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Luse Gorman, PC


5335 Wisconsin Avenue, NW
Suite 780
Washington, D.C. 20015

Phone: 202.274.2000
Fax: 202.362.2902

 

 

 

 

 

 

 

 

 

 

 

     
     
 

[2016-11-15]

Eric Luse and Kent Krudys presented at the Pennsylvania Association of Community Bankers Mutuality Conference in Hershey, Pennsylvania

 
     
 

Messrs. Luse and Krudys presented “Charter Choice; Opportunities and Challenges” at the Pennsylvania Association of Community Bankers Mutuality Conference in Hershey, Pennsylvania.  The presentation focused on the advantages and disadvantages of the available charter options for mutual institutions. 

A copy of the presentation can be found here.

 
   
 

[2016-10-16]

John Gorman and Larry Spaccasi presented at the American Bankers Association 2016 Annual Convention

 
     
 

Messrs. Gorman and Spaccasi presented “The Board’s Role in Merger and Acquisition Transactions” at the Director’s Boot Camp at the 2016 ABA Annual Convention in Nashville, Tennessee. The presentation focused on the current state of the bank merger market, types of solicitation processes, fiduciary duties of the Board when assessing merger transactions, regulatory and stockholder approval issues and practical considerations for Boards in merger transactions.

A copy of the presentation can be found here.

 
   
 

[2016-09-24]

Scott A. Brown and Thomas P. Hutton presented at the Pennsylvania Association of Community Bankers 2016 Annual Convention

 
     
 

Messrs. Brown and Hutton presented “The Current Issues Facing the Leadership of Today’s Community Banks” at the PACB 2016 Annual Convention in Lake Buena Vista, Florida.  The presentation focused on critical issues facing the leadership of community banks such as an update on the industry, legislative and regulatory issues and M&A. 

A copy of the presentation can be found here.

 
   
 

[2016-06-24]

 

Luse Gorman Served as Legal Counsel to Lincoln Park Bancorp in its Subordinated Note Issuance

 
     
 

On June 24, 2016, Lincoln Park Bancorp, Lincoln Park, NJ completed a private issuance of a $5 million, fixed-rate subordinated term note to a qualified institutional investor. The note is intended to qualify as Tier 2 capital under the Federal Reserve Board’s regulatory capital guidelines. The note matures on July 1, 2026, unless prepaid earlier.

Luse Gorman served as legal counsel to Lincoln Park Bancorp in the transaction. The Luse Gorman team was led by Eric Luse (Corporate/Securities) and Victor Cangelosi (Corporate/Securities).

Lincoln Park Bancorp, with approximately $257.9 million in total assets, is the holding company for Lincoln 1st Bank, which operates two banking offices in Lincoln Park and Montville, New Jersey.
 
   
 

[2016-06-24]

 

Luse Gorman Acts as Counsel to Berkshire Hills Bancorp and Berkshire Bank in their Proposed Merger with First Choice Bank

 
     
 

On June 24, 2016, Berkshire Hills Bancorp, Inc. (“Berkshire Hills”), Berkshire Bank, Pittsfield, Massachusetts, and First Choice Bank, (“First Choice”), Lawrenceville, New Jersey, entered into an agreement pursuant to which Berkshire Bank will acquire First Choice for approximately $111.7 million in Berkshire Hills common stock. First Choice Loan Services Inc., a mortgage lending subsidiary of First Choice, will become a subsidiary of Berkshire Bank. Under the terms of the merger agreement, First Choice shareholders will be entitled to receive 0.5773 shares of Berkshire Hills common stock per share of First Choice common stock.

Luse Gorman acted as legal counsel to Berkshire Hills and Berkshire Bank in the transaction. The Luse Gorman team was led by Lawrence M.F. Spaccasi (Corporate/M&A), Marc P. Levy (Corporate/M&A) and Max Seltzer (Executive Compensation), and included Megan McKinney (Corporate/M&A).

Berkshire Hills has approximately $7.8 billion in total assets and operates 93 banking offices in Massachusetts, New York, Connecticut, and Vermont.

First Choice has approximately $1.1 billion in total assets and operates 8 banking offices near Princeton, New Jersey and the greater Philadelphia area. First Choice Loan Services Inc. operates loan production offices in New Jersey, Pennsylvania, Texas, New Mexico, Arizona and California.
 
