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.
Posts By: tames
Luse Gorman is Legal Counsel to Land of Lincoln Credit Union in its Proposed Acquisition of Colchester State Bank
On December 21, 2022, Land of Lincoln Credit Union, Decatur, Illinois, entered into a purchase and assumption agreement to acquire substantially all of the assets and assume substantially all of the liabilities of Colchester State Bank, Colchester, Illinois. Land of Lincoln Credit Union has approximately $375 million in assets and currently has 13 branch offices… Read more »
Luse Gorman is Legal Counsel to Pentucket Bank in its Proposed Strategic Partnership with Newburyport Bank
On December 16, 2022, Pentucket Bank Holdings, MHC, Haverhill, Massachusetts, and Newburyport Five Cents Bancorp, MHC, Newburyport, Massachusetts, announced their agreement to form a strategic partnership through the merger of Pentucket Bank Holdings, MHC and Newburyport Five Cents Bancorp, MHC. Newburyport Bank and Pentucket Bank, the bank subsidiaries of Newburyport Five Cents Bancorp, MHC and… Read more »
Luse Gorman is Legal Counsel to First Bank in its Proposed Acquisition of Malvern Bancorp, Inc. and Malvern Bank
On December 14, 2022, First Bank, Hamilton, New Jersey, announced the signing of a merger agreement with Malvern Bancorp, Inc. and Malvern Bank, Paoli, Pennsylvania, pursuant to which Malvern Bancorp, Inc. and Malvern Bank will merge with and into First Bank in a transaction valued at approximately $149.5 million. First Bank has approximately $2.6 billion… Read more »
Luse Gorman is Legal Counsel to Dort Financial Credit Union in its Proposed Acquisition of Flagler Bank
On December 12, 2022, Dort Financial Credit Union, Grand Blanc, Michigan, entered into a definitive agreement to acquire Flagler Bank, West Palm Beach, Florida. Dort Financial Credit Union serves more than 103,000 members, with assets over $1.4 billion and ten locations in Michigan. Flagler Bank has approximately $490 million in assets and currently operates four… Read more »