On February 10, 2025, Eagle Financial Services, Inc. closed the underwritten public offering of 1,562,500 shares of its common stock at a public offering price of $32.00 per share. In connection with the offering, its shares began trading on the Nasdaq Capital Market. Additionally, on February 13, 2025, the underwriters exercised their overallotment option and… Read more »
Posts By: tames
Luse Gorman Served as Legal Counsel to Catskill Hudson Bank in its Merger with Hudson Valley Credit Union
On January 31, 2025, Catskill Hudson Bank, Kingston, NY and its parent company, Catskill Hudson Bancorp, Inc., completed its merger with Hudson Valley Credit Union, Poughkeepsie, NY. Following the merger, Hudson Valley Credit Union has approximately $7.4 billion in total assets and 32 full-service branches throughout the Hudson Valley and Capital Region. Luse Gorman served… Read more »
Luse Gorman Served as Legal Counsel to Freedom of Maryland FCU in its Merger with Atlantic Financial FCU
On February 1, 2025, Freedom of Maryland Federal Credit Union, Bel Air, Maryland, completed its merger with Atlantic Financial Federal Credit Union, Hunt Valley, Maryland. Freedom of Maryland FCU, as the continuing credit union, has approximately $573.4 million in assets on a combined basis following the merger. Luse Gorman served as legal counsel to Freedom… Read more »
Luse Gorman Served as Legal Counsel to PeoplesBank in its Strategic Partnership with Cornerstone Bank
On January 31, 2025, PeoplesBancorp, MHC, Holyoke, Massachusetts, and SSB Community Bancorp MHC, Spencer, Massachusetts, completed their strategic partnership by merging. PeoplesBank and Cornerstone Bank, the bank subsidiaries of PeoplesBancorp, MHC and SSB Community Bancorp MHC, respectively, remain independent entities under a mutual multi-bank holding company. PeoplesBank has 20 banking centers and approximately $4.4 billion in… Read more »
Alert – Volume 14 of The Bankers’ Bulletin
To our clients and friends: Today we published Volume 14 of The Bankers’ Bulletin, providing our insights into key banking industry developments from January 2025, including: Immediate priorities for Acting FDIC Chair Hill; OCC enforcement actions against former Wells Fargo officers; Proposed federal legislation to ease de novo bank formation; NYDFS’ proposed regulations to prohibit overdraft… Read more »