On April 20, 2017, PCSB Bank completed its mutual-to-stock conversion and concurrent initial public offering by PCSB Financial Corporation (“PCSB Financial”), Yorktown Heights, New York, the holding company of PCSB Bank, whereby PCSB Financial sold 17.8 million shares of its common stock at $10.00 per share. As part of the $178.3 million initial public offering,… Read more »
Posts By: tames
Luse Gorman Serves as Legal Counsel to CBT Financial Corp. in its Proposed Merger of Equals with Riverview Financial Corporation
On April 19, 2017, CBT Financial Corp. (“CBT Financial”), Clearfield, Pennsylvania, and Riverview Financial Corporation (“Riverview Financial”), Harrisburg, Pennsylvania, entered into a definitive merger agreement pursuant to which CBT Financial will merge with Riverview Financial in a merger of equals, with Riverview Financial as the resulting company. The total merger consideration is approximately $48.8 million… Read more »
Luse Gorman Serves as Legal Counsel to Home Savings and Loan Association, F.A. in its Proposed Merger with Carroll County Savings and Loan Association
On February 17, 2017, Home Savings and Loan Association, F.A. (“Home Savings”), Norborne, Missouri, and Carroll County Savings and Loan Association (“Carroll County”), Carrollton, Missouri, jointly announced that Carroll County will merge with and into Home Savings, with Home Savings as the resulting institution. The combined institution will have total assets of approximately $95 million…. Read more »
Luse Gorman Serves as Legal Counsel to Bally Savings Bank in its Proposed Merger with Ambler Savings Bank
On February 17, 2017, Bally Savings Bank (“Bally”), Bally, Pennsylvania, and Ambler Savings Bank (“Ambler”), Ambler, Pennsylvania, jointly announced that Bally will merge with and into Ambler and operate as Bally Savings Bank, a Division of Ambler Savings Bank. The combined institution will have approximately $324 million in deposits, $395 million in assets, and a… Read more »
Luse Gorman Serves as Legal Counsel to Rosedale Federal Savings and Loan Association in its Proposed Merger with Midstate Community Bank
On February 15, 2017, Rosedale Federal Savings and Loan Association (“Rosedale”), Nottingham, Maryland, and Midstate Community Bank (“Midstate”), Baltimore, Maryland, jointly announced that Midstate will merge with and into Rosedale, with Rosedale as the resulting institution. The combined institution will have total assets of just under $1 billion. Luse Gorman served as legal counsel to… Read more »