On April 25, 2018, First Interstate BancSystem, Inc. (“First Interstate”), Billings, Montana, and Northwest Bancorporation, Inc. (“Northwest”), Spokane, Washington, entered into a definitive merger agreement pursuant to which Northwest will merge with and into First Interstate, with First Interstate as the resulting company. Northwest shareholders will receive 0.516 shares of First Interstate common stock for… Read more »
Posts By: tames
Lawrence Spaccasi presented at the Virginia Bankers Association / Virginia Community Bankers Association Annual Directors’ Symposium
On March 28 and 29, 2018, Lawrence Spaccasi presented “Corporate Governance Hot Buttons in Today’s Regulatory Environment” at the Virginia Bankers Association and Virginia Community Bankers Association Annual Directors’ Symposium in Blacksburg, Virginia and Richmond, Virginia. Mr. Spaccasi led a discussion on the overall role and responsibilities of Board and executive management, an update on… Read more »
Luse Gorman Serves as Legal Counsel to Coastway Bancorp, Inc. in its Proposed Merger with HarborOne Bancorp, Inc.
On March 14, 2018, Coastway Bancorp, Inc., Warwick, Rhode Island, and HarborOne Bancorp, Inc., Brockton, Massachusetts, entered into a definitive merger agreement pursuant to which HarborOne Bancorp will acquire Coastway Bancorp in an all-cash transaction. The total merger consideration is approximately $125.6 million, and Coastway Bancorp stockholders will receive $28.25 in cash for each share… Read more »
New Disability Determination Procedures
The Department of Labor has issued a new final rule (the “Rule”) that will apply to certain disability claims filed on and after April 2, 2018. The Rule covers all employee benefit plans that are subject to the Employee Retirement Income Security Act of 1974, and provide a benefit upon a determination of disability. The… Read more »
John Gorman presented at the board-prep program “From Battlefield to Boardroom” sponsored by the National Association of Corporate Directors (NACD)
On February 22, 2018, John Gorman presented at the board-prep program “From Battlefield to Boardroom” sponsored by the National Association of Corporate Directors (NACD). John addressed the retired flag and general officers of the United States armed forces in attendance on the “Role of the Delaware Courts.” John is a faculty member of the NACD… Read more »