Lawrence M.F. Spaccasi conducted a presentation on the subject of the covered savings association election (“CSA Election”) at the 2022 ABA Annual Convention in Austin, Texas on October 4, 2022. He spoke about the issues and procedures involved with the CSA Election, which allows federal savings associations that are OCC regulated to be regulated as if… Read more »
Posts By: tames
Luse Gorman Served as Legal Counsel to Quarry City Savings and Loan Association in its Merger with Community National Bank & Trust
On September 23, 2022, Quarry City Savings and Loan Association, Warrensburg, Missouri, completed its merger into Community Bancorp, Inc., Chanute, Kansas, and its wholly owned subsidiary, Community National Bank & Trust. Luse Gorman served as legal counsel to Quarry City in the transaction. The Luse Gorman team consisted of Steven Lanter, Thomas Hutton and Ellie… Read more »
Tom Hutton presented at the Pennsylvania Association of Community Bankers Annual Convention
On September 24, 2022, Tom Hutton presented, together with professionals from S.R. Snodgrass, at the annual CEO Breakfast Session at the PACB Annual Convention. Luse Gorman has been a long-time presenter at the CEO Breakfast. Mr. Hutton led a discussion on current trends in community banking, including topics related to mergers and acquisitions, corporate structure alternatives,… Read more »
Luse Gorman Served as Legal Counsel to Citizens Bank of Cape Vincent in its Merger with Gouverneur Savings and Loan Association
On September 16, 2022, Citizens Bank of Cape Vincent, a New York commercial bank, completed its merger with Gouverneur Savings and Loan Association, a New York savings and loan association, which is a wholly owned subsidiary of Gouverneur Bancorp. Inc., a federally chartered holding company, whose parent company is Cambray Mutual Holding Company, a federally… Read more »
Scott A. Brown and Lawrence M. F. Spaccasi presented at the Massachusetts Bankers Association 2022 Annual Compensation Conference
Scott A. Brown and Lawrence M. F. Spaccasi presented “The Role of Compensation in M&A Transactions” at the Massachusetts Bankers Association 2022 Annual Compensation Conference in Framingham, Massachusetts. Noting how compensation and employee benefit-related matters can impact pricing, deal timing and employee retention, this session focused on how compensation matters affect transactions and what should be done in… Read more »