On December 13, 2017, Orange Bank & Trust Company (“Orange Bank & Trust”), Middletown, New York, the wholly-owned subsidiary of Orange County Bancorp, Inc. (“Orange County Bancorp”), entered into an agreement pursuant to which Orange Bank & Trust will sell its Fishkill, New York branch to Salisbury Bank and Trust Company, Lakeville, Connecticut, the wholly-owned… Read more »

On December 11, 2017, Union Savings and Loan Association (“Union”), New Orleans, Louisiana, and Hibernia Bancorp, Inc. (“Hibernia Bancorp”), New Orleans, Louisiana, entered into a definitive merger agreement pursuant to which Union will acquire Hibernia Bancorp and its wholly-owned subsidiary, Hibernia Bank, with Union as the resulting institution. Hibernia Bancorp stockholders will receive $32.00 in… Read more »

On December 12, 2017, Peapack-Gladstone Financial Corporation, Bedminster, New Jersey, the holding company for Peapack-Gladstone Bank, completed an underwritten public offering of $35.0 million principal amount of fixed-to-floating rate subordinated notes due 2027. Luse Gorman served as legal counsel to Peapack-Gladstone in the offering. The Luse Gorman team included Michael Brown, Lawrence Spaccasi and Scott… Read more »

On November 16, 2017, CB Financial Services, Inc. (“CB”), Carmichaels, Pennsylvania, and First West Virginia Bancorp, Inc. (“First West Virginia”), Wheeling, West Virginia, entered into a definitive merger agreement pursuant to which First West Virginia will merge with and into CB, with CB as the resulting company, for total merger consideration of approximately $49.0 million…. Read more »

On November 10, 2017, Metropolitan Bank Holding Corp., New York, New York (“MBHC”), the parent bank holding company for Metropolitan Commercial Bank, completed an initial public offering through a firm commitment underwritten sale of 3.565 million shares of common stock at a price of $35.00 per share, which included the underwriter’s overallotment option.  MBHC’s stock… Read more »