Luse Gorman, PC is proud to announce that once again our law firm was the No. 1 legal advisor in the nation for bank and thrift mergers and acquisitions, with 17 transactions in 2016.   These transactions covered a broad spectrum of deal types and structures, including 5 mergers involving mutual institutions and mutual holding companies…. Read more »

On December 16, 2016, Hometown Bancorp MHC, Walden, New York, and its wholly-owned subsidiaries, Hometown Bancorp, Inc. and Hometown Bank of the Hudson Valley (together, “Hometown”) entered into a definitive merger agreement with Wallkill Valley Federal Savings and Loan Association (“Wallkill”), a mutual savings and loan association in Wallkill, New York, pursuant to which Hometown… Read more »

On November 28, 2016, Bridge Bancorp, Inc., Bridgehampton, NY (“Bridge Bancorp”), completed a shelf takedown offering of $50.0 million of its common stock.  Bridge Bancorp intends to use the proceeds generated by the offering to support organic growth, pursue strategic acquisition opportunities, and for other general corporate purposes, including contributing capital to its wholly-owned subsidiary,… Read more »

On November 17, 2016, First Interstate BancSystem, Inc. (“First Interstate”), Billings, Montana, and Cascade Bancorp (“Cascade”), Bend, Oregon, entered into a definitive merger agreement pursuant to which Cascade will merge with and into First Interstate, with First Interstate as the resulting company for total merger consideration of approximately $589.0 million. Cascade shareholders will receive 0.14864… Read more »

On November 17, 2016, Abington Bank (“Abington”), Abington, Massachusetts, and Holbrook Cooperative Bank, (“Holbrook”), Holbrook, Massachusetts, jointly announced that Holbrook will merge with and into Abington with the Holbrook location being operated as “Holbrook Cooperative Bank, an Affiliate of Abington Bank.” Luse Gorman served as legal counsel to Abington in the transaction.  The Luse Gorman… Read more »