On October 1, 2026, Randolph-Brooks Federal Credit Union (“RBFCU”), Live Oak, Texas, completed its previously announced merger with True Sky Federal Credit Union, Oklahoma City, Oklahoma. Following the completion of the merger, RBFCU has almost $20 billion in assets and serves over 1.1 million members at more than 70 branch locations throughout Texas and Oklahoma…. Read more »
Posts By: tames
Luse Gorman Submits Comment Letter on FRB Mutual Holding Company Rulemaking Proposal
On October 5, 2026, Luse Gorman submitted a comment letter on the notice of proposed rulemaking entitled Regulatory Modernization and Relief for Mutual Holding Companies, which the Federal Reserve Board recently issued and was the subject of a prior Alert. The comment letter addresses mutual capital instruments, dividend waivers, stock benefit plans and other matters… Read more »
Luse Gorman Submits Comment Letter on FRB Mutual Holding Company Rulemaking Proposal
On October 5, 2026, Luse Gorman submitted a comment letter on the notice of proposed rulemaking entitled Regulatory Modernization and Relief for Mutual Holding Companies, which the Federal Reserve Board recently issued and was the subject of a prior Alert found here. The comment letter addresses mutual capital instruments, dividend waivers, stock benefit plans and… Read more »
Luse Gorman is Serving as Legal Counsel to Gulf Winds Credit Union in its Proposed Acquisition of Peoples Exchange Bank
On September 24, 2026, Gulf Winds Credit Union, Pensacola, Florida, announced that it had entered into a definitive agreement to acquire Peoples Exchange Bank, Monroeville, Alabama, the wholly-owned subsidiary of Peoples Exchange Bancshares, Inc. Gulf Winds Credit Union has $1.4 billion in assets and serves approximately 75,000 members across 12 full-service branches throughout Florida and… Read more »
Legal Update – FDIC Proposes to Modernize Processing and Evaluation of Bank Mergers, and Promote Parity for State Banks and National Banks Providing Services Out-of-State
To our clients and friends: On September 17, 2026, the Federal Deposit Insurance Corporation issued a notice of proposed rulemaking on merger transactions to fundamentally reform the FDIC’s framework for processing and evaluating merger transactions under the Bank Merger Act and a second proposed rule on State bank parity to establish parity between out-of-state State… Read more »