On October 21, 2020, BV Financial, Inc., Baltimore, Maryland, the holding company for BayVanguard Bank, completed a private placement of $35.0 million of its 4.875% Fixed-to-Floating Rate Subordinated Notes due 2030. The notes are intended to qualify as Tier 2 capital for regulatory purposes. Luse Gorman served as legal counsel to BV Financial in the… Read more »

On October 16, 2020, Hoyne Savings Bank, Chicago, Illinois, completed its acquisition of Loomis Federal Savings and Loan Association, Chicago, Illinois. Hoyne Savings Bank is an Illinois-chartered stock savings bank with approximately $510 million in total assets and nine full-service branch offices in the Chicagoland area. Luse Gorman served as legal counsel to Hoyne Savings… Read more »

On October 14, 2020, Pathfinder Bancorp, Inc., Oswego, New York, the holding company for Pathfinder Bank, successfully completed a private placement of $25.0 million of its 5.50% Fixed-to-Floating Rate Subordinated Notes due 2030. The notes are intended to qualify as Tier 2 capital for regulatory purposes. Luse Gorman served as legal counsel to Pathfinder Bancorp,… Read more »

On October 6, 2020, Riverview Financial Corporation, Harrisburg, Pennsylvania, the holding company for Riverview Bank, successfully completed a private placement of $25.0 million of its 5.75% Fixed-to-Floating Rate Subordinated Notes due 2030. The notes are intended to qualify as Tier 2 capital for regulatory purposes. Luse Gorman served as legal counsel to Riverview Financial Corporation… Read more »

On September 30, 2020, UFS Bancorp, Whitinsville, Massachusetts, the mutual holding company for UniBank for Savings, successfully completed a private placement of $10.0 million of its 4.5% fixed rate, non-callable, senior notes maturing in September 2025. Luse Gorman served as legal counsel to UFS Bancorp in the offering. The Luse Gorman team consisted of Lawrence… Read more »