Luse Gorman, PC is pleased to announce that we are again the No. 1 legal advisor in the nation, based on number of transactions, for bank merger and acquisitions as reported by S&P Global Market Intelligence. The firm served as counsel for 22 merger transactions in 2018, covering a broad spectrum of deal types and… Read more »
Posts By: tames
Federal Regulators Propose a Community Bank Leverage Ratio Capital Framework for Community Banks with Less Than $10 Billion in Assets
On November 21, 2018, the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation (the “Federal Agencies”) jointly issued a proposed rule to simplify the regulatory capital requirements for eligible community banks and holding companies, as required by Section 201 of the… Read more »
Luse Gorman Serves as Legal Counsel to Berkshire Hills Bancorp, Inc. in its Proposed Acquisition of SI Financial Group, Inc.
On December 11, 2018, Berkshire Hills Bancorp, Inc. (“Berkshire”), Boston, Massachusetts, the holding company for Berkshire Bank, and SI Financial Group, Inc. (“SIFI”), Willimantic, Connecticut, the holding company for Savings Institute Bank and Trust Company, announced a definitive merger agreement pursuant to which SIFI will merge with and into Berkshire, with Berkshire as the resulting… Read more »
Luse Gorman is Legal Counsel to BSB Bancorp, Inc. in its Proposed Merger with People’s United Financial, Inc.
On November 27, 2018, BSB Bancorp, Inc., Belmont, Massachusetts, the holding company for Belmont Savings Bank, and People’s United Financial, Inc., Bridgeport, Connecticut, the holding company for People’s United Bank, announced a definitive merger agreement pursuant to which BSB Bancorp will merge with and into People’s United, with People’s United as the resulting company. BSB… Read more »
Jeff Cardone presented at The Bonadio Group and M&T Bank 2018 Financial Institutions Seminar
On Thursday, November 8, 2018, Jeff Cardone gave a presentation on “The Financial Regulatory Environment and Other Hot Topics Impacting Community Banks” at The Bonadio Group and M&T Bank 2018 Financial Institutions Seminar in Syracuse, NY. The presentation focused on the current trends in community banking, including discussions about the Economic Growth, Regulatory Relief and… Read more »