On September 5, 2024, The First of Long Island Corporation, Melville, New York, announced the signing of a merger agreement with ConnectOne Bancorp, Inc., Englewood Cliffs, New Jersey, pursuant to which First of Long Island will merge with and into ConnectOne in an all-stock transaction valued at approximately $284 million. The board of directors of… Read more »
Posts By: tames
Alert – Vol. 9 of The Bankers’ Bulletin
To our clients and friends: Today we published Volume 9 of The Bankers’ Bulletin. You can find a copy of this edition here. In this volume, we cover the FDIC’s proposed revisions to its brokered deposit regulation, FRB guidance on utilizing the discount window, the CFPB’s legal victory in a challenge to its small business… Read more »
Luse Gorman Served as Legal Counsel to Michigan State University Federal Credit Union in its Acquisitions of McHenry Savings Bank and Algonquin State Bank
On August 31, 2024, Michigan State University Federal Credit Union, East Lansing, Michigan (MSUFCU) completed its acquisitions of McHenry Savings Bank, McHenry, Illinois and Algonquin State Bank, Algonquin, Illinois. Following the completion of these acquisitions, MSUFCU has approximately $9.0 billion in assets. Luse Gorman served as legal counsel to MSUFCU for both transactions. The Luse… Read more »
Luse Gorman Served as Legal Counsel to Johnson County Bank in its Merger with Skyline Bankshares, Inc.
On September 1, 2024, Johnson County Bank, Mountain City, Tennessee, completed its merger with Skyline Bankshares, Inc., Floyd, Virginia, the holding company for Skyline National Bank. Luse Gorman served as legal counsel to Johnson County Bank in the transaction. The Luse Gorman team consisted of Larry Spaccasi, Zachary Davis and Tom Hutton. Luse Gorman has… Read more »
Alert – Federal Court Strikes Down FTC’s Ban on Non-Compete Agreements
To our clients and friends: On August 20, 2024, the U.S. District Court for the Northern District of Texas issued a ruling which set aside the Federal Trade Commission’s final rule that would have banned certain non-compete agreements between an employer and an employee. Our Alert regarding the court’s decision on non-compete agreements is available… Read more »