On October 10, 2025, First Interstate Bank, Billings, Montana, completed its previously announced sale of twelve branches – ten Arizona branches and two Kansas branches – to Enterprise Bank & Trust. First Interstate Bank, the wholly owned subsidiary of First Interstate BancSystem, Inc., operates in Colorado, Idaho, Iowa, Minnesota, Missouri, Montana, Nebraska, North Dakota, Oregon,… Read more »
Posts By: tames
Alert – Volume 22 of The Bankers’ Bulletin
To our clients and friends: We have updated our monthly Bankers’ Bulletin publication with a revised presentation format, featuring new content and additional practical tips to help banks implement the regulatory developments we cover. Today we published Volume 22, which provides our insights into key banking industry developments from September 2025, including: The FDIC’s removal… Read more »
Alert – Federal Government Shutdown
To our clients and friends: On September 30, 2025, the federal government’s funding ran out resulting in a shutdown beginning on October 1, 2025, which will continue until Congress passes and the President signs new appropriations legislation. Some federal agencies, including the Securities and Exchange Commission, are affected while others, such as federal banking regulators,… Read more »
Alert – SEC Permits Use of Standing Proxies
To our clients and friends: On September 15, 2025, the SEC issued a no-action letter in response to Exxon Mobil Corporation’s request to implement a “retail shareholder voting program” whereby its retail shareholders would authorize the perpetual voting of their shares in favor of management’s recommendations. Our Legal Update, available here, describes the requirements for—… Read more »
Luse Gorman Served as Legal Counsel to Orange County Bancorp, Inc. in its $25.0 Million Subordinated Debt Issuance
On September 25, 2025, Orange County Bancorp, Inc., Middletown, New York, the holding company for Orange Bank & Trust Company, completed a private offering of $25.0 million of 6.50% Fixed-to-Floating Rate Subordinated Notes due 2035. As of June 30, 2025, Orange County Bancorp had $2.6 billion in total assets and 17 full-service offices in New… Read more »