September 27, 2024
On September 20, 2024, Midland Capital Holdings Corporation, the holding company of Midland Federal Savings and Loan Association, a federal savings and loan association headquartered in Bridgeview, Illinois, completed its merger with Midfed Acquisition Corp., a corporation headed by experienced bank executives and investors. The Luse Gorman team consisted of Kip Weissman, Steve Lanter and Max Seltzer.
Read More...
September 27, 2024
On September 20, 2024, Scott A. Brown participated in the State and Federal Legislative and Regulatory Update panel at the Connecticut Bankers Association 2024 Annual Conference in Colorado Springs, Colorado. The session focused on certain current federal matters impacting community banks, including a summary of recent Supreme Court cases, the current mergers and acquisitions landscape and the FTC’s ban on non-competition agreements.
Read More...
September 25, 2024
On September 23, 2024, Generations Bancorp NY, Inc. and its wholly owned subsidiary, Generations Bank, announced the signing of a definitive purchase and assumption agreement with ESL Federal Credit Union, pursuant to which ESL Federal Credit Union will acquire the assets and assume the liabilities of Generations Bank in an all-cash transaction. Following the completion of the acquisition, Generations Bancorp NY, Inc. will settle its remaining obligations and distribute its remaining cash to its shareholders.
Read More...
September 24, 2024
On September 20, 2024, Wisconsin Mutual Bancorp, MHC, Kaukauna, Wisconsin, completed its conversion from the mutual holding company to the stock holding company form of organization. Concurrently, EWSB Bancorp, Inc., the newly formed holding company for East Wisconsin Savings Bank, completed its initial public offering by selling 752,538 shares of its common stock at $10.00 per share. EWSB Bancorp’s common stock is listed on the OTC Market under the trading symbol “EWSB.”
Read More...
September 23, 2024
On September 20, 2024, Hometown Financial Group, Inc., the holding company for bankESB, bankHometown, and Abington Bank, and North Shore Bancorp, the holding company for North Shore Bank, completed its merger transaction whereby North Shore Bank became a wholly-owned subsidiary of Hometown Financial Group and merged with Abington Bank, with North Shore Bank as the surviving entity.
Read More...