   
 

[2016-06-23]

Larry Spaccasi and Gary Lax presented at the New Hampshire Bankers Association 2016 Annual Meeting.

 
     
 

Messrs. Spaccasi and Lax presented “Current Issues Facing Financial Institutions” at the NHBA 2016 Annual Meeting in Concord, NH.  The presentation focused on current bank regulatory issues and expectations.    

A copy of the presentation can be found here.

 
   
 

[2016-06-08]

Eric Luse and Thomas Hutton presented at the Florida Bankers Association 2016 Annual Meeting.

 
     
 

Messrs. Luse and Hutton presented “Corporate Governance Hot Buttons in Today's Regulatory Environment” at the FBA 2016 Annual Meeting in Miami, Florida.  The presentation focused on the current standards and expectations for governance.  

A copy of the presentation can be found here.

 
   
 

[2016-05-13]

Eric Luse and Larry Spaccasi presented at the Pennsylvania Bankers Association 2016 Annual Meeting.

 
     
 

Messrs. Luse and Spaccasi presented “Corporate Governance Hot Buttons in Today's Regulatory Environment” at the PBA 2016 Annual Meeting in Bermuda.  The presentation focused on the current standards and expectations for governance.  

A copy of the presentation can be found here.

 
   
 

[2016-05-13]

 

John Gorman presentated at the New Jersey Bankers Association Annual Conference.
 
     
 

John Gorman gave a presentation at the New Jersey Bankers Association Annual Conference in Scottsdale, AZ, entitled “The Current M&A Landscape and the Basics of an M&A Transaction”.

A copy of the presentation can be found here.

 
   
 

[2016-04-13]

 

Lawrence M.F. Spaccasi presented at the Massachusetts Bankers Annual Convention.
 
     
 

Lawrence M.F. Spaccasi gave a presentation at the Massachusetts Bankers Annual Convention in Scottsdale, AZ, entitled “Corporate Governance Hot Buttons in Today's Regulatory Environment”. The presentation focused on the current standards and expectations for governance.  

A copy of the presentation can be found here.

 
   
 

[2016-01-08]

Luse Gorman Again is Ranked the No. 1 Law firm nationally for Bank Mergers and Acquisitions in 2015.

 
     
 

Luse Gorman PC is proud to announce that it was again the No.1 law firm in the nation for bank and thrift mergers and acquisitions occurring in 2015, with 18 transactions.

A copy of the announcement can be found here.

 
   
 

[2016-01-08]

 

Luse Gorman Once Again is Ranked the No. 1 Law firm nationally for Mutual-to-Stock Conversion Transactions

 
     
 

We are pleased to announce that Luse Gorman has once again received the No. 1 National Ranking as legal counsel for mutual-to-stock conversion transactions, as reported by SNL for conversion transactions completed in 2015. Luse Gorman has now been recognized as the No. 1 ranked law firm for over 10 years. We appreciate the continued confidence and support of our clients which has allowed our conversion practice to consistently achieve the highest results.

 

A copy of the announcement can be found here.

 
   
 

[2016-01-06]

 

Luse Gorman Represents Cape Bancorp, Inc. in its Proposed Merger with OceanFirst Financial Corp.

 
     
 

On January 5, 2016, Cape Bancorp, Inc. (“Cape”), Cape May Court House, New Jersey and OceanFirst Financial Corp. (“OceanFirst”), Toms River, New Jersey, announced that they have agreed to merge pursuant to which OceanFirst will acquire Cape for approximately $208.1 million in OceanFirst stock and cash. Upon completion of the merger, Cape Bank, the subsidiary of Cape, will merge into OceanFirst Bank, the subsidiary of OceanFirst. Under the terms of the merger agreement, Cape shareholders will receive $2.25 in cash and 0.6375 shares of OceanFirst common stock for each share of Cape common stock owned. As a result, the overall consideration will be 85% stock and 15% cash.

Luse Gorman represented Cape in the transaction. The Luse Gorman team was led by Eric Luse and Marc Levy (Corporate/M&A), and Beverly White (Executive Compensation), and included Megan McKinney and Zachary Davis (Corporate/M&A).

OceanFirst has approximately $2.6 billion in total assets and operates 27 branches located in Ocean, Monmouth and Middlesex Counties, New Jersey.

Cape has approximately $1.6 billion in total assets and operates 22 full-service banking centers and five loan offices throughout southern New Jersey and the Philadelphia metropolitan area.

