On October 16, 2020, Hoyne Savings Bank, Chicago, Illinois, completed its acquisition of Loomis Federal Savings and Loan Association, Chicago, Illinois.

Hoyne Savings Bank is an Illinois-chartered stock savings bank with approximately $510 million in total assets and nine full-service branch offices in the Chicagoland area.

Luse Gorman served as legal counsel to Hoyne Savings Bank in the transaction. The Luse Gorman team consisted of Kip Weissman, Benjamin Azoff, Thomas Hutton and Zachary Davis.

Luse Gorman has served as counsel on more than 100 financial institution mergers and acquisitions during the past five years, which is more than any other legal advisor during that time period. To learn more about our mergers and acquisitions practice, please visit our website.