On March 31, 2022, Eagle Financial Services, Inc., Berryville, Virginia, the holding company for Bank of Clarke County, completed a private placement of $30.0 million of its 4.50% Fixed-to-Floating Rate Subordinated Notes due 2032. Luse Gorman served as legal counsel to Eagle Financial Services, Inc. in the offering. The Luse Gorman team consisted of Scott… Read more »

On March 28, 2022, Hometown Financial Group, Inc. Easthampton, Massachusetts, entered into a definitive merger agreement to acquire Randolph Bancorp, Inc., Quincy, Massachusetts. Randolph Bancorp stockholders will receive $27.00 in cash per share of Randolph Bancorp common stock for total merger consideration of approximately $146.5 million.  As a part of the transaction, Envision Bank, the… Read more »

On March 22, 2022, Quarry City Savings and Loan Association, Warrensburg, Missouri, entered into a definitive agreement to be acquired by Community Bancorp, Inc., Chanute, Kansas, and its wholly owned subsidiary, Community National Bank & Trust. Quarry City will merge with and into Community National in an all-cash transaction valued at approximately $10.4 million. Quarry… Read more »

On March 18, 2022, First Savings Financial Group, Inc., Jeffersonville, Indiana, the holding company for First Savings Bank, completed a private placement of $31.0 million of its 4.50% Fixed-to-Floating Rate Subordinated Notes due 2032. Luse Gorman served as legal counsel to First Savings Financial Group, Inc. in the offering. The Luse Gorman team consisted of Victor Cangelosi… Read more »

On February 28, 2022, Barksdale Federal Credit Union, Bossier City, Louisiana, announced that it had entered into a purchase and assumption agreement to acquire substantially all of the assets and assume substantially all of the liabilities of HomeBank of Arkansas, Greenbrier, Arkansas. Barksdale Federal Credit Union has approximately $2.0 billion in assets and currently operates… Read more »