News & Events

Luse Gorman is Legal Counsel to CFSB Bancorp, Inc. in its Proposed Acquisition by Hometown Financial Group, Inc.

May 23, 2025

On May 20, 2025, CFSB Bancorp, Inc., Quincy, Massachusetts, entered into a definitive merger agreement with Hometown Financial Group, Inc., Easthampton, Massachusetts, under which Hometown Financial Group will acquire CFSB Bancorp. CFSB Bancorp stockholders will receive $14.25 in cash per share of CFSB Bancorp common stock for total merger consideration of approximately $44 million. As a part of the transaction, Colonial Federal Savings Bank, the banking subsidiary of CFSB Bancorp, will merge with and into North Shore Bank, a banking subsidiary of Hometown Financial Group.

Luse Gorman Served as Legal Counsel to Pima Federal Credit Union in its Completed Acquisition of Republic Bank of Arizona

May 14, 2025

On May 2, 2025, Pima Federal Credit Union, Tucson, Arizona, completed its acquisition of Republic Bank of Arizona, Phoenix, Arizona, the wholly-owned subsidiary of RBAZ Bancorp, Inc. Following the completion of the acquisition, Pima Federal Credit Union has approximately $1.5 billion in assets and a network of thirteen banking locations.

Luse Gorman served as legal counsel to Pima Federal Credit Union in the transaction. The Luse Gorman team consisted of Jeff Cardone, Michael Brown, Brendan Clegg and Keeler Fina.

Luse Gorman has acted as counsel on more than 150 bank and credit union M&A transactions during the past ten years, including more than 40 transactions involving credit union acquisitions of banks, and on 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.

Luse Gorman Served as Legal Counsel to Winchester Savings Bank in its MHC Reorganization and $40.0 Million Stock Offering

May 9, 2025

On April 30, 2025, Winchester Savings Bank, Winchester, Massachusetts, completed its reorganization from a mutual savings bank to the mutual holding company form of organization.