On September 1, 2025, Harborstone Credit Union (“Harborstone”), Lakewood, Washington, completed its purchase of substantially all assets and assumption of substantially all liabilities of SaviBank, Mount Vernon, Washington, the wholly-owned subsidiary of Savi Financial Corporation, Inc. Following the completion of the transaction, Harborstone has approximately $2.7 billion in assets and 26 banking locations throughout Washington…. Read more »
Posts By: tames
Alert – Volume 21 of The Bankers’ Bulletin
To our clients and friends: Today we published Volume 21 of The Bankers’ Bulletin, providing our insights into key banking industry developments from August 2025, including: The Executive Order on debanking; The ending of the FRB’s novel activities supervision program; The FDIC’s proposal to amend its signage regulation; The petition from Senators to reform the… Read more »
Alert – Volume 21 of The Bankers’ Bulletin
Today we published Volume 21 of The Bankers’ Bulletin, providing our insights into key banking industry developments from August 2025, including: • The Executive Order on debanking; • The ending of the FRB’s novel activities supervision program; • The FDIC’s proposal to amend its signage regulation; • The petition from Senators to reform the MRA… Read more »
Luse Gorman Served as Legal Counsel to Berkshire Hills Bancorp, Inc. in its Merger of Equals with Brookline Bancorp, Inc.
On September 1, 2025, Berkshire Hills Bancorp, Inc. (“Berkshire”), the holding company for Berkshire Bank, and Brookline Bancorp, Inc. (“Brookline”), the holding company for Brookline Bank, Bank Rhode Island and PCSB Bank, completed their previously announced merger of equals. Berkshire, now known as Beacon Financial Corporation, and Brookline Bank, now known as Beacon Bank &… Read more »
Luse Gorman Served as Legal Counsel to Land of Lincoln Credit Union in its Proposed Acquisition of Williamsville State Bank and Trust
On August 28, 2025, Land of Lincoln Credit Union (“LLCU”), Decatur, Illinois, entered into a definitive agreement to acquire substantially all the assets and assume substantially all the liabilities of Williamsville State Bank and Trust (“Williamsville”), Williamsville, Illinois. LLCU has approximately $478 million in assets, operates 15 branches and has over 38,000 members. Williamsville has… Read more »