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 »
Posts By: tames
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 »
Jeff Cardone presented at the Western Bankers Association Annual Directors Conference
On Friday, November 9, 2018, Jeff Cardone gave a presentation on “Recent Developments in Executive and Director Compensation” at the Western Bankers Association Annual Directors Conference in Salt Lake City, Utah. The presentation focused on the importance of compensation planning in connection with a merger, trends in incentive compensation pay, new changes to IRC 162(m)… Read more »
Luse Gorman Serves as Legal Counsel to Mutual Bank in its Proposed Merger with North Easton Savings Bank
On November 6, 2018, Mutual Bank, Whitman, Massachusetts, and North Easton Savings Bank, South Easton, Massachusetts, jointly announced that the banks will merge operations under the North Easton Savings Bank name. The combined institution will have total assets of over $1 billion. Luse Gorman serves as legal counsel to Mutual Bank in the transaction. The Luse… Read more »