January 28, 2025
Luse Gorman, PC is pleased to announce that in 2024 we were ranked the No. 1 legal advisor in the nation, based on number of transactions, for common stock offerings by financial institutions, as reported by S&P Global Market Intelligence. We served as issuer’s counsel in connection with a range of equity offerings, including best efforts and firm commitment public offerings and private placements.
Luse Gorman has the largest community bank legal practice group in the country. Our extensive experience with community financial institutions and the broad range of capital market transactions in which we are involved has enabled us to provide unparalleled service and expertise to our clients. As always, we would like to thank our clients for their continued support and confidence.
For more information please visit our website at www.luselaw.com.
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January 27, 2025
Luse Gorman, PC is pleased to announce that we were the top legal advisor in the nation for credit union-bank acquisitions, based on number of transactions as reported by S&P Global Market Intelligence. There were a record-breaking 22 acquisitions of banks by credit unions announced in 2024. Luse Gorman served as legal counsel in 12 of these transactions in 2024, covering a broad spectrum of deal types and structures and for certain credit union-bank transactions establishing precedent in Louisiana, New York and Texas.
Luse Gorman has one of the largest credit union legal practice groups in the country. Our extensive experience with credit unions and the broad range of merger and acquisition transactions in which we are involved, including whole-bank acquisitions, credit union mergers, branch purchases and CUSO-related transactions, has enabled us to provide unparalleled service and expertise to our clients. As always, we would like to thank our clients for their continued support and confidence.
To learn more about our credit union legal practice, please contact Jeff Cardone or Michael Brown.
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January 23, 2025
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January 16, 2025
To our clients and friends:
On January 7, 2025, the National Credit Union Administration (the “NCUA”) issued to all federally-insured credit unions Letter 25-CU-01 entitled “NCUA’s 2025 Supervisory Priorities.” The NCUA notes that its supervisory priorities focus on the areas posing the highest risk to credit union members, the credit union industry, and the National Credit Union Share Insurance Fund. In addition to noting the areas of supervisory focus in the coming year, the guidance collects prior guidance issued by the NCUA, which every credit union should review and be familiar with before any upcoming examination. Our Alert regarding the NCUA’s supervisory priorities is available here.
Luse Gorman routinely advises credit unions on compliance issues, regulatory questions, and enforcement actions, and counsels those institutions on the impacts of new developments at the federal and state level. To learn more about our firm and services, please visit our website.
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January 14, 2025
On January 9, 2025, ESSA Bancorp, Inc., Stroudsburg, Pennsylvania, announced the signing of a merger agreement with CNB Financial Corporation, Clearfield, Pennsylvania, pursuant to which ESSA Bancorp will merge with and into CNB Financial Corporation in an all-stock transaction valued at approximately $214 million. ESSA Bancorp President and CEO Gary Olson, ESSA Bancorp Chairman Robert C. Selig, Jr. and ESSA Bancorp Director Daniel J. Henning will join the CNB Financial Corporation board of directors following the merger.
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