On Tuesday, October 30, Eric Luse and Jeff Cardone gave a presentation on “Recent Developments in Executive Compensation” at the 2018 New York Bankers Association Financial Services Forum in Key Biscayne, Florida. The presentation focused on new changes to IRC Section 162(m) and its impact on compensation planning, ways to mitigate the effect of IRC… Read more »
Posts By: tames
Luse Gorman Serves as Legal Counsel to Hamilton Bancorp, Inc. in its Proposed Merger with Orrstown Financial Services, Inc.
On October 23, 2018, Hamilton Bancorp, Inc. (“Hamilton”), Towson, Maryland, the holding company for Hamilton Bank, and Orrstown Financial Services, Inc. (“Orrstown”), Shippensburg, Pennsylvania, the holding company for Orrstown Bank, announced a definitive merger agreement pursuant to which Hamilton will merge with and into Orrstown, with Orrstown as the resulting company. Hamilton stockholders will receive… Read more »
IRS Issues Guidance on New Code Section 162(m)
On August 21, 2018, the Internal Revenue Service released Notice 2018-68 which provides guidance regarding the changes made to Section 162(m) of the Internal Revenue Code by the Tax Cuts and Jobs Act of 2017, which is effective for tax years after January 1, 2018. Section 162(m) limits the amount of tax-deductible compensation that “publicly held”… Read more »
Luse Gorman is the Top Legal Advisor Through Third Quarter 2018 in Bank Mergers and Acquisitions
Luse Gorman PC is pleased to announce that it is the No. 1 legal advisor in the nation through September 30, 2018 for bank merger and acquisition transactions as reported by S&P Global Market Intelligence. As of September 30, 2018, the firm served as counsel in 16 transactions, covering a broad range of deal types… Read more »
Luse Gorman Served as Legal Counsel to First Interstate BancSystem, Inc. in its Proposed Acquisitions of Idaho Independent Bank and Community 1st Bank
On October 11, 2018, First Interstate BancSystem, Inc. (“First Interstate”), Billings, Montana, the holding company for First Interstate Bank (the “Bank”), announced that it had entered into separate definitive merger agreements with each of Idaho Independent Bank (“IIB”), Coeur d’Alene, Idaho, and Community 1st Bank (“Community”), Post Falls, Idaho, pursuant to which IIB and Community… Read more »