On May 1, 2020, FSB Bancorp, Inc., Fairport, New York, the holding company for Fairport Savings Bank, successfully completed its merger with Evans Bancorp, Inc., Hamburg, New York, the holding company for Evans Bank. With $323.3 million in assets, FSB Bancorp, Inc. operated five full-service offices in the greater Rochester metropolitan area. Under the terms of… Read more »
Posts By: tames
Luse Gorman is the Top Legal Advisor in 2019 for Common Stock Offerings
Luse Gorman, PC is pleased to announce that in 2019 we were the No. 1 legal advisor in the nation for common stock offerings by financial institutions, as reported by S&P Global Market Intelligence. Luse Gorman completed almost one-third of all stock offerings by financial institutions in 2019, three times more than any other legal… Read more »
Alert – Payment Protection Program – Latest Developments as of May 8, 2020
To our clients and friends: Last week, the U.S. Small Business Administration (“SBA”) resumed processing loan applications through its Paycheck Protection Program (the “PPP”) previously established by the CARES Act due to the additional $310 billion in PPP funding authorized by Congress. Our Alert provides an update on the PPP based upon a Frequently Asked… Read more »
Luse Gorman Served as Legal Counsel to Northwest Bancshares, Inc. in its Completed Acquisition of MutualFirst Financial, Inc.
On April 24, 2020, Northwest Bancshares, Inc., Warren, Pennsylvania, the holding company for Northwest Bank, successfully completed its acquisition of MutualFirst Financial, Inc., Muncie, Indiana, the holding company for MutualBank. With $2.1 billion in assets, MutualBank operated 36 full-service offices in Indiana. Under the terms of the merger agreement, each share of common stock of… Read more »
Luse Gorman Again Receives Top Ranking for Mutual-to-Stock Conversions and Mutual Holding Company Reorganizations
We are pleased to announce that Luse Gorman, PC has again received the No. 1 National Ranking as legal counsel for mutual-to-stock conversions and mutual holding company transactions, as reported by S&P Global Market Intelligence, for transactions completed in 2019. Luse Gorman has been the No. 1 ranked law firm for mutual-to-stock conversions and mutual… Read more »