On November 30, 2023, Evans Bancorp, Inc., Williamsville, New York, the holding company for Evans Bank, N.A., completed the sale of its insurance subsidiary, The Evans Agency, to Arthur J. Gallagher & Co. Evans Bank, N.A. is a commercial bank operating 18 branches throughout Western New York, with $2.2 billion in assets and $1.8 billion… Read more »
Posts By: tames
Luse Gorman Served as Legal Counsel to LINKBANCORP, Inc. in its Merger with Partners Bancorp
On November 30, 2023, LINKBANCORP, Inc., Camp Hill, Pennsylvania, the holding company for LINKBANK, completed its merger with Partners Bancorp, Salisbury, Maryland, the holding company for The Bank of Delmarva and Virginia Partners Bank. Following the merger, LINKBANCORP, Inc. has approximately $2.8 billion of total assets, $2.3 billion of deposits and $2.2 billion of loans…. Read more »
Luse Gorman is Legal Counsel to Eagle Financial Bancorp, Inc. in its Proposed Merger with LCNB Corp.
On November 29, 2023, Eagle Financial Bancorp, Inc., Cincinnati, Ohio, announced the signing of a merger agreement with LCNB Corp., Lebanon, Ohio, pursuant to which Eagle Financial Bancorp will merge with and into LCNB Corp. in a stock-and-cash transaction valued at approximately $23.1 million. As part of the transaction, EAGLE.bank will merge with and into… Read more »
Scott A. Brown presented at the New Hampshire/Vermont Bankers Association 2023 Fall Compliance Workshop
On November 15, 2023, Scott A. Brown presented at the New Hampshire/Vermont Bankers Association 2023 Fall Compliance Workshop in Concord, New Hampshire. The session focused on certain current federal matters impacting community banks, including a summary of the Supreme Court case analyzing the constitutionality of the CFPB, the current mergers and acquisitions landscape, including a discussion of… Read more »
Luse Gorman Served as Legal Counsel to Idaho Central Credit Union in its $80.0 Million Subordinated Debt Issuance
On November 7, 2023, Idaho Central Credit Union successfully completed a private placement of $80.0 million of subordinated notes in one of the largest single issuances of subordinated debt by a credit union. The subordinated notes are intended to qualify as subordinated debt under NCUA rules and are considered regulatory capital in the calculation of… Read more »