On May 6, 2022, Dime Community Bancshares, Inc., Hauppauge, New York, the holding company for Dime Community Bank, completed a public offering of $160.0 million of its 5.00% Fixed-to-Floating Rate Subordinated Notes due 2032. Luse Gorman served as legal counsel to Dime Community Bancshares, Inc. in the offering. The Luse Gorman team consisted of Marc… Read more »
Posts By: tames
Luse Gorman Served as Legal Counsel to CORE Federal Credit Union in its Completed Merger with CFCU Community Credit Union
On May 1, 2022, CORE Federal Credit Union, East Syracuse, New York, successfully completed its merger with CFCU Community Credit Union, Ithica, New York. On a combined basis, CFCU Community Credit Union now has approximately $1.48 billion in assets. Luse Gorman served as legal counsel to CORE Federal Credit Union in the transaction. The Luse… Read more »
Luse Gorman is Legal Counsel to PennCrest BANK® in its Proposed Acquisition of a Branch from Mid Penn Bank
On April 20, 2022, PennCrest BANK®, Altoona, Pennsylvania, entered into an agreement pursuant to which it will acquire Mid Penn Bank’s financial center located in Williamsburg, Pennsylvania. PennCrest is expected to acquire approximately $25.4 million of deposits and other liabilities and approximately $2.7 million of loans. PennCrest is a Pennsylvania-chartered mutual savings bank based in… Read more »
Luse Gorman Served as Legal Counsel to LINKBANCORP, Inc. in its $20.0 Million Subordinated Debt Issuance
On April 8, 2022, LINKBANCORP, Inc., Camp Hill, Pennsylvania, the holding company for The Gratz Bank, completed a private placement of $20.0 million of its 4.50% Fixed-to-Floating Rate Subordinated Notes due 2032. Luse Gorman served as legal counsel to LINKBANCORP, Inc. in the offering. The Luse Gorman team consisted of Benjamin Azoff and Ellie Cook. Luse Gorman… Read more »
Luse Gorman Served as Legal Counsel to Investors Bancorp, Inc. in its Merger with Citizens Financial Group, Inc.
On April 6, 2022, Investors Bancorp, Inc., Short Hills, New Jersey, completed its merger into Citizens Financial Group, Inc., Providence, Rhode Island. The stock and cash transaction was valued at approximately $3.4 billion and the consolidated assets of the combined company are valued at approximately $216.0 billion. Luse Gorman served as legal counsel to Investors… Read more »