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 »
Posts By: tames
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 »
Kent Krudys and Tom Hutton presented at the Pennsylvania Association of Community Bankers Annual Convention
On September 29, 2018, Kent Krudys and Tom Hutton presented, together with professionals from S.R. Snodgrass, at the annual CEO Breakfast Session at the PACB Annual Convention. Luse Gorman has been a long-time presenter at the CEO Breakfast. Messrs. Krudys and Hutton led a discussion on current trends in community banking, including topics related to… Read more »
Luse Gorman Served as Legal Counsel to Blue Hills Bancorp, Inc. in its Proposed Merger with Independent Bank Corp.
On September 20, 2018, Blue Hills Bancorp, Inc. (“Blue Hills”), Norwood, Massachusetts, the holding company for Blue Hills Bank, and Independent Bank Corp. (“Independent”), Rockland, Massachusetts, the holding company for Rockland Trust Company, announced a definitive merger agreement pursuant to which Blue Hills will merge with and into Independent, with Independent as the resulting company…. Read more »