operates one banking office in Baltimore, Maryland.