Luse Gorman is Legal Counsel to Investors Bancorp, Inc. in its Proposed Merger with Citizens Financial Group, Inc.

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On July 28, 2021, Investors Bancorp, Inc., Short Hills, New Jersey, announced the signing of a definitive merger agreement with Citizens Financial Group, Inc., Providence, Rhode Island, pursuant to which Investors Bancorp, Inc. will merge with and into Citizens Financial Group, Inc. in a stock and cash transaction valued at approximately $3.5 billion. Investors Bancorp,… Read more »

Luse Gorman Served as Legal Counsel to 1895 Bancorp of Wisconsin, Inc. in its Conversion and $35.4 Million Stock Offering

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On July 14, 2021, 1895 Bancorp of Wisconsin, Inc., Greenfield, Wisconsin, the holding company for PyraMax Bank, FSB, completed its conversion from the mutual holding company to the stock holding company form of organization and its related stock offering.  A total of 3,542,000 shares of common stock were sold in the subscription offering at a… Read more »

Luse Gorman Served as Legal Counsel to Magyar Bancorp, Inc. in its Conversion and $39.1 Million Stock Offering

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On July 14, 2021, Magyar Bancorp, Inc., New Brunswick, New Jersey, the holding company for Magyar Bank, completed its conversion from the mutual holding company to the stock holding company form of organization and its related stock offering.  A total of 3,910,000 shares of common stock were sold in the subscription offering at a price… Read more »

Luse Gorman Served as Legal Counsel to Cullman Bancorp, Inc. in its Conversion and $42.8 Million Related Stock Offering

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On July 14, 2021, Cullman Bancorp, Inc., Cullman, Alabama, the holding company for Cullman Savings Bank, completed its conversion from the mutual holding company to the stock holding company form of organization and its related stock offering. A total of 4,284,375 shares of common stock were sold in the subscription offering at a price of… Read more »

Luse Gorman Served as Legal Counsel to Blue Foundry Bank in its Conversion and Related $277.7 Million Stock Offering

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On July 15, 2021, Blue Foundry, MHC, Rutherford, New Jersey, completed its conversion from the mutual holding company to the stock holding company form of organization. Concurrently with the conversion, Blue Foundry Bancorp (the “Company”), the newly formed holding company for Blue Foundry Bank, completed its initial public offering selling 27,772,500 shares of its common… Read more »