Luse Gorman is Legal Counsel to First Interstate Bank in the Proposed Sale of its Arizona and Kansas Banking Offices to Enterprise Bank & Trust

Posted by & filed under Transactions.

On April 28, 2025, First Interstate Bank, Billings, Montana, entered into a definitive agreement to sell twelve branches – its ten Arizona branches and two Kansas branches – to Enterprise Bank & Trust, Clayton, Missouri. Under the agreement, First Interstate Bank will sell the branch facilities together with approximately $740 million in deposits and $200… Read more »

Luse Gorman Served as Legal Counsel to Marathon Bancorp, Inc. in its Conversion and Related $16.9 Million Stock Offering

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On April 21, 2025, Marathon Bancorp, Inc., Wausau, Wisconsin, the holding company for Marathon Bank, completed its conversion from the mutual holding company to the stock holding company form of organization and its related stock offering. A total of 1,693,411 shares of common stock were sold at a price of $10.00 per share.  Marathon Bancorp’s… Read more »

Alert – Volume 16 of The Bankers’ Bulletin

Posted by & filed under Industry Alerts & Publications.

To our clients and friends: Today we published Volume 16 of The Bankers’ Bulletin, providing our insights into key banking industry developments from March 2025, including: The FDIC’s withdrawal of its proposed brokered deposit and corporate governance regulations;; Revisions by the OCC and the FDIC to prior guidance related to engaging in crypto activities; Removal… Read more »

Article – Credit Unions Converting to Mutual Banks – A New Paradigm?

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To our clients and friends: Jeff Cardone, Partner at Luse Gorman, recently authored an article for Tyfone, Inc.’s News & Resource titled “Credit Unions Converting to Mutual Banks – A New Paradigm?” With the threat of taxation, along with calls to consolidate the NCUA with other bank regulators, credit unions are now considering the once… Read more »