On February 4, 2022, Third Century Bancorp, Franklin, Indiana, the holding company for Mutual Savings Bank, completed a private placement of $10.0 million of its 3.75% Fixed-to-Floating Rate Subordinated Notes due 2032. Luse Gorman served as legal counsel to Third Century Bancorp in the offering. The Luse Gorman team consisted of Benjamin Azoff and Ellie Cook. Luse… Read more »
Posts By: tames
Luse Gorman is Legal Counsel to Rosedale Federal Savings and Loan Association in its Proposed Merger with CBM Bancorp, Inc.
On January 28, 2022, Rosedale Federal Savings and Loan Association, Baltimore, Maryland, entered into a definitive merger agreement to acquire CBM Bancorp, Inc., Baltimore, Maryland, and its wholly owned subsidiary, Chesapeake Bank of Maryland. CBM Bancorp stockholders will receive $17.75 in cash per share of CBM Bancorp common stock. The total merger consideration is valued… Read more »
Scott A. Brown and Lawrence M. F. Spaccasi presented at the 2022 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 2019 BankDirector Acquire or Be Acquired Conference in Phoenix, Arizona. The session addressed advance planning steps that are critical for a successful M&A transaction from a seller’s perspective and focused on measures that can be taken well in… Read more »
Luse Gorman is the Top Legal Advisor in 2021 for Subordinated Debt and Equity Offerings
Luse Gorman, PC is pleased to announce that in 2021 we were the No. 1 legal advisor in the nation, based on number of transactions, for common stock and subordinated debt offerings by financial institutions, as reported by S&P Global Market Intelligence. We served as issuer’s counsel in connection with a range of equity and… Read more »
Luse Gorman is Top Legal Advisor for Bank Mergers and Branch Acquisitions in 2021
Luse Gorman, PC is pleased to announce that we are again the No. 1 legal advisor in the nation, based on number of transactions, for bank mergers and branch acquisitions as reported by S&P Global Market Intelligence. The firm served as counsel for 18 bank merger and branch acquisition transactions in 2021, covering a broad… Read more »