Luse Gorman, PC was the No. 1 legal advisor in the nation for bank mergers in the first half of 2024, based on the number of transactions, as reported by S&P Global Market Intelligence. Luse Gorman was also the No. 1 legal advisor in the nation for branch transactions in the first half of 2024, based on the number of transactions, as reported by S&P Global Market Intelligence.
Read More...To our clients and friends:
Today we published Volume 7 of The Bankers’ Bulletin. You can find a copy of this edition here.
This volume covers changes to the FDIC’s merger review procedures, the Supreme Court’s latest preemption decision, FinCEN’s proposed expansion of BSA/AML compliance requirements, new activity involving ILC charters, the CFPB’s novel attempts to shape industry behavior, and more.
If you have any questions related to any of the items covered in the Bulletin, please reach out to Brendan Clegg (bclegg@luselaw.com), Marc Levy (mlevy@luselaw.com), Agata Troy (atroy@luselaw.com), or your regular Firm contact. To learn more about our firm and services, please visit our website.
Read More...To our clients and friends:
On June 27, 2024, the United States Supreme Court issued its opinion in Securities and Exchange Commission v. Jarkesy, a decision which will have important ramifications for banks and individuals facing enforcement actions by the federal banking agencies and the CFPB. Our Client Alert covers the relevant considerations from the decision and the practical implications for any institution, director, or officer facing a potential federal bank agency enforcement action.
Our Alert is available here.
Read More...Zac Davis and Steve Lanter presented “Augmenting Capital: Capital Planning and Capital Raising in the Current Environment” at the 2024 Annual Convention for Idaho, Nevada, Oregon and Washington Bankers in Skamania, Washington. The presentation addressed the current regulatory and economic environment for capital planning and capital raises, reasons why banks may want to review their capital plans and capital raising options with an eye toward how the markets may play out over the next year plus, and the different types of capital raising options available to banks and the benefits and limitations of each.
Read More...On June 18, 2024, PeoplesBancorp, MHC, Holyoke, Massachusetts, and SSB Community Bancorp MHC, Spencer, Massachusetts, announced their agreement to form a strategic partnership through the merger of PeoplesBancorp, MHC and SSB Community Bancorp MHC. PeoplesBank and Cornerstone Bank, the bank subsidiaries of PeoplesBancorp, MHC and SSB Community Bancorp MHC, respectively, will remain independent entities under a mutual multi-bank holding company.
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