Luse Gorman Served as Legal Counsel to Community Bank, N.A.
On June 1, 2026, Community Bank, N.A. (“Community Bank”), a subsidiary of Community Financial System, Inc., completed its acquisition of ClearPoint Federal Bank & Trust in an all-cash transaction valued at $39 million, subject to a potential purchase price adjustment.
Read More...Luse Gorman is Legal Counsel to Bogota Savings Bank in its Proposed Merger with GSL Savings Bank
On June 1, 2026, Bogota Savings Bank, Bogota Financial Corp. and Bogota Financial, MHC, each of Teaneck, New Jersey, entered into a merger agreement with GSL Savings Bank, Guttenberg, New Jersey, pursuant to which GSL Savings Bank will merge with and into Bogota Savings Bank.
Read More...Legal Update – SEC Proposes New Rule to Revise Form S-3 Eligibility Criteria
To our clients and friends:
On May 19, 2026, the SEC proposed a new rule and form amendments aimed at enhancing public companies’ ability to conduct registered offerings. The proposed amendments would enable more public companies to conduct shelf offerings through a Registration Statement on Form S-3, extend well-known seasoned issuer benefits to a broader set of issuers, preempt state “blue sky” securities laws for registered offerings, and modernize the Registration Statement on Form S-1 by expanding the ability to incorporate information by reference into the Form. Our Legal Update on this proposal can be found 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.
Legal Update – SEC Proposes New Rule and Form Amendments to Enhance Emerging Growth Company Accommodations and Simplify Filer Status for Reporting Companies
To our clients and friends:
On May 19, 2026, the Securities and Exchange Commission proposed a new rule and form amendments that would restructure and streamline filer status categories into two main categories: large accelerated filers and non-accelerated filers. The proposed new rule would also raise the threshold and seasoning requirements for large accelerated filer status and extend accommodations and scaled disclosures to all non-accelerated filers. Our Legal Update on this proposal can be found 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.