On May 24, 2022, PCSB Financial Corporation, Yorktown Heights, New York, announced the signing of a merger agreement with Brookline Bancorp, Inc., Boston, Massachusetts, pursuant to which PCSB Financial Corporation will merge with and into Brookline Bancorp in a stock and cash transaction valued at approximately $313.0 million. Following the transaction, PCSB Bank will operate… Read more »

On May 9, 2022, East Idaho Credit Union, Idaho Falls, Idaho, successfully completed a private placement of $10.0 million of its 5.00% fixed-to-floating rate subordinated notes due May 15, 2032. The subordinated notes are considered regulatory capital in the calculation of East Idaho Credit Union’s net worth ratio and risk-based capital ratio. Luse Gorman served… Read more »

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 »

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 »

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 »