On August 20, 2019, Community First Bancshares, Inc., Covington, Georgia (“Community First”), the holding company for Newton Federal Bank, and ABB Financial Group, Inc., Atlanta, Georgia (“ABB”), the holding company for Affinity Bank, announced the signing of a definitive merger agreement, pursuant to which ABB will merge with and into Community First, with Community First… Read more »
Posts By: tames
Lawrence Spaccasi, John Gorman and Gary Lax Presented at the Bank Leadership and Profitability Improvement Conference
Messrs. Spaccasi, Gorman and Lax presented a variety of subjects at the Crowe, Stifel and Luse Gorman sponsored “Bank Leadership and Profitability Improvement Conference,” held in Miami Beach, Florida. The presentations focused on cannabis bank, cyber security and corporate governance matters and was attended by community banking industry lenders.
Gary Lax presented “Cannabis and Banking” on a panel at the Crowe Leadership Conference
Gary A. Lax presented “Cannabis and Banking” on a panel at the Crowe Leadership Conference on August 20, 2019, in Miami, FL. The panel discussed marijuana-related businesses and Industrial Hemp, the status of federal and state laws, and the elements of a risk assessment and compliance program to on-board customers and provide financial products and… Read more »
Luse Gorman Serves as Legal Counsel to Country Bank Holding Company, Inc. in its Proposed Merger with OceanFirst Financial Corp.
On August 9, 2019, Country Bank Holding Company, Inc., New York, New York (“CYHC”), the holding company for Country Bank, and OceanFirst Financial Corp., Red Bank, New Jersey, the holding company for OceanFirst Bank, N.A., announced the signing of a definitive merger agreement pursuant to which CYHC will merge with and into OceanFirst Financial, with… Read more »
Luse Gorman is Legal Counsel to Sevier County Bancshares, Inc. in its $13 Million Common Stock and Rights Offering
On August 6, 2019, Sevier County Bancshares, Inc. (“Sevier County”), Sevierville, Tennessee, the holding company of Sevier County Bank, announced the completion of its $13 million common stock offering, effective August 1, 2019. The capital raise included shares issued via a securities purchase agreement with a private investor, as well as a rights offering to… Read more »