On December 5, 2023, Jeff Cardone presented at The Bonadio Financial Group Financial Institutions Seminar. The session focused on the state of the banking and credit union industry and what is top of mind of bank and credit union management teams and boards related to strategic planning, capital and mergers and acquisitions, and also highlighted… Read more »
Posts By: tames
Luse Gorman Served as Legal Counsel to CB Financial Services, Inc. in the Sale of its Insurance Agency Subsidiary to World Insurance Associates, LLC
On December 8, 2023, CB Financial Services, Inc., Washington, Pennsylvania, the holding company for Community Bank, completed the sale of its insurance agency subsidiary, Exchange Underwriters, Inc., to World Insurance Associates, LLC. CB Financial Services is the bank holding company for Community Bank, a Pennsylvania-chartered commercial bank operating in southwestern Pennsylvania and West Virginia. World… Read more »
Luse Gorman is Legal Counsel to Gorham Savings Bank in its Proposed Merger of Equals with Maine Community Bank
On December 7, 2023, Gorham Savings Bank, Gorham, Maine, and Maine Community Bank, Biddeford, Maine, announced their agreement to form a strategic partnership through the merger of the two banks and their parent holding companies. The merger creates the second largest mutual savings bank in Maine with nearly $2.7 billion in assets. Gorham Savings Bank… Read more »
Luse Gorman Served as Legal Counsel to Evans Bancorp, Inc. in the Sale of its Insurance Subsidiary to Arthur J. Gallagher & Co.
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 »
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 »