February 8, 2022
On February 4, 2022, Third Century Bancorp, Franklin, Indiana, the holding company for Mutual Savings Bank, completed a private placement of $10.0 million of its 3.75% Fixed-to-Floating Rate Subordinated Notes due 2032.
Luse Gorman served as legal counsel to Third Century Bancorp in the offering. The Luse Gorman team consisted of Benjamin Azoff and Ellie Cook.
Luse Gorman has extensive experience representing issuers in public offerings and private placements of capital stock, debt, and other securities. To learn more about our Capital Markets and Corporate Finance practice, please visit our website.
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February 2, 2022
On January 28, 2022, Rosedale Federal Savings and Loan Association, Baltimore, Maryland, entered into a definitive merger agreement to acquire CBM Bancorp, Inc., Baltimore, Maryland, and its wholly owned subsidiary, Chesapeake Bank of Maryland. CBM Bancorp stockholders will receive $17.75 in cash per share of CBM Bancorp common stock. The total merger consideration is valued at approximately $64.4 million.
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January 31, 2022
Scott A. Brown and Lawrence M. F. Spaccasi presented “Advice and Counsel for Potential Sellers” at the 2019 BankDirector Acquire or Be Acquired Conference in Phoenix, Arizona. The session addressed advance planning steps that are critical for a successful M&A transaction from a seller’s perspective and focused on measures that can be taken well in advance of the commencement of negotiations to avoid surprises, manage expectations and maximize value.
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January 26, 2022
Luse Gorman, PC is pleased to announce that in 2021 we were the No. 1 legal advisor in the nation, based on number of transactions, for common stock and subordinated debt 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 and debt offerings, including firm commitment and best-efforts public offerings, private placements, as well as IPO common equity offerings. 2021 was the 13th consecutive year that Luse Gorman was ranked among the Top 5 law firms with respect to common stock and subordinated debt offerings by financial institutions.
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January 19, 2022
Luse Gorman, PC is pleased to announce that we are again the No. 1 legal advisor in the nation, based on number of transactions, for bank mergers and branch acquisitions as reported by S&P Global Market Intelligence.
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