Luse Gorman, PC is pleased to announce that we were the No. 1 legal advisor in the nation for bank mergers in the first half of 2023, based on both the number of transactions and deal value, as reported by S&P Global Market Intelligence. The firm’s merger transactions also included representing the buyer in the… Read more »
Posts By: tames
Luse Gorman is Legal Counsel to Piedmont Federal Savings Bank in its Proposed Merger with Wake Forest Bancshares, Inc.
On June 27, 2023, Piedmont Federal Savings Bank, Winston-Salem, North Carolina, entered into a merger agreement with Wake Forest Bancshares, Inc., Wake Forest, North Carolina. Pursuant to the merger agreement, Wake Forest Bancshares, Inc. will merge with and into Piedmont Federal Savings Bank’s mutual holding company parent, Piedmont Financial Holding Company, in an all-cash remutualization… Read more »
Luse Gorman Served as Legal Counsel to HV Bancorp, Inc. in its Merger with Citizens Financial Services, Inc.
On June 16, 2023, HV Bancorp, Inc., Doylestown, Pennsylvania, the holding company for Huntingdon Valley Bank, completed its merger with Citizens Financial Services, Inc., Mansfield, Pennsylvania, the holding company for First Citizens Community Bank. Luse Gorman served as legal counsel to HV Bancorp, Inc. in the transaction. The Luse Gorman team consisted of Benjamin Azoff, Gregory… Read more »
Benjamin Azoff was a panelist at Street Talk: US Banking Liquidity Crunch – Fundamental Performance and Outlook Event at Convene / The Club Room, NYC
On May 18, 2023, Benjamin Azoff was a panelist at Street Talk: US Banking Liquidity Crunch – Fundamental Performance and Outlook Event hosted by S&P Global Market Intelligence. The event featured two panels of U.S. bank investors and advisers that discussed U.S. bank liquidity trends and their impact on the competitive landscape and investment opportunities… Read more »
Alert – SEC Adopts Amendments to Expand Share Repurchase Disclosure
To our clients and friends: The SEC recently adopted a final rule to expand disclosure requirements related to an issuer’s repurchase of its equity securities, also known “buybacks.” On October 1, 2023, issuers must start tracking new details about all share repurchases. Our Alert regarding the new requirements is available here.