Transactions

Luse Gorman Serves as Legal Counsel to Abington Bank in its Proposed Merger with Pilgrim Bank

February 8, 2019

On February 6, 2019, Abington Bank, Abington, Massachusetts, and Pilgrim Bank, Cohasset, Massachusetts, a member of the multi-bank mutual holding company, Hometown Financial Group, MHC, announced that Abington Bank will merge into Pilgrim Bank. Upon completion of the merger, the combined institution will have approximately $600 million in total assets and will operate as an independent subsidiary of Hometown Financial Group, MHC’s subsidiary, Hometown Financial Group, Inc.

Luse Gorman Serves as Legal Counsel to Berkshire Hills Bancorp, Inc. in its Proposed Acquisition of SI Financial Group, Inc.

December 12, 2018

Luse Gorman Serves as Legal Counsel to Mutual Bank in its Proposed Merger with North Easton Savings Bank

November 7, 2018

On November 6, 2018, Mutual Bank, Whitman, Massachusetts, and North Easton Savings Bank, South Easton, Massachusetts, jointly announced that the banks will merge operations under the North Easton Savings Bank name.

Luse Gorman Serves as Legal Counsel to Hamilton Bancorp, Inc. in its Proposed Merger with Orrstown Financial Services, Inc.

October 30, 2018

On October 23, 2018, Hamilton Bancorp, Inc. (“Hamilton”), Towson, Maryland, the holding company for Hamilton Bank, and Orrstown Financial Services, Inc. (“Orrstown”), Shippensburg, Pennsylvania, the holding company for Orrstown Bank, announced a definitive merger agreement pursuant to which Hamilton will merge with and into Orrstown, with Orrstown as the resulting company. Hamilton stockholders will receive for each share of Hamilton common stock (1) $4.10 in cash, subject to adjustment as set forth in the Merger Agreement, and (2) 0.54 shares of Orrstown common stock.