November 10, 2025
To our clients and friends:
Today we published Volume 23 of The Bankers’ Bulletin, which provides our insights into key banking industry developments from October 2025, including:
• The OCC and FDIC’s proposal on MRAs and unsafe and unsound practices;
• FinCEN’s FAQs on SAR filing and documentation;
• FRB guidance on mutual bank organization capital instruments;
• NYDFS guidance on cybersecurity and enforcement actions;
• OCC actions to ease community bank burdens;
and more.
A link to the latest edition of the Bulletin is available here. If you have any questions related to any of the items covered in this edition of the Bulletin, please reach out to Brendan Clegg (bclegg@luselaw.com), Marc Levy (mlevy@luselaw.com), Scott Brown (sbrown@luselaw.com), Keeler Fina (kfina@luselaw.com), or your regular Firm contact. To learn more about Luse Gorman, please visit our website.
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November 7, 2025
On November 7, 2025, Scott A. Brown participated in the State and Federal Legislative and Regulatory Update panel at the Connecticut Bankers Association 2025 Annual Conference in Manalapan, Florida. The session focused on certain current federal matters impacting community banks, including the current mergers and acquisitions landscape, recent regulatory and legislative changes and an update on mutual capital certificates.
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November 5, 2025
On October 31, 2025, CFSB Bancorp, Inc., Quincy, Massachusetts, the holding company for Colonial Federal Savings Bank, and Hometown Financial Group, Inc., the holding company for bankESB, bankHometown, North Shore Bank, and Abington Bank, a division of North Shore Bank, completed their previously announced merger. Colonial Federal merged into North Shore Bank in an all-cash transaction valued at approximately $44 million.
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October 31, 2025
On October 29, 2025, IF Bancorp, Inc., Watseka, Illinois, and ServBanc, Holdco, Inc., Oswego, Illinois, entered into a merger agreement pursuant to which IF Bancorp will merge with and into ServBanc in an all-cash transaction valued at approximately $89.8 million, subject to certain potential adjustments described in the agreement.
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October 30, 2025
On October 29, 2025, OceanFirst Financial Corp., Red Bank, New Jersey, the holding company for OceanFirst Bank, N.A., completed a public offering of $185.0 million of 6.375% Fixed-to-Floating Rate Subordinated Notes due 2035.
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