To our clients and friends: Today we published Volume 10 of The Bankers’ Bulletin. You can find a copy of this edition here. In this volume, we cover the FDIC and OCC’s final merger policy statements, the FDIC’s proposed rule on account reconciliation, CFPB guidance on overdraft record retention, FRB Vice Chair Barr’s preview of… Read more »
Posts By: tames
Luse Gorman is Legal Counsel to OneAZ Credit Union in its Proposed Acquisition of 1st Bank Yuma
On October 3, 2024, OneAZ Credit Union (“OneAZ”), Phoenix, Arizona, announced that it had entered into a definitive agreement to acquire substantially all the assets and assume substantially all the liabilities of 1st Bank Yuma, Yuma, Arizona, the wholly-owned subsidiary of Western Arizona Bancorp, Inc. OneAZ has approximately $3.3 billion in assets and 195,000 members,… Read more »
Brendan Clegg Presented on Key Regulatory and Enforcement Updates at the 2024 North Carolina Management Forum
On October 1, 2024, Brendan Clegg presented on key bank regulatory and enforcement updates at the 2024 North Carolina Management Forum in Greensboro, North Carolina. The session focused on recent landmark decisions by the Supreme Court that will affect bank relationships with their supervisors, as well as new merger policy statements from the FDIC and OCC,… Read more »
Luse Gorman Served as Legal Counsel to Midland Capital Holdings Corporation and Midland Federal Savings and Loan Association in its Merger with Midfed Acquisition Corp.
On September 20, 2024, Midland Capital Holdings Corporation, the holding company of Midland Federal Savings and Loan Association, a federal savings and loan association headquartered in Bridgeview, Illinois, completed its merger with Midfed Acquisition Corp., a corporation headed by experienced bank executives and investors. The Luse Gorman team consisted of Kip Weissman, Steve Lanter and Max… Read more »
Scott A. Brown participated in State and Federal Legislative and Regulatory Update Panel at the Connecticut Bankers Association 2024 Annual Conference
On September 20, 2024, Scott A. Brown participated in the State and Federal Legislative and Regulatory Update panel at the Connecticut Bankers Association 2024 Annual Conference in Colorado Springs, Colorado. The session focused on certain current federal matters impacting community banks, including a summary of recent Supreme Court cases, the current mergers and acquisitions landscape and the… Read more »