 
   
 

[2015-09-28]

Kent M. Krudys and Thomas Hutton presented at the Pennsylvania Association of Community Bankers 2015 Annual Convention.

 
     
  Messrs. Krudys and Hutton presented “Current Issues Facing Financial Institutions” at the PACB 2015 Annual Convention in Colorado Springs, Colorado.  The presentation focused on critical issues facing the leadership of community banks such as emerging performance and growth trends, regulatory issues, capital planning and M&A.    
   
 

[2015-08-26]

Luse Gorman Represents Northfield Bancorp, Inc. in its Proposed Acquisition of Hopewell Valley Community Bank

 
     
 

On August 25, 2015, Northfield Bancorp, Inc., Woodbridge, New Jersey, and its wholly-owned subsidiary, Northfield Bank, entered into an agreement to acquire Hopewell Valley Community Bank (“Hopewell Valley”), Pennington, New Jersey, for approximately $54.9 million.  Under the merger agreement, Hopewell Valley will merge into Northfield Bank with Northfield Bank as the resulting bank.  Hopewell Valley shareholders will receive, at their election, either $14.50 in cash or 0.9592 shares of Northfield Bancorp common stock for each Hopewell Valley common share, subject to the requirement that, in the aggregate, 75% of Hopewell Valley’s shares of common stock will be converted into Northfield Bancorp common stock and 25% of Hopewell Valley’s shares of common stock will be converted into cash.

Luse Gorman represented Northfield Bancorp in the transaction.  The Luse Gorman team was led by Eric Luse, Ned Quint and Scott Brown (Corporate/M&A) and Beverly White and Jeff Cardone (Executive Compensation).

Northfield Bancorp has approximately $3.15 billion in total assets and operates 30 full-service offices in Staten Island and Brooklyn, New York and Middlesex and Union Counties, New Jersey.

Hopewell Valley has approximately $495 million in total assets and operates ten full-service offices located in Hunterdon, Mercer and Somerset Counties, New Jersey.

 
   
 

[2015-07-28]

 

Luse Gorman Represents ESSA Bancorp, Inc. in its Proposed Acquisition of Eagle National Bancorp, Inc.

 
     
 

On July 28, 2015, ESSA Bancorp, Inc. (“ESSA Bancorp”), Stroudsburg, Pennsylvania, entered into an agreement to acquire Eagle National Bancorp, Inc. (“EN Bancorp”), Upper Darby, Pennsylvania, for approximately $25.3 million.  Upon completion of the merger, Eagle National Bank, the subsidiary of EN Bancorp, will merge into ESSA Bank & Trust, the subsidiary of ESSA Bancorp.  Under the terms of the merger agreement, EN Bancorp shareholders will receive a cash payment equal to $5.80 per share of common stock.

 

Luse Gorman represented ESSA Bancorp in the transaction.  The Luse Gorman team was led by John Gorman and Marc Levy (Corporate/M&A) and Jeff Cardone and Norma Sharara (Executive Compensation), and included Zachary Davis (Corporate/M&A).

ESSA Bancorp has approximately $1.58 billion in total assets and operates 27 full-service offices throughout the Greater Pocono, Lehigh Valley and Scranton/Wilkes-Barre areas in Pennsylvania.

 

EN Bancorp has approximately $175.7 million in total assets and operates 5 full-service offices located in Montgomery, Chester and Delaware Counties, Pennsylvania.

 
   
 

[2015-07-21]

 

Luse Gorman is ranked No. 1 merger and acquisition counsel for the first half of 2015.

 
     
 

We are pleased to announce that Luse Gorman has received the No. 1 National Ranking as legal counsel for merger and acquisition transactions, as reported by SNL for M&A transactions completed for the first half of 2015. We appreciate the continued confidence and support of our clients which has allowed our M&A practice to consistently achieve the highest results.

 

A copy of the announcement can be found here.

 
   
 

[2015-07-20]

 

Luse Gorman annouces that Scott A. Brown has become a partner of the firm.

 
     
 

Mr. Brown was formerly a partner in the Washington, D.C. office of the law firm of Kilpatrick Townsend & Stockton LLP. Mr. Brown’s practice focuses on representing community banks on capital raising transactions, mergers and acquisitions, SEC, corporate and regulatory matters.

 

A copy of the announcement can be found here.

