On November 1, 2026, Saint Lawrence Federal Credit Union, a federally chartered credit union headquartered in Ogdensburg, New York (“SLFCU”), completed its purchase of substantially all the assets and assumption of substantially all the liabilities of The Citizens National Bank of Hammond, a national bank headquartered in Hammond, New York. Following the completion of the transaction, SLFCU has approximately $300 million in assets and serves over 14,000 members through eight full-service branch locations.

Luse Gorman served as legal counsel to SLFCU in the transaction.  The Luse Gorman team consisted of Jeff Cardone, Michael Brown, Agata Troy, Babette Schwartz and Trevor Kline.

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