On March 14, 2023, 1831 Bancorp, MHC, Dedham, Massachusetts, and South Shore Bancorp, MHC, South Weymouth, Massachusetts, announced their agreement to form a strategic partnership through the merger of 1831 Bancorp, MHC and South Shore Bancorp, MHC. South Shore Bank and Dedham Institution for Savings, the bank subsidiaries of South Shore Bancorp, MHC and 1831… Read more »
Posts By: tames
Alert – Considerations for Credit Unions in the Wake of Recent Bank Failures
To our clients and friends: In light of the recent large bank failures, our Alert regarding items that credit unions should consider is available here. To diversify sources of liquidity, eligible credit unions should consider getting NCUA preapproval to issue subordinated debt, which is discussed in our Alert.
Luse Gorman, PC White Paper – The NCUA’s Final Rule on Subordinated Debt
Luse Gorman, PC White Paper – The NCUA’s Final Rule on Subordinated Debt
Alert – Considerations and Measures for Banks in the Wake of Silicon Valley Bank and Signature Bank Failures
To our clients and friends: In light of the recent large bank failures, our Alert regarding items that financial institutions should consider is available here.
Luse Gorman is Legal Counsel to LINKBANCORP, Inc. in its Proposed Merger with Partners Bancorp
On February 22, 2023, LINKBANCORP, Inc., Camp Hill, Pennsylvania, entered into a merger agreement with Partners Bancorp, Salisbury, Maryland, pursuant to which Partners will merge with and into LINKBANCORP in an all-stock transaction valued at approximately $167.8 million. LINKBANCORP, Inc. is the holding company for LINKBANK and has approximately $1.2 billion in total assets. Partners… Read more »