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 »

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 »

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 »

On January 30, 2017, First Guaranty Bancshares, Inc. (“First Guaranty”), Hammond, Louisiana, and Premier Bancshares, Inc. (“Premier”), McKinney, Texas, entered into a definitive merger agreement pursuant to which Premier will merge with and into First Guaranty, with First Guaranty as the resulting company, for total merger consideration of approximately $21.0 million.  The aggregate consideration paid… Read more »

We are pleased to announce that Luse Gorman has once again received the No. 1 National Ranking as legal counsel for mutual-to-stock conversions and mutual holding company transactions, as reported by SNL for transactions completed in 2016.  Luse Gorman has been the No. 1 ranked law firm for mutual-to-stock conversions and mutual holding company transactions… Read more »