On September 24, 2022, Tom Hutton presented, together with professionals from S.R. Snodgrass, at the annual CEO Breakfast Session at the PACB Annual Convention. Luse Gorman has been a long-time presenter at the CEO Breakfast. Mr. Hutton led a discussion on current trends in community banking, including topics related to mergers and acquisitions, corporate structure alternatives,… Read more »
Posts By: tames
Luse Gorman Served as Legal Counsel to Citizens Bank of Cape Vincent in its Merger with Gouverneur Savings and Loan Association
On September 16, 2022, Citizens Bank of Cape Vincent, a New York commercial bank, completed its merger with Gouverneur Savings and Loan Association, a New York savings and loan association, which is a wholly owned subsidiary of Gouverneur Bancorp. Inc., a federally chartered holding company, whose parent company is Cambray Mutual Holding Company, a federally… Read more »
Scott A. Brown and Lawrence M. F. Spaccasi presented at the Massachusetts Bankers Association 2022 Annual Compensation Conference
Scott A. Brown and Lawrence M. F. Spaccasi presented “The Role of Compensation in M&A Transactions” at the Massachusetts Bankers Association 2022 Annual Compensation Conference in Framingham, Massachusetts. Noting how compensation and employee benefit-related matters can impact pricing, deal timing and employee retention, this session focused on how compensation matters affect transactions and what should be done in… Read more »
Newsletter – Adjustable Interest Rate (LIBOR) Act
To our clients and friends: The Board of Governors of the Federal Reserve System has proposed regulations to implement the Adjustable Interest Rate Act (the “LIBOR Act”). The LIBOR Act and the Federal Reserve’s proposed implementing regulations are intended to address the discontinuation of the USD LIBOR benchmarks on June 30, 2023, by establishing a… Read more »
Luse Gorman Served as Legal Counsel to LINKBANCORP, Inc. in its $34.3 Million Initial Public Offering
On September 16, 2022, LINKBANCORP, Inc., the holding company of The Gratz Bank, including its LINKBANK division, closed its initial public offering of common stock. LINKBANCORP sold 4,575,000 shares of its common stock at a public offering price of $7.50 per share. This is the second firm commitment Bank IPO completed this year. Luse Gorman… Read more »