On January 14, 2020, Bristol County Savings Bank, Taunton, Massachusetts, entered into a definitive agreement to acquire Freedom National Bank, Greenville, Rhode Island, pursuant to which Freedom National Bank will be merged with and into Bristol County Savings Bank. Luse Gorman is serving as legal counsel to Bristol County Savings Bank in the transaction. The… Read more »
Posts By: tames
Luse Gorman is Top Legal Advisor for Bank Mergers and Acquisitions in 2019 and for the Past Decade
Luse Gorman, PC is pleased to announce that we are again the No. 1 legal advisor in the nation, based on number of transactions, for bank merger and acquisitions as reported by S&P Global Market Intelligence. The firm served as counsel for 23 merger transactions in 2019, covering a broad spectrum of deal types and… Read more »
Luse Gorman is Legal Counsel to Northfield Bancorp, Inc. in Its Proposed Acquisition of VSB Bancorp, Inc.
On December 23, 2019, Northfield Bancorp, Inc., Woodbridge, New Jersey, the holding company for Northfield Bank, and VSB Bancorp, Inc., Staten Island, New York, the holding company for Victory State Bank, entered into a definitive merger agreement pursuant to which VSB Bancorp will merge with and into Northfield Bancorp, with Northfield Bancorp as the resulting… Read more »
Luse Gorman is Legal Counsel to FSB Bancorp, Inc. in Its Proposed Merger with Evans Bancorp, Inc.
On December 19, 2019, FSB Bancorp, Inc., Fairport, New York, the bank holding company for Fairport Savings Bank, and Evans Bancorp, Inc., Hamburg, New York, the financial holding company for Evans Bank, entered into a definitive merger agreement pursuant to which FSB Bancorp will merge with and into Evans Bancorp, with Evans Bancorp as the… Read more »
FDIC Proposes to Modernize its Brokered Deposit Rules
To our clients and friends: On December 12, 2019, the Federal Deposit Insurance Corporation (the “FDIC”) issued a notice of proposed rulemaking (the “Proposed Rule”) to modernize certain aspects of the FDIC’s brokered deposit regulatory framework so that the classification of a brokered deposit appropriately reflects technological changes in the banking industry. The Proposed Rule… Read more »