On October 7, 2022, Hometown Financial Group, Inc. Easthampton, Massachusetts, the multi-bank holding company for bankESB, bankHometown and Abington Bank, completed its acquisition of Randolph Bancorp, Inc., Quincy, Massachusetts. Immediately following that merger, Abington Bank, Abington, Massachusetts, acquired Envision Bank, Randolph, Massachusetts, a wholly-owned subsidiary of Randolph Bancorp. The all-cash transaction was valued at approximately… Read more »
Posts By: tames
Newsletter – Regulators Provide Guidance on Recent M&A
To our clients and friends: Federal Reserve Governor Michelle Bowman recently discussed the need to modernize methods used to analyze effects on competition in markets when evaluating mergers and acquisitions. Our Alert regarding Governor Bowman’s comments is available here.
Luse Gorman is Legal Counsel to Lakeland Bancorp, Inc. in its Proposed Merger with Provident Financial Services, Inc.
On September 27, 2022, Lakeland Bancorp, Inc., Oak Ridge, New Jersey, announced the signing of a merger agreement with Provident Financial Services, Inc., Iselin, New Jersey, pursuant to which Lakeland Bancorp will merge with and into Provident in an all-stock transaction valued at approximately $1.3 billion, which represents the second-largest U.S. bank deal announced in 2022…. Read more »
Lawrence M.F. Spaccasi presented at the 2022 ABA Annual Convention in Austin, Texas
Lawrence M.F. Spaccasi conducted a presentation on the subject of the covered savings association election (“CSA Election”) at the 2022 ABA Annual Convention in Austin, Texas on October 4, 2022. He spoke about the issues and procedures involved with the CSA Election, which allows federal savings associations that are OCC regulated to be regulated as if… Read more »
Luse Gorman Served as Legal Counsel to Quarry City Savings and Loan Association in its Merger with Community National Bank & Trust
On September 23, 2022, Quarry City Savings and Loan Association, Warrensburg, Missouri, completed its merger into Community Bancorp, Inc., Chanute, Kansas, and its wholly owned subsidiary, Community National Bank & Trust. Luse Gorman served as legal counsel to Quarry City in the transaction. The Luse Gorman team consisted of Steven Lanter, Thomas Hutton and Ellie… Read more »