 
   
 

[2014-10-21]

 

Eric Luse and Kent Krudys presented at the ICBA's Mutual Council/Committee at its Fall Strategic Planning Session
 
     
 

Eric Luse and Kent Krudys recently presented to ICBA’s Mutual Council/Committee at its Fall Strategic Planning Session on the current landscape for mutuals (by way of numbers); charter choice for mutuals; the national mutual bank charter proposal; Commissioner Curry’s comments regarding charter choice and regulatory reform (relief) for mutuals; and concludes with strategies for success for mutual banks. 

A copy of the presentation can be found here.

 
   
 

[2014-09-08]

 

Lawrence M.F. Spaccasi  and Kent M. Krudys presented at the Pennsylvania Association of Community Bankers 2014 Annual Convention.
 
     
 

Messrs. Spaccasi and Krudys presented “Current Issues Facing Financial Institutions” at the PACB 2014 Annual Convention in Amelia Island, Florida.  The presentation focused on critical issues facing the leadership of community banks such as emerging performance and growth trends, regulatory issues, capital planning and M&A.  

 
   
 

[2014-05-15]

 

Kent Krudys presented at the Cape Cod Conference at Blue Rock
 
     
  Kent Krudys gave a presentation at the Cape Cod Conference at Blue Rock, South Yarmouth, MA entitled “Vendor Risk Management in the New Regulatory Environment”. He discussed the recent guidance issued by the banking regulators regarding third party relationships, vendor management and vendor contract review in general.  The discussion also included practical measures that can be taken to strengthen and document vendor selection and management systems and preparedness for strategic transactions.  
   
 

[2014-05-08]

 

Norma Sharara spoke at PACB Human Resources Conference
 
     
  Norma Sharara presented “A Retirement Plan Compliance Checklist” for both mutual and stock community banks at the Pennsylvania Community Bankers Association Annual Human Resources Conference.  
   
 

[2014-05-03]

 

Kent Krudys and Lawrence M.F. Spaccasi presented at the Massachusetts Bankers Annual Convention
 
     
  Kent Krudys and Lawrence M.F. Spaccasi gave a presentation at the Massachusetts Bankers Annual Convention in Manalapan, FL, entitled “Vendor Risk Management in the New Regulatory Environment”. They discussed the recent guidance issued by the banking regulators regarding third party relationships, vendor management and vendor contract review in general.  The discussion also included practical measures that can be taken to strengthen and document vendor selection and management systems and preparedness for strategic transactions.  
   
 

[2014-05-02]

 

Eric Luse gave a presentation on Mergers and Acquisitions at the New Jersey Bankers Association Annual Convention
 
     
  Eric Luse gave a presentation at the New Jersey Bankers Association Annual Convention in Marco Island, FL, entitled “M&A:  Getting Your Deal Done in the Current Business, Regulatory and Shareholder Environment”.  
   
 

[2014-01-26]

Eric Luse and John Gorman spoke at Bank Director's "Acquire or Be Acquired" mergers and acquisition conference.

 
     
 

Eric Luse and John Gorman spoke at Bank Director’s “Acquire or Be Acquired” mergers and acquisitions conference on January 26-28, 2014.  Their topic was “Getting Your Deal Done in the Current Business, Regulatory and Shareholder Environment.”

 
   
 

[2014-01-10]

Luse Gorman is ranked No. 1 stock conversion counsel for 2013.

 
     
 

Luse Gorman was the No. 1 stock conversion counsel in 2013 measured by both number of deals and gross proceeds.  Luse Gorman completed two-thirds of all conversion transactions in 2013, which transactions had gross proceeds exceeding $575.0 million, representing 85% of all conversion proceeds for 2013.  Luse Gorman has been ranked as the number one conversion counsel every year since 2000.

 
   
 

[2013-11-07]

Kip Weissman spoke at the Ohio Bankers League 2013 Annual Meeting.

 
     
 

Kip Weissman presented on “Mutual Institution Partnerships in an Era of Financial Consolidation” at the Ohio Bankers League 2013 Annual Meeting at The Fawcett Center, Columbus, Ohio. Mr. Weissman explored the unique challenges and opportunities faced by mutual institutions considering a merger with, or the acquisition of, another mutual institution.

 
   
 

[2013-10-10]

John Gorman and Lawrence M.F. Spaccasi spoke on Managing the M&A Process in Today's Challenging Environment.

