To our clients and friends: Jeff Cardone, Partner at Luse Gorman, recently authored an article for Tyfone, Inc.’s News & Resource titled “Credit Unions Converting to Mutual Banks – A New Paradigm?” With the threat of taxation, along with calls to consolidate the NCUA with other bank regulators, credit unions are now considering the once… Read more »
Posts By: tames
Luse Gorman Served as Legal Counsel to MountainOne Bank in its Proposed Strategic Partnership with Mechanics Bank
On March 25, 2025, MountainOne Financial, MHC, North Adams, Massachusetts, and Mechanics Bancorp, MHC, Taunton, Massachusetts, announced their agreement to form a strategic partnership through the merger of MountainOne Financial, MHC and Mechanics Bancorp, MHC. MountainOne Bank and Mechanics Bank, the bank subsidiaries of MountainOne Financial, MHC and Mechanics Bancorp, MHC, respectively, will remain independent… Read more »
Luse Gorman is Legal Counsel to NuMark Credit Union in its Proposed Acquisition of The Lemont National Bank
On March 12, 2025, NuMark Credit Union (“NuMark”), Joliet, Illinois, announced that it had entered into a definitive agreement to acquire substantially all the assets and assume substantially all the liabilities of The Lemont National Bank (“Lemont”), Lemont, Illinois. NuMark has approximately $850 million in assets and operates 13 branches throughout Northeastern Illinois and Chicagoland…. Read more »
Alert – Volume 15 of The Bankers’ Bulletin
To our clients and friends: Today we published Volume 15 of The Bankers’ Bulletin, providing our insights into key banking industry developments from February 2025, including: CFPB’s pause on all supervision, litigation, and enforcement; The appointment of a new Acting Comptroller and changes to the FDIC Board; Federal and state legislation addressing fair access and… Read more »
Luse Gorman Served as Legal Counsel to Eagle Financial Services, Inc. in its $57.5 Million Equity Offering
On February 10, 2025, Eagle Financial Services, Inc. closed the underwritten public offering of 1,562,500 shares of its common stock at a public offering price of $32.00 per share. In connection with the offering, its shares began trading on the Nasdaq Capital Market. Additionally, on February 13, 2025, the underwriters exercised their overallotment option and… Read more »