On July 13, 2022, Van Wert Federal Savings Bank, Van Wert, Ohio, completed its conversion from the mutual form of organization to the stock form of organization. Concurrently, VWF Bancorp, Inc., the newly formed holding company for Van Wert Federal, completed its initial public offering by selling 1,922,924 shares of its common stock at $10.00… Read more »
Posts By: tames
Scott A. Brown and Lawrence M. F. Spaccasi presented at FinPro, Inc. Webinar
Scott A. Brown and Lawrence M. F. Spaccasi presented “Hot Topics Affecting Community Banks” for a webinar hosted by FinPro, Inc. The webinar addressed the current regulatory environment and certain regulatory, consumer compliance, transactional, ESG and governance and disclosure matters affecting community banks.
“Glossy” Annual Report EDGAR Filing Requirement
To our clients and friends: The SEC has adopted new rules requiring the submission of “glossy” annual reports on EDGAR. The new rules go into effect six months after July 11, 2022. Our Alert regarding the new rules is available here.
Luse Gorman Served as Legal Counsel to Berkshire Hills Bancorp, Inc. in its $100.0 Million Sustainability Bond Offering
On June 30, 2022, Berkshire Hills Bancorp, Inc., Boston, Massachusetts, the holding company for Berkshire Bank, completed a public offering of $100.0 million of its 5.50% Fixed-to-Floating Rate Subordinated Notes due 2032. Berkshire Hills Bancorp, Inc. is the first public U.S. community bank holding company with under $150 billion in assets to issue a Sustainability… Read more »
Luse Gorman Served as Legal Counsel to Northfield Bancorp, Inc. in its $62.0 Million Subordinated Debt Issuance
On June 17, 2022, Northfield Bancorp, Inc., Woodbridge, New Jersey, the holding company for Northfield Bank, completed a private offering of $62.0 million of its 5.00% Fixed-to-Floating Rate Subordinated Notes due 2032. Luse Gorman served as legal counsel to Northfield Bancorp, Inc. in the offering. The Luse Gorman team consisted of Ned Quint, Scott Brown… Read more »