Alert – Volume 15 of The Bankers’ Bulletin
To our clients and friends:
Today we published Volume 15 of The Bankers’ Bulletin, providing our insights into key banking industry developments from February 2025, including:
Read More...Luse Gorman Served as Legal Counsel to Eagle Financial Services, Inc. in its $57.5 Million Equity Offering
On February 10, 2025, Eagle Financial Services, Inc. closed the underwritten public offering of 1,562,500 shares of its common stock at a public offering price of $32.00 per share. In connection with the offering, its shares began trading on the Nasdaq Capital Market. Additionally, on February 13, 2025, the underwriters exercised their overallotment option and completed the sale of an additional 234,375 shares of common stock at the public offering price of $32.00 per share. In aggregate, the gross proceeds of the underwritten public offering were $57.5 million.
Read More...Luse Gorman Served as Legal Counsel to Catskill Hudson Bank in its Merger with Hudson Valley Credit Union
On January 31, 2025, Catskill Hudson Bank, Kingston, NY and its parent company, Catskill Hudson Bancorp, Inc., completed its merger with Hudson Valley Credit Union, Poughkeepsie, NY.
Read More...Luse Gorman Served as Legal Counsel to Freedom of Maryland FCU in its Merger with Atlantic Financial FCU
On February 1, 2025, Freedom of Maryland Federal Credit Union, Bel Air, Maryland, completed its merger with Atlantic Financial Federal Credit Union, Hunt Valley, Maryland. Freedom of Maryland FCU, as the continuing credit union, has approximately $573.4 million in assets on a combined basis following the merger.
Read More...Luse Gorman Served as Legal Counsel to PeoplesBank in its Strategic Partnership with Cornerstone Bank
On January 31, 2025, PeoplesBancorp, MHC, Holyoke, Massachusetts, and SSB Community Bancorp MHC, Spencer, Massachusetts, completed their strategic partnership by merging. PeoplesBank and Cornerstone Bank, the bank subsidiaries of PeoplesBancorp, MHC and SSB Community Bancorp MHC, respectively, remain independent entities under a mutual multi-bank holding company.
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