To our clients and friends: On May 19, 2026, the Securities and Exchange Commission proposed a new rule and form amendments that would restructure and streamline filer status categories into two main categories: large accelerated filers and non-accelerated filers. The proposed new rule would also raise the threshold and seasoning requirements for large accelerated filer… Read more »
Posts By: tames
LEGAL UPDATE – FFIEC Proposes Revisions to CAMELS Ratings Framework
To our clients and friends: On May 19, 2026, the FFIEC issued a notice of proposed rulemaking to revise the Uniform Financial Institutions Rating System, commonly known as the CAMELS framework. The proposed changes are the first revisions to this framework since 1996, and will apply to the supervision standards and procedures used for national… Read more »
Legal Update – SEC Semiannual Reporting
To our clients and friends: On May 5, 2026, the Securities and Exchange Commission (the “SEC”) issued a proposed rule to amend periodic reporting requirements for public companies under the Securities Exchange Act of 1934 that have been in place for more than 50 years. Under the proposed rule, reporting companies would be permitted to file… Read more »
Alert – Volume 29 of The Bankers’ Bulletin
Today we published Volume 29 of The Bankers’ Bulletin, which provides our insights into key banking industry developments from April 2026, including the: Proposed revisions to the BSA/AML compliance regime; Banking agencies’ updated model risk guidance; OCC’s regulations to preempt state interchange fee laws; Final community bank leverage ratio rule; FDIC’s report on risks facing… Read more »
Luse Gorman Served as Legal Counsel to LINKBANCORP, Inc. in its Merger with Burke & Herbert Financial Services Corp.
On May 1, 2026, LINKBANCORP, Inc., Camp Hill, Pennsylvania, the holding company for LINKBANK, completed its merger with and into Burke & Herbert Financial Services Corp., Alexandria, Virginia, the holding company for Burke & Herbert Bank & Trust Company. Luse Gorman served as legal counsel to LINKBANCORP in the transaction. The Luse Gorman team consisted… Read more »