News & Events

Luse Gorman is Legal Counsel to Quarry City Savings and Loan Association in its Proposed Merger with Community National Bank & Trust

March 24, 2022

On March 22, 2022, Quarry City Savings and Loan Association, Warrensburg, Missouri, entered into a definitive agreement to be acquired by Community Bancorp, Inc., Chanute, Kansas, and its wholly owned subsidiary, Community National Bank & Trust. Quarry City will merge with and into Community National in an all-cash transaction valued at approximately $10.4 million.

Luse Gorman Served as Legal Counsel to First Savings Financial Group, Inc. in its $31.0 Million Subordinated Debt Issuance

March 22, 2022

On March 18, 2022, First Savings Financial Group, Inc., Jeffersonville, Indiana, the holding company for First Savings Bank, completed a private placement of $31.0 million of its 4.50% Fixed-to-Floating Rate Subordinated Notes due 2032.

Luse Gorman served as legal counsel to First Savings Financial Group, Inc. in the offering. The Luse Gorman team consisted of Victor Cangelosi and Zachary Davis.

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.

Luse Gorman is Legal Counsel to Barksdale Federal Credit Union in its Proposed Acquisition of HomeBank of Arkansas

March 3, 2022

On February 28, 2022, Barksdale Federal Credit Union, Bossier City, Louisiana, announced that it had entered into a purchase and assumption agreement to acquire substantially all of the assets and assume substantially all of the liabilities of HomeBank of Arkansas, Greenbrier, Arkansas.

Luse Gorman Served as Legal Counsel to Third Century Bancorp in its $10.0 Million Subordinated Debt Issuance

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.

Luse Gorman is Legal Counsel to Rosedale Federal Savings and Loan Association in its Proposed Merger with CBM Bancorp, Inc.

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.