Update for SEC Disclosure Requirements

Posted by & filed under Industry Alerts & Publications.

The Securities and Exchange Commission recently adopted amendments that further modernize and simplify the disclosure requirements for filings submitted to the SEC. The attached newsletter provides a review of certain changes resulting from these amendments.

Jeff Cardone presented at the Independent Bankers Association of New York State 2019 Directors Conference on April 16 and April 17, 2019

Posted by & filed under Presentations.

Jeff Cardone presented at the Independent Bankers Association of New York State 2019 Directors Conference on April 16 and April 17. The presentation titled “Considering Capital and M&A in the Strategic Plan.” The presentation focused on how M&A and capital alternatives fit into the Board’s strategic plan and discussed key considerations with respect to raising… Read more »

Luse Gorman Serves as Legal Counsel to Beverly Bank in its Proposed Merger with North Shore Bank

Posted by & filed under Industry Alerts & Publications.

On April 9, 2019, Beverly Financial, MHC, Beverly, Massachusetts, the holding company for Beverly Bank, and North Shore Bancorp, Peabody, Massachusetts, the holding company for North Shore Bank, announced a definitive merger agreement pursuant to which Beverly will merge with and into North Shore. Upon completion of the merger, the resulting institution will have $1.4… Read more »

Luse Gorman Serves as Legal Counsel to Heritage Bancorp in its Proposed Merger with Glacier Bancorp, Inc.

Posted by & filed under Industry Alerts & Publications.

On April 3, 2019, Heritage Bancorp, Reno, Nevada, the holding company for Heritage Bank of Nevada, and Glacier Bancorp, Inc., Kalispell, Montana, the holding company for Glacier Bank, announced a definitive merger agreement pursuant to which Heritage will merge with and into Glacier, with Glacier as the resulting company. Heritage stockholders will receive $12.00 in… Read more »

Thomas P. Hutton presented, together with Fabrizio D’Uva of Pentegra, at the North Carolina Bankers Association 2019 Bank Directors Assembly on March 11, 2019

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Thomas P. Hutton presented, together with Fabrizio D’Uva of Pentegra, at the North Carolina Bankers Association 2019 Bank Directors Assembly on March 11, 2019. The presentation, entitled Lesser Known Issues in M&A Due Diligence and Transactions, focused on some of the lesser known issues that have become very important in mergers and acquisitions. These issues… Read more »