Luse Gorman is Legal Counsel to Pima Federal Credit Union in its Proposed Acquisition of Republic Bank of Arizona

May 17, 2024

On May 16, 2024, Pima Federal Credit Union, Tucson, Arizona, entered into a definitive agreement to acquire substantially all of the assets and assume substantially all of the liabilities of Republic Bank of Arizona, Phoenix, Arizona, the wholly owned subsidiary of RBAZ Bancorp, Inc. Under the agreement, RBAZ Bancorp, Inc. shareholders will receive approximately $22.00 per share of fully diluted common stock held, representing aggregate consideration of $43.7 million.


Alert – Volume 5 of The Bankers’ Bulletin

May 10, 2024

To our clients and friends:

Today we published Volume 5 of The Bankers’ Bulletin. You can find a copy of this edition here.

This volume covers federal policymakers’ comments on bank merger policy reform, CFPB supervisory actions and federal litigation involving fee practices, the FTC’s final rule on non-compete agreements, FRB enforcement focus on change in control documentation, and other developments at the state level related to credit union-bank tie-ups and the use of AI.

If you have any questions related to any of the items covered in the Bulletin, please reach out to Brendan Clegg (, Marc Levy (, Agata Troy (, or your regular Firm contact. To learn more about our firm and services, please visit our website.