On May 9, 2024, LINKBANK, Camp Hill, Pennsylvania, entered into a definitive agreement to sell its three New Jersey branches to American Heritage Federal Credit Union. Under the agreement, LINKBANK will sell approximately $105 million in deposits and $123 million in loans. The deposit premium is 7%. LINKBANK, the wholly-owned subsidiary of LINKBANCORP, Inc., operates… Read more »
Posts By: tames
Alert – Volume 5 of The Bankers’ Bulletin
To our clients and friends: Today we published Volume 5 of The Bankers’ Bulletin. You can find a copy of this edition here. This volume covers federal policymakers’ comments on bank merger policy reform, CFPB supervisory actions and federal litigation involving fee practices, the FTC’s final rule on non-compete agreements, FRB enforcement focus on change… Read more »
Lawrence M.F. Spaccasi participated in Bank M&A Legal Panel at D.A. Davidson Financial Institutions Conference
On May 9, 2024, Lawrence M.F. Spaccasi participated in the Bank M&A Legal Panel at the D.A. Davidson 26th Annual Financial Institutions Conference in Colorado Springs, Colorado. The session focused on the current mergers and acquisitions landscape, including regulatory issues and concerns.
Luse Gorman Served as Legal Counsel to Lake City Federal Bank in its Merger into Forward Bank
On May 3, 2024, Lake City Federal Bank, Lake City, Minnesota, completed its merger into Forward Bank, Marshfield, Wisconsin. Luse Gorman served as legal counsel to Lake City Federal Bank in the transaction. The Luse Gorman team consisted of Kip Weissman, Zachary Davis and Brendan Saxon. Luse Gorman has acted as counsel on more than 100… Read more »
Luse Gorman is Legal Counsel to Territorial Bancorp Inc. in its Proposed Merger with Hope Bancorp, Inc.
On April 29, 2024, Territorial Bancorp Inc., Honolulu, Hawaii, announced the signing of a merger agreement with Hope Bancorp, Inc., Los Angeles, California, pursuant to which Territorial Bancorp will merge with and into Hope Bancorp in an all-stock transaction valued at approximately $79 million. Territorial Bancorp is the holding company for Territorial Savings Bank and… Read more »