Luse Gorman, PC is pleased to announce that in 2017 we were the No. 1 legal advisor in the nation for common stock and subordinated debt offerings by financial institutions, as reported by S&P Global Market Intelligence (formerly SNL Financial). We served as issuer’s counsel in connection with a range of equity and debt offerings,… Read more »
Posts By: tames
Luse Gorman is Again the Top Legal Advisor in 2017 for Bank Mergers and Acquisitions
Luse Gorman, PC is pleased to announce that once again we were the No. 1 legal advisor in the nation for bank merger and acquisition transactions as reported by SNL Financial. The firm served as counsel in connection with 17 transactions in 2017, covering a broad spectrum of deal types and structures, both on the… Read more »
Tax Cuts and Jobs Act Enacted on December 22, 2017: Likely Impacts Deferred Tax Asset Valuation
On December 22, 2017, the president signed into law the Tax Cuts and Jobs Act (the “Act”). The Act includes a permanent reduction in the maximum corporate income tax rate from 35% to 21% effective for tax years beginning after December 31, 2017. Although companies should benefit from the reduced corporate tax rate under the… Read more »
Luse Gorman Serves as Legal Counsel to Orange Bank & Trust Company in its Proposed Branch Sale to Salisbury Bank and Trust Company
On December 13, 2017, Orange Bank & Trust Company (“Orange Bank & Trust”), Middletown, New York, the wholly-owned subsidiary of Orange County Bancorp, Inc. (“Orange County Bancorp”), entered into an agreement pursuant to which Orange Bank & Trust will sell its Fishkill, New York branch to Salisbury Bank and Trust Company, Lakeville, Connecticut, the wholly-owned… Read more »
Luse Gorman Serves as Legal Counsel to Union Savings and Loan Association in its Proposed Acquisition of Hibernia Bancorp, Inc.
On December 11, 2017, Union Savings and Loan Association (“Union”), New Orleans, Louisiana, and Hibernia Bancorp, Inc. (“Hibernia Bancorp”), New Orleans, Louisiana, entered into a definitive merger agreement pursuant to which Union will acquire Hibernia Bancorp and its wholly-owned subsidiary, Hibernia Bank, with Union as the resulting institution. Hibernia Bancorp stockholders will receive $32.00 in… Read more »