 
     
 

Messrs. Gorman and Spaccasi addressed how to navigate the mergers and acquisition process in an increasingly challenging regulatory and stockholder activist environment. They reviewed current legal developments, governance best practices, litigation risks, disclosure issues and challenges to executing compensation arrangements relating to mergers and acquisitions.

 
   
 

[2013-10-04]

Lawrence M.F. Spaccasi and Ned Quint participate in “Bank M&A: The Lawyers' Perspective."

 
     
 

Messrs. Spaccasi and Quint participated in a presentation sponsored by Boenning and Scattergood which discussed merger and acquisition activity in the financial services sector. The presentation consisted of a discussion of the current trends, legal and regulatory issues and the regulatory challenges facing bank mergers and acquisitions, with a question and answer period following.

 
   
 

[2013-09-23]

Lawrence M.F. Spaccasi  and Kent Krudys presented at the Pennsylvania Association of Community Bankers 2013 Annual Convention.

 
     
 

Messrs. Spaccasi and Krudys presented “Current Issues Facing Financial Institutions” at the PACB 2013 Annual Convention in Boston, Massachusetts.  The presentation focused on (i) Dodd-Frank and the CFPB, (ii) Basel III, (iii) access to capital, (iv) latest trends regarding mergers and acquisitions, and (v) recent trends relating to the regulatory application, examination and enforcement process.  A copy of the presentation can be found here.

 
   
  [2013-06-19]

 

Alan Schick spoke at the Florida Bankers Association 2013 Annual Meeting.

 
     
  Alan Schick presented “Liabilities, Fiduciary Duties and Best Practices For Bank Directors and Officers” at the Florida Bankers Association 2013 Annual Meeting in Palm Beach, Florida. Mr. Schick's presentation focused on the fiduciary duties of directors and officers, and the ongoing actions they should take to satisfy their fiduciary obligations. A copy of the presentation can be found here.  
   
  [2013-06-04 to 06-05]

 

Eric Luse and Norma Sharara spoke at PACB Director Conference in Hershey, PA.

 
     
 

Eric Luse and Norma Sharara presented “How to Structure Fair Pay Packages and Other Hot Compensation Topics” for both mutual and stock community banks at the Pennsylvania Community Bankers Association Annual Directors Conference, held at the Hershey Lodge, Hershey, PA

 
   
  [2013-03-26]

 

Norma Sharara spoke at ADP Payroll Seminar in Tysons Corner, VA.

 
     
 

Norma Sharara was a panelist at a breakfast seminar on "Retirement Plans and Fringe Benefit Compliance for Service Contract Act Employers” held on Wednesday, March 26, 2013, from 8:00 am to 10:00 am at The Tower Club, 8000 Towers Crescent Drive, Vienna, VA. 

 
   
 

[2012-11-04 to 11-06]

Norma Sharara spoke at Bank Director Magazine's Annual Conference "Bank Executive and Board Compensation" in Chicago, IL.

 
     
 

Norma Sharara was a panelist for the "Top Challenges for Bank Compensation Committees in 2013" breakout session for community banks. Ms. Sharara also served as an advisor to the all-day "Peer Exchange" for community banks, consisting of compensation committee chairs and human resources officers.

 
   
 

[2012-08-20]

Kent M. Krudys and Lawrence M.F. Spaccasi spoke at the Pennsylvania Association of Community Bankers Annual Convention in Vail, Colorado.

 
     
 

Kent M. Krudys and Lawrence M.F. Spaccasi spoke on ‘Fiduciary Duties, Liability and Best Practices For Bank Directors and Officers’ at the Pennsylvania Association of Community Bankers Annual Convention in Vail, Colorado on August 20, 2012. The presentation focused on the fiduciary duties and potential personal liability of bank directors and officers under various federal and state laws and regulations, recent regulatory enforcement actions, civil money penalties and civil money damages and corporate governance best practices. A copy of the presentation can be found here.

 
   
 

[2012-06-05]

Lawrence M.F. Spaccasi spoke at the Maryland Bankers Association 116th Annual Convention in Kiawah Island, North Carolina.

 
     
 

Lawrence M.F. Spaccasi spoke on ‘Fiduciary Duties, Liability and Best Practices For Bank Directors and Officers’ at the Maryland Bankers Association 116th Annual Convention in Kiawah Island, North Carolina on June 5, 2012. Mr. Spaccasi’s presentation focused on the fiduciary duties and potential personal liability of bank directors and officers under various federal and state laws and regulations, recent regulatory enforcement actions, civil money penalties and civil money damages and corporate governance best practices. A copy of the presentation can be found here.

