June 30, 2021

On June 29, 2021, Bancorp 34, Inc., Alamogordo, New Mexico, the holding company for Bank 34, completed a private placement of $25.0 million of its 4.00% Fixed-to-Floating Rate Subordinated Notes due 2031.  The notes are intended to qualify as Tier 2 capital for regulatory purposes.

Luse Gorman served as legal counsel to Bancorp 34, Inc. in the offering. The Luse Gorman team was led by Ned Quint and Michael Brown.

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.