On November 1, 2017, Kearny Financial Corp. (“Kearny”), Fairfield, New Jersey, and Clifton Bancorp Inc. (“Clifton”), Clifton, New Jersey, entered into a definitive merger agreement pursuant to which Clifton will merge with and into Kearny in an all-stock transaction, with Kearny as the resulting company, for total merger consideration of approximately $408.0 million. Clifton stockholders… Read more »
Posts By: tames
Luse Gorman Serves as Legal Counsel to Seneca Savings in its MHC Reorganization and Offering of $9.1 Million of Common Stock
Luse Gorman Serves as Legal Counsel to Seneca Savings in its MHC Reorganization and Offering of $9.1 Million of Common Stock On October 11, 2017, Seneca Savings, Baldwinsville, New York, completed its mutual holding company reorganization and concurrent initial public offering by Seneca Financial Corp. (“Seneca Financial”), the holding company of Seneca Savings. Seneca Financial… Read more »
Luse Gorman is the Top Legal Advisor for Bank Mergers and Acquisitions for 2017 YTD
Luse Gorman, PC was the top legal advisor for merger and acquisition transactions, based on number of deals, for banks and thrifts during the nine months ended September 30, 2017, having served as legal counsel on 14 transactions announced during this period. These transactions comprise a variety of deal types and structures, including stock acquisitions… Read more »
Luse Gorman Serves as Legal Counsel to Sunshine Bancorp, Inc., Plant City, Florida, in its Proposed Merger with CenterState Banks, Inc., Winter Haven, Florida
On August 12, 2017, Sunshine Bancorp, Inc. (“Sunshine”), Plant City, Florida, and CenterState Banks, Inc. (“CenterState”), Winter Haven, Florida, entered into an agreement pursuant to which Sunshine will merge with and into CenterState, with CenterState as the resulting entity. Upon completion of the merger, Sunshine Bank, the subsidiary of Sunshine, will merge with and into… Read more »
Luse Gorman Serves as Legal Counsel to First Citizens Community Bank in its Proposed Branch Acquisition from S&T Bank
On July 27, 2017, First Citizens Community Bank, Mansfield, Pennsylvania (“First Citizens”), the wholly-owned subsidiary of Citizens Financial Services, Inc. (“Citizens”), entered into an agreement pursuant to which it will acquire the State College, Pennsylvania branch of S&T Bank, Indiana, Pennsylvania, the wholly-owned subsidiary of S&T Bancorp, Inc. (“S&T Bancorp”). Luse Gorman served as legal… Read more »