 
   
 

[2012-06-05]

Norma Sharara and Jeff Cardone spoke at the Pennsylvania Association of Community Bankers Directors Conference in State College, PA.

 
     
  Norma Sharara and Jeff Cardone spoke on "Risk Management Compensation Issues for Board Members" at the Pennsylvania Association of Community Bankers Directors Conference at the Nittany Lion Inn, State College, PA on June 5 and 6, 2012.  Their presentation focused on board oversight of incentive compensation, FDIC golden parachute rules for banks that are (or may become) in "troubled condition," and forthcoming Dodd-Frank guidance on executive compensation.  The session also addressed a wide variety of employment risk-management topics that board members should keep in mind when implementing strategic plans that call for scaling back budgets and headcount.  
   
  [2012-06-04]

Kip Weissman speaks to American Banker on merger of equals.
 
     
  Click here to see the video interview with Kip Weissman.  
   
  [2012-06-04]

Kip Weissman speaks to American Banker on activists investors pushing community banks to sell.
 
     
  Click here to see the video interview with Kip Weissman.  
   
  [2012-05-16]

Norma Sharara spoke at the Pennsylvania Association of Community Bankers Human Resources Conference in Harrisburg, PA.
 
     
  Norma Sharara spoke on "New ERISA Fee Disclosure Rules" at the Pennsylvania Association of Community Bankers Human Resources Conference at the Holiday Inn Harrisburg-Hershey in Grantville, PA on May 16-17, 2012.  Her presentation focused on the sweeping new February 2012 final rules that become effective on July 1, 2012.  Employers must communicate the fees to participants through initial and quarterly notices and must report vendors to the US Department of Labor if the vendor fails to provide the information to the employer.  The session covered electronic delivery of notices and the consequences of failure to comply with the new rules, as well as practical considerations on how to implement the new rules.  
   
  [2012-05-05]

Larry Spaccasi and Norma Sharara spoke at the Massachusetts Bankers Association Annual Convention in Miami, FL.
 
     
 

Larry Spaccasi and Norma Sharara spoke on "Merger and Regulatory Compensation Issues - Avoiding the Traps" at the Massachusetts Bankers Association Annual Convention at Turnberry Isle, Miami, Florida on May 3-6, 2012.  Their presentation focused on board oversight of incentive compensation under the Interagency Guidance on Safety and Soundness of Incentive Compensation, FDIC golden parachute rules for banks that are (or may become) in "troubled condition," and forthcoming Dodd-Frank guidance on executive compensation.

 
   
  [2012-05-01]

Norma Sharara and Jeff Cardone spoke at the Pennsylvania Association of Community Bankers Leadership Conference in Bedford Springs, PA.
 
     
 

Norma Sharara and Jeff Cardone spoke on "Hot Compliance Topics" at the Pennsylvania Association of Community Bankers Leadership Conference at the Omni Bedford Springs Resort in Bedford Springs, PA on May 1-2, 2012.  Their presentation focused on board and senior management oversight that is rquired under the InterAgency Guidance on Safety and Soundness of Incentive Compensation, FDIC golden-parachute rules for banks that are (or may become) in "troubled condition," and forthcoming Dodd-Frank guidance on executive compensation, including claw backs, and internal pay equity, as well as an update on the first year's experiences with "say on pay" shareholder votes.

 
   
 

[2012-01-01]

Luse Gorman receives No. 1 National Ranking for whole bank and thrift acquisitions in 2011.

 
     
  Luse Gorman was ranked the No. 1 legal adviser nationally for whole bank and thrift merger and acquisition transactions with ten acquisitions during the year, as reported by SNL Financial. Complete rankings may be found here.  
   
  [2011-12-13]

Norma Sharara presented at the Pennsylvania Community Bankers Compliance Seminar in Harrisburg, PA. 
 
     
  Norma Sharara presented on ERISA plan audits and compliance issues of particular concern to the IRS and DOL currently in the context of audits of financial institution's benefit plans.  
   
