Alert – Volume 25 of The Bankers’ Bulletin
Today we published Volume 25 of The Bankers’ Bulletin, which provides our insights into key banking industry developments from December 2025, including:
Read More...Reporting Obligations for Incentive Stock Option Exercises and Employee Stock Purchase Plan Purchases in 2025
To Our Clients and Friends:
Banks that allow employees to purchase employer stock through incentive stock options (“ISOs”) or an employee stock purchase plan (“ESPP”) should be aware of the upcoming February 2, 2026 deadline for employers to deliver a completed Form 3921 or 3922 to employees, setting forth the details of the employee’s 2025 exercise of ISOs or purchase of shares through an ESPP, respectively. Shortly thereafter, the employer must also file the IRS Form 3921 or 3922 with the IRS. Our Legal Update covering these requirements is available here.
Luse Gorman, PC regularly advises companies regarding corporate governance, shareholder matters and SEC developments. If you have any questions related to this Legal Update, please reach out to your usual firm contact. To learn more about our firm and services, please visit our website.
Read More...Luse Gorman Served as Legal Counsel to First Commerce Bancorp, Inc. in its $40.0 Million Subordinated Debt Issuance
On December 30, 2025, First Commerce Bancorp, Inc. (the “Company”), Lakewood, New Jersey, the holding company for First Commerce Bank, completed a private issuance of $40.0 million of 7.75% Fixed-to-Floating Rate Subordinated Notes due 2035.
Read More...Luse Gorman Served as Legal Counsel to MountainOne Bank in a Merger of Equals with Mechanics Cooperative Bank
On January 1, 2026, MountainOne Financial, MHC and MountainOne Financial, Inc., North Adams, Massachusetts, the holding companies for MountainOne Bank (“MountainOne”), completed its merger of equals with Mechanics Bancorp, MHC and Mechanics Bancorp, Inc., Taunton, Massachusetts, the holding companies for Mechanics Cooperative Bank. Following the merger, MountainOne and Mechanics Cooperative Bank will remain separate banks.
Read More...Luse Gorman Served as Legal Counsel to AdelFi Credit Union in its Merger with Christian Community Credit Union
In December 2025, AdelFi Credit Union, Brea, California, completed its merger with Christian Community Credit Union, San Dimas, California. Christian Community Credit Union, as the continuing credit union, has approximately $885 million in assets on a combined basis following the merger.
Luse Gorman served as legal counsel to AdelFi Credit Union in the transaction. The Luse Gorman team included Jeff Cardone and Babette Schwartz.
Luse Gorman has acted as counsel on more than 150 bank and credit union M&A transactions during the past six years and more bank and credit union M&A transactions than any other law firm in the nation over the past 20 years. To learn more about our mergers and acquisitions practice, please visit our website.
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