On April 25, 2025, Mid-Southern Savings Bank, FSB, Salem, Indiana, and its parent company, Mid-Southern Bancorp, Inc., completed a purchase and assumption transaction with Beacon Credit Union (“BCU”), Wabash, Indiana, in which BCU has acquired substantially all the assets and assumed substantially all the liabilities of Mid-Southern Bank in an all-cash transaction. Luse Gorman served… Read more »
Posts By: tames
Luse Gorman is Legal Counsel to First Interstate Bank in the Proposed Sale of its Arizona and Kansas Banking Offices to Enterprise Bank & Trust
On April 28, 2025, First Interstate Bank, Billings, Montana, entered into a definitive agreement to sell twelve branches – its ten Arizona branches and two Kansas branches – to Enterprise Bank & Trust, Clayton, Missouri. Under the agreement, First Interstate Bank will sell the branch facilities together with approximately $740 million in deposits and $200… Read more »
Luse Gorman Served as Legal Counsel to Marathon Bancorp, Inc. in its Conversion and Related $16.9 Million Stock Offering
On April 21, 2025, Marathon Bancorp, Inc., Wausau, Wisconsin, the holding company for Marathon Bank, completed its conversion from the mutual holding company to the stock holding company form of organization and its related stock offering. A total of 1,693,411 shares of common stock were sold at a price of $10.00 per share. Marathon Bancorp’s… Read more »
Scott A. Brown participated in Federal Banking Agencies Update Panel for Connecticut Bankers Association
On March 28, 2025, Scott A. Brown participated on a Federal Banking Agencies Update panel at a Connecticut Bankers Association meeting held in Bristol, Connecticut. The session focused on around the state of federal banking agencies and how they may evolve during the current administration.
Alert – Volume 16 of The Bankers’ Bulletin
To our clients and friends: Today we published Volume 16 of The Bankers’ Bulletin, providing our insights into key banking industry developments from March 2025, including: The FDIC’s withdrawal of its proposed brokered deposit and corporate governance regulations;; Revisions by the OCC and the FDIC to prior guidance related to engaging in crypto activities; Removal… Read more »