On December 18, 2019, Kearny Financial Corp., Fairfield, New Jersey, and MSB Financial Corp., Millington, New Jersey, entered into a definitive merger agreement pursuant to which MSB will merge with and into Kearny, with Kearny as the resulting company. MSB shareholders will be eligible to elect to receive 1.3 shares of Kearny common stock or… Read more »
Posts By: tames
Luse Gorman is Legal Counsel to Melrose Bancorp, Inc. in Its Proposed Merger with Cambridge Financial Group, Inc.
On December 18, 2019, Melrose Bancorp, Inc., Melrose, Massachusetts, the holding company for Melrose Bank, and Cambridge Financial Group, Inc., Cambridge, Massachusetts, the mutual holding company for Cambridge Savings Bank, jointly announced that they have entered into a definitive merger agreement, pursuant to which Cambridge Financial Group will acquire Melrose Bancorp. Upon completion of the… Read more »
Luse Gorman is Legal Counsel to RSB Bancorp, MHC in Its Proposed Merger with Columbia Bank, MHC
On December 3, 2019, RSB Bancorp, MHC, Roselle, New Jersey, the mutual holding company of RSB Bancorp, Inc. and Roselle Bank, and Columbia Bank, MHC, Fair Lawn, New Jersey, the mutual holding company of Columbia Financial, Inc. and Columbia Bank, announced the signing of a definitive merger agreement pursuant to which RSB Bancorp, MHC will… Read more »
Banking Agencies Issue Joint Guidance on Banking the Hemp Industry
To our clients and friends: The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency and the Financial Crimes Enforcement Network, in consultation with the Conference of State Bank Supervisors, issued a joint statement today clarifying the legal status of hemp and the… Read more »
Gary Lax and Jeff Cardone presented at Crowe’s 2019 Financial Services Conference
Gary Lax and Jeff Cardone presented at Crowe’s 2019 Financial Services Conference on November 22, 2019 in New York City. The presentation titled “Hot Topics” focused on compensation and M&A trends and regulatory developments impacting financial institutions.