To our clients and friends: On December 10, the National Credit Union Administration issued to all federally insured credit unions Letter 24-CU-03 entitled “Consumer Harm Stemming from Certain Overdraft and Non-Sufficient Funds Fee Practices.” The guidance describes certain fee practices that the NCUA believes are likely considered “unfair” or “deceptive” practices under federal law, exposing… Read more »
Posts By: tames
Luse Gorman is Legal Counsel to Berkshire Hills Bancorp, Inc. in its $100.0 Million Equity Offering
On December 16, 2024, Berkshire Hills Bancorp, Inc. announced that it has entered into subscription agreements with investors to raise $100 million of capital to support its proposed merger of equals with Brookline Bancorp, Inc. Berkshire Hills Bancorp, Inc. is the parent company of Berkshire Bank, a bank located in New England and New York…. Read more »
Luse Gorman is Legal Counsel to Berkshire Hills Bancorp, Inc. in its Merger of Equals with Brookline Bancorp, Inc.
On December 16, 2024, Berkshire Hills Bancorp, Inc., the holding company for Berkshire Bank, and Brookline Bancorp, Inc., the holding company for Brookline Bank, Bank Rhode Island and PCSB Bank, announced their agreement to enter into a merger of equals, with Berkshire Hills Bancorp and Brookline Bank as the surviving entities. The all-stock transaction is… Read more »
Zac Davis presented on M&A and Other Hot Topics for Financial Institutions at Elliott Davis Strategy Forum
Zac Davis presented at the Elliott Davis Financial Services Strategy Forum. The presentation addressed current hot topics for financial institutions focusing on the current regulatory environment, the landscape for mergers and acquisitions and capital raises, a summary of recent Supreme Court cases and the potential effects of the 2024 election for financial institutions.
Volume 12 of The Bankers’ Bulletin
To our clients and friends: Today we published Volume 12 of The Bankers’ Bulletin, our last edition of the year. You can find a copy here. In this volume, we outline some of our early predictions of the potential impacts of the November election on bank regulation, supervision, examination, and enforcement. We also cover the… Read more »