On January 27, 2023, Bancorp 34, Inc., Scottsdale, Arizona, the holding company for Bank 34, completed the second round of a private offering for a total offering of $29.6 million of common stock and preferred stock that is convertible into non-voting common stock. Luse Gorman served as legal counsel to Bancorp 34 in the offering…. Read more »
Posts By: tames
Scott A. Brown and Lawrence M. F. Spaccasi presented at the 2023 BankDirector Acquire or Be Acquired Conference in Phoenix, Arizona
Scott A. Brown and Lawrence M. F. Spaccasi presented “Advice and Counsel for Potential Sellers” at the 2023 BankDirector Acquire or Be Acquired Conference in Phoenix, Arizona. The session focused on the current regulatory climate with regard to M&A with an emphasis on changing regulatory standards for approval of transactions, hot button issues and potential… Read more »
SEC Adopts Mandatory EDGAR Filing Requirement for Form 144
To our clients and friends: The Securities and Exchange Commission recently adopted a rule change mandating that Form 144 be filed electronically using EDGAR. Form 144 is required to be filed by directors, executive officers, large stakeholders, and other insiders for certain resale transactions of securities. The deadline to comply with the new electronic filing… Read more »
Newsletter – New 10b5-1 Plan Rules
To our clients and friends: The SEC recently approved amendments to Rule 10b5-1 regarding insider trading plans to revise the conditions that must be met for insiders to be able to use the 10b5-1 affirmative defense including, among other things, cooling-off periods, representations from plan participants and new periodic disclosure requirements for issuers and their… Read more »
Jeff Cardone presented at The Bonadio Group’s 2022 Financial Institutions Seminar
Jeff Cardone presented at The Bonadio Group’s 2022 Financial Institutions Seminar on December 6, 2022. The presentation titled “M&A Landscape and Key Considerations for Community Banks and Credit Unions” discussed the M&A environment and emerging trends for community banks and credit unions.