  [2011-12-12]

Beverly White spoke at the 2nd Annual Stern Agee M&A Symposium
 
     
 

Beverly White spoke on “Executive Compensation Planning and Challenges for M&A Transactions in the New Compensation Environment” in Palm Beach, Florida on December 12, 2011.   Her presentation walked the audience through various compensation traps, including excess parachute payment excise taxes, the effect of IRS’ nonqualified deferred compensation rules on change in control payments, TARP restrictions affecting executive compensation and the FDIC golden parachute rules governing compensation paid by institutions designated “in troubled condition.”  She also discussed the new Dodd-Frank stockholder advisory votes on golden parachute payments and the new termination payments table.  A copy of the presentation can be found here.

 
   
  [2011-11-11]

Eric Luse spoke at the New York Bankers Association Financial Services Forum in New York City
 
     
  Eric Luse spoke on ‘What’s Ahead for Mergers and Acquisitions’  at the New York Bankers Association Financial Services Forum in New York City on November 11, 2011.  His presentation also considered how acquirers and targets should prepare themselves for an M&A transactions and new strategies for getting deals approved and completed in the post Dodd-Frank environment.  
   
  [2011-11-07]

Norma Sharara presented at Bank Director Magazine's Annual Conference "Bank Executive and Board Compensation" in Chicago, IL. 
 
     
  Norma Sharara was a panelist for the "Below the Top: Pay for the Non-Executive Suite" main session presentation and "Risk-Weighted Compensation Plans" breakout session for private/thinly traded banks.  Ms. Sharara also served as an advisor to the all-day "Bank Compensation Committee Peer Exchange" for private/thinly traded banks, consisting of compensation committee chairs and human resources officers.  
   
  [2011-11-01]

Luse Gorman has submitted comment letters to the Federal Reserve Board.
 
     
  Luse Gorman has submitted comment letters to the Federal Reserve Board on new holding company regulations, including the Federal Reserve Board’s Interim Final Rule on mutual holding company dividend waivers.  A copy of the letter can be found here.  
   
  [2011-10-20]

Richard Garabedian presented at the Brick and Associates Strategic Conference at Mohegun Sun Casino and Resort in Uncasville, Connecticut.    
 
     
  Richard Garabedian presented on the new National Credit Union Administration fiduciary duty rules for federal credit union directors.  
   
  [2011-09-15]

Richard Garabedian presented at the Brick and Associates Strategic Conference in East Lansing, Michigan.
 
     
  Richard Garabedian presented on the new National Credit Union Administration fiduciary duty rules for federal credit union directors.  
   
  [2011-08-26]

Lawrence M.F. Spaccasi presented at the Pennsylvania Association of Community Bankers Annual Convention in Lake Tahoe, Nevada. 
 
     
  Lawrence M.F. Spaccasi spoke on "Capital Raising and Strategic Planning - Post Dodd-Frank."  Mr. Spaccasi focused on the new laws and regulations affecting strategic planning matters, such as mergers and acquisitions, the changing regulatory capital requirements and raising capital through different structures in today's market and regulatory environment.  Mr. Spaccasi also focused on the new compensation regulations application to financial institution and their affect on M&A.  
   
  [2011-08-04]

Richard Garabedian and Kent Krudys presented at the National Directors' Convention in Las Vegas, Nevada. 
 
     
  Richard Garabedian and Kent Krudys, together with Janice Hollar of RP Financial, presented on the Legal and Financial Ramifications of Mergers and Acquisitions for credit unions. Messrs. Garabedian and Krudys focused on the new fiduciary rules for credit union directors and the new NCUA disclosure rules for mergers.  
   
  [2011-07-14]

Richard Garabedian presented at the Brick and Associates Strategic Conference in East Lansing, Michigan. 
 
     
  Richard Garabedian presented on the new National Credit Union Administration fiduciary duty rules for federal credit union directors.  
   
  [2011-06-16]

Richard Garabedian presented at the Brick and Associates Strategic Conference in Las Vegas, Nevada. 
 
     
  Richard Garabedian presented on the new National Credit Union Administration fiduciary duty rules for federal credit union directors.  
   
  [2011-06-02]

Norma Sharara and Jeffrey Cardone presented at the Pennsylvania Community Bankers Association Directors Conference in Bedford Springs, PA. 
 
     
  Norma Sharara and Jeff Cardone presented "ERISA Fiduciary Bootcamp for Directors" focusing on educating directors about their ERISA fiduciary duties and how to minimize personal liablity and manage risk exposure.  
   
  [2011-05-19]

Norma Sharara and Jeffrey Cardone presented at the Pennsylvania Community Bankers Association Human Resources Conference in Harrisburg, PA. 
 
