Transactions

Luse Gorman Served as Legal Counsel to Riverview Financial Corporation in its Merger with Mid Penn Bancorp, Inc.

December 2, 2021

On November 30, 2021, Riverview Financial Corporation, Harrisburg, Pennsylvania, completed its merger with Mid Penn Bancorp, Inc., Millersburg, Pennsylvania. The all-stock transaction was valued at approximately $124.7 million and the consolidated assets of the combined company are valued at approximately $4.7 billion.

Luse Gorman is Legal Counsel to Lincoln 1st Bank in its Proposed Merger with Ion Bank

December 1, 2021

On November 23, 2021, Lincoln Park Bancorp, Pine Brook, New Jersey, announced the signing of a definitive merger agreement with Ion Financial, MHC, Naugatuck, Connecticut, pursuant to which Lincoln Park Bancorp will merge into Ion Financial, MHC and Lincoln 1st Bank, the subsidiary of Lincoln Park Bancorp, will merge into Ion Bank, the subsidiary of Ion Financial, MHC. Simultaneously with the closing of these mergers, Lincoln Park Bancorp, MHC will be dissolved.

Luse Gorman Served as Legal Counsel to C.C. Bancorp, Inc. in its $10.5 Million Subordinated Debt Issuance

November 16, 2021

On November 12, 2021, C.C. Bancorp, Inc., Little Valley, New York, the holding company for Cattaraugus County Bank, completed a private placement of $10.5 million of its 3.75% Fixed-to-Floating Rate Subordinated Notes due 2031.

Luse Gorman is Legal Counsel to Home Savings Bank in its Proposed Acquisition by Dupaco Community Credit Union

October 6, 2021

On September 30, 2021, Home Savings Bank, Madison, Wisconsin, its parent company, Home Bancorp Wisconsin, Inc. ("Home Bancorp"), and Dupaco Community Credit Union ("Dupaco"), Dubuque, Iowa, announced that they had entered into a purchase and assumption agreement, pursuant to which Dupaco will acquire the assets and assume the liabilities of Home Savings Bank in an all cash transaction. Following the completion of the acquisition, Home Bancorp will distribute the net transaction proceeds to its stockholders.

Luse Gorman Served as Legal Counsel to Metropolitan Bank Holding Corp. in its $172.5 Million Underwritten Follow-On Common Stock Issuance

September 20, 2021

On September 20, 2021, Metropolitan Bank Holding Corp., New York, New York, the holding company for Metropolitan Commercial Bank, completed its underwritten follow-on offering of 2,300,000 shares of its common stock at $75.00 per share, which included the underwriters’ exercise of their right to purchase an additional 300,000 shares of common stock.

Luse Gorman served as legal counsel to Metropolitan Bank Holding Corp in the offering. The Luse Gorman team consisted of Gary Lax, Scott Brown, Greg Sobczak and Ned Quint.

Luse Gorman has extensive experience representing issuers in public offerings and private placements of capital stock, debt, and other securities. To learn more about our Capital Markets and Corporate Finance practice, please visit our website.