Luse Gorman is Legal Counsel to Community Bank, N.A. in its Proposed Acquisition of Seven Pennsylvania Branches from Santander Bank, N.A.

June 1, 2025

On June 24, 2025, Community Bank, N.A. (“Community Bank”), a subsidiary of Community Financial System, Inc., entered into a Purchase and Assumption Agreement with Santander Bank, N.A., to acquire seven branch locations in the Allentown, PA area. Under the agreement, Community Bank will assume approximately $600 million in deposits and purchase approximately $33 million in branch-related loans. In addition, Community Bank will purchase related wealth management relationships.

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Luse Gorman is Legal Counsel to Community Bank, N.A. in its Proposed Acquisition of Seven Pennsylvania Branches from Santander Bank, N.A.

June 1, 2025

On June 24, 2025, Community Bank, N.A. (“Community Bank”), a subsidiary of Community Financial System, Inc., entered into a Purchase and Assumption Agreement with Santander Bank, N.A., to acquire seven branch locations in the Allentown, PA area. Under the agreement, Community Bank will assume approximately $600 million in deposits and purchase approximately $33 million in branch-related loans. In addition, Community Bank will purchase related wealth management relationships.

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Luse Gorman is Legal Counsel to Avenir Financial Federal Credit Union in its Proposed Acquisition of Mission Bank

May 29, 2025

On May 26, 2025, it was announced that Community Bancshares, Inc., the bank holding company for Mission Bank, Kingman, Arizona, had entered into a definitive agreement with Avenir Financial Federal Credit Union (“Avenir”), Yuma, Arizona, pursuant to which Avenir will acquire substantially all the assets and assume substantially all the liabilities of Mission Bank.

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