October 8, 2026
On October 1, 2026, Randolph-Brooks Federal Credit Union (“RBFCU”), Live Oak, Texas, completed its previously announced merger with True Sky Federal Credit Union, Oklahoma City, Oklahoma. Following the completion of the merger, RBFCU has almost $20 billion in assets and serves over 1.1 million members at more than 70 branch locations throughout Texas and Oklahoma.
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October 6, 2026
On October 5, 2026, Luse Gorman submitted a comment letter on the notice of proposed rulemaking entitled Regulatory Modernization and Relief for Mutual Holding Companies, which the Federal Reserve Board recently issued and was the subject of a prior Alert. The comment letter addresses mutual capital instruments, dividend waivers, stock benefit plans and other matters of interest to mutual holding companies and mutual institutions that are the subject of the proposal.
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October 5, 2026
On October 5, 2026, Luse Gorman submitted a comment letter on the notice of proposed rulemaking entitled Regulatory Modernization and Relief for Mutual Holding Companies, which the Federal Reserve Board recently issued and was the subject of a prior Alert,
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September 29, 2026
On September 24, 2026, Gulf Winds Credit Union, Pensacola, Florida, announced that it had entered into a definitive agreement to acquire Peoples Exchange Bank, Monroeville, Alabama, the wholly-owned subsidiary of Peoples Exchange Bancshares, Inc.
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September 25, 2026
To our clients and friends:
On September 17, 2026, the Federal Deposit Insurance Corporation issued a notice of proposed rulemaking on merger transactions to fundamentally reform the FDIC’s framework for processing and evaluating merger transactions under the Bank Merger Act and a second proposed rule on State bank parity to establish parity between out-of-state State banks and national banks regarding the application of host State laws. Our Legal Update on this proposal can be found here.
Luse Gorman, PC regularly advises financial institutions on regulatory and compliance developments of, supervisory relationships with, enforcement actions from, and licensing applications to, the federal banking and credit union regulatory agencies. If you have any questions related to this Legal Update, please reach out to your Luse Gorman contact. To learn more about our firm and services, please visit our website.
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