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 »
Posts By: tames
Luse Gorman Served as Legal Counsel to Centreville Bank in its MHC Reorganization
On August 19, 2025, Centreville Bank, West Warwick, Rhode Island, completed its reorganization from a mutual savings bank to the mutual holding company form of organization. Luse Gorman served as legal counsel to Centreville Bank in the transaction. The Luse Gorman team included Kent Krudys and Lawrence M.F. Spaccasi. Centreville, MHC has approximately $2.8 billion in consolidated… Read more »
Luse Gorman is Co-Counsel to BankFinancial Corporation in its Proposed Merger with First Financial Bancorp.
On August 11, 2025, BankFinancial Corporation, Burr Ridge, Illinois, announced the signing of a merger agreement with First Financial Bancorp., Cincinnati, Ohio, pursuant to which BankFinancial will merge with and into First Financial in a stock transaction valued at approximately $142 million. BankFinancial Corporation is the holding company for BankFinancial, NA and has approximately $1.4… Read more »
Article – Banks Deserve the Ability to Appeal Regulators’ Enforcement Actions
To our clients and friends: Brendan Clegg, Partner at Luse Gorman, recently authored an article for American Banker’s BankThink titled “Banks Deserve the Ability to Appeal Regulators’ Enforcement Actions.” As the federal bank regulators reassess various aspects of the supervisory framework and revise their policies and procedures to improve efficiency, there is an opportunity to… Read more »
Legal Update – Executive Order on Debanking
On August 7, 2025, President Trump signed an Executive Order titled “Guaranteeing Fair Banking For All Americans” to combat perceived “politicized or unlawful debanking” practices by regulated financial institutions against persons or entities based on their political affiliations, religious beliefs, or business activities. Our Legal Update, available here, provides an overview of the Executive Order’s… Read more »