On August 31, 2024, Michigan State University Federal Credit Union, East Lansing, Michigan (MSUFCU) completed its acquisitions of McHenry Savings Bank, McHenry, Illinois and Algonquin State Bank, Algonquin, Illinois.  Following the completion of these acquisitions, MSUFCU has approximately $9.0 billion in assets.

Luse Gorman served as legal counsel to MSUFCU for both transactions.  The Luse Gorman team consisted of Jeff Cardone, Michael Brown, Zachary Davis, Babette Schwartz, and Keeler Fina.

Luse Gorman has acted as counsel on more than 150 bank and credit union M&A transactions during the past ten years and more bank and credit union M&A transactions than any other law firm in the nation over the past 20 years. To learn more about our mergers and acquisitions practice, please visit our website.