We are pleased to announce that Luse Gorman, PC has again received the No. 1 National Ranking as legal counsel for mutual-to-stock conversions and mutual holding company transactions, as reported by S&P Global Market Intelligence, for transactions completed in 2021. Luse Gorman was the legal advisor on more mutual-to-stock conversion and mutual holding company stock… Read more »
Posts By: tames
Luse Gorman Served as Legal Counsel to Lakeland Bancorp, Inc. in its Acquisition of 1st Constitution Bancorp
On January 6, 2022, Lakeland Bancorp, Inc., Oak Ridge, New Jersey, the holding company for Lakeland Bank, completed its acquisition of 1st Constitution Bancorp, Cranbury, New Jersey, the holding company for 1st Constitution Bank in an all-stock transaction. The combined organization will be the 5th largest bank headquartered in New Jersey with over $10 billion… Read more »
Luse Gorman is Legal Counsel to Citizens Bank of Cape Vincent in its Proposed Merger with Gouverneur Savings and Loan Association
On January 6, 2022, Citizens Bank of Cape Vincent, Cape Vincent, New York, announced the signing of a definitive merger agreement with Cambray Mutual Holding Company, Gouverneur Bancorp, Inc. and Gouverneur Savings and Loan Association, Gouverneur, New York, pursuant to which Citizens Bank of Cape Vincent will merge with and into Gouverneur Savings and Loan… Read more »
Luse Gorman Served as Legal Counsel to BayVanguard Bank in its Completed Acquisition of North Arundel Savings Bank
On January 1, 2022, BayVanguard Bank, Edgemere, Maryland, completed its acquisition of North Arundel Savings Bank, Pasadena, Maryland. As part of the acquisition, BV Financial, Inc., the mid-tier holding company of BayVanguard Bank, issued 251,004 shares of its common stock to Bay-Vanguard, M.H.C., BayVanguard Bank’s mutual holding company parent. On a combined basis, BayVanguard Bank… Read more »
Luse Gorman Served as Legal Counsel to First Financial Credit Union in its $2.0 Million Secondary Capital Issuance
On December 29, 2021, First Financial Credit Union, Skokie, Illinois completed a private placement of $2.0 million of its 4.25% fixed rate subordinated notes due January 1, 2032. The subordinated notes are intended to qualify as secondary capital under NCUA rules. Luse Gorman served as legal counsel to First Financial Credit Union in the offering…. Read more »