     
  Norma Sharara and Jeff Cardone presented "How to Survive a DOL Audit," which was a case-study of an actual ERISA plan audit, from start to finish, with an emphasis on how to avoid pitfalls along the way.  
   
 

[2011-05-14]

Eric Luse was a speaker on “Dodd-Frank Implementation” at the New Jersey Bankers Association 107th Annual Conference on May 14 at the Fairmont Turnberry Isle Resort & Club in Aventura, Florida. 

 
     
  Eric Luse discussed the implementation of the Dodd-Frank Act and the challenges it presents to community bankers.  He considered some of the practical as well as legal implications of the merger of the OTS into the Comptroller of the Currency, and the Federal Reserve Board’s assumption of authority to regulate all bank and thrift holding companies.  The discussion also included the Consumer Financial Protection Bureau and the compliance, enforcement and cost considerations associated with the creation of the new bureau.  
   
 

[2011-03-21]

Eric Luse and Kent Krudys presented at the Mutual Institution session at the ICBA Annual Convention in San Diego.

 
     
 

Eric Luse and Kent Krudys presented at the Mutual Institution session at the ICBA Annual Convention in San Diego on March 21, 2010.  The presentation included (1) an overview of Dodd-Frank and its impact on mutual institutions, (2) the alternative corporate structures available to mutual institutions, (3) practical corporate governance issues currently facing mutual institutions and (4) an overview of mutual-to-mutual business combinations.

 

A pdf of the PowerPoint is attached.

 

In addition, at the same conference, Eric Luse also presented at the Mutual Institution "Round Table" Discussion regarding Dodd-Frank and the impact of the sunset of the OTS.

 
   
  [2011-02-07]

Richard Garabedian presented at the Metropolitan Area Credit Union Management Association Director Training Session in Rosslyn, Virginia. 
 
     
  Richard Garabedian presented on the new National Credit Union Administration fiduciary duty rules for federal credit union directors.  
   
  [2011-01-31]

Eric Luse and John Gorman presented at the Bank Director's Acquire or Be Acquired Conference. 
 
     
  Eric Luse and John Gorman gave a presentation on Management and Board Responsibilities in the M&A Process at the Bank Director's Acquire or Be Acquired Conference on January 31, 2011 in Scottsdale, Arizona. .  
   
  [2011-01-09]

Richard Garabedian presented at the Metropolitan Area Credit Union Management Association Dinner Meeting in Rosslyn, Virginia. 
 
     
  Richard Garabedian presented on the new National Credit Union Administration fiduciary duty rules for federal credit union directors.  
   
  [2010-05-11]

Luse Gorman received number one ranking for whole bank and thrift acquisitions in 2009.
 
     
  Luse Gorman was ranked the number one legal adviser for whole bank and thrift merger and acquisition transactions in 2009. The firm was lead counsel on six acquisitions with an aggregate deal value of $293.7 million as reported in the SNL Financial Institutions Deal Book. In 2008, Luse Gorman received the number one ranking by SNL based on total number of whole bank and thrift acquisitions..  
   
 
[2010-05-10]

Eric Luse spoke on regulatory reform legislation at the New Jersey Bankers 2010 Annual Convention.
 
Eric Luse spoke on the Financial Reform legislation currently pending in Congress and its likely impact on community banks in America. His presentation focused, in particular, on how the legislation will affect chartering and regulation of community banks. .
 
   
 
[2010-03-02]

Luse Gorman was number one in bank and thrift stock offerings in 2009.
 
Luse Gorman was the number one firm in the nation in total stock offerings by community banks in 2009 as reported in SNL Financial. .
 
   
 
[2010-02-23]

Lawrence Spaccasi spoke on Regulatory Reform Affecting Mutual Banks and Mutual Holding Companies at the Massachusetts Bankers Annual Mutual Bank Mergers and Acquisitions
.
 
Lawrence Spaccasi spoke on Regulatory Reform Affecting Mutual Banks and Mutual Holding Companies at the Massachusetts Bankers Annual Mutual Bank Mergers and Acquisitions on February 23, 2010. Mr. Spaccasi discussed the overall regulatory reforms that have been proposed to date, the expected timing of reforms and the specific provisions of the recently approved House Bill HR 4173 - Wall Street Reform and Consumer Protection Act of 2009 that may affect mutual financial institutions.
 
     
 

 

 


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