On December 16, 2024, Berkshire Hills Bancorp, Inc. announced that it has entered into subscription agreements with investors to raise $100 million of capital to support its proposed merger of equals with Brookline Bancorp, Inc.
Read More...On December 16, 2024, Berkshire Hills Bancorp, Inc., the holding company for Berkshire Bank, and Brookline Bancorp, Inc., the holding company for Brookline Bank, Bank Rhode Island and PCSB Bank, announced their agreement to enter into a merger of equals, with Berkshire Hills Bancorp and Brookline Bank as the surviving entities. The all-stock transaction is valued at approximately $1.1 billion.
Read More...Zac Davis presented at the Elliott Davis Financial Services Strategy Forum. The presentation addressed current hot topics for financial institutions focusing on the current regulatory environment, the landscape for mergers and acquisitions and capital raises, a summary of recent Supreme Court cases and the potential effects of the 2024 election for financial institutions.
Read More...To our clients and friends:
Today we published Volume 12 of The Bankers’ Bulletin, our last edition of the year. You can find a copy here.
In this volume, we outline some of our early predictions of the potential impacts of the November election on bank regulation, supervision, examination, and enforcement.
We also cover the FRB’s semiannual supervision and regulation report, FinCEN’s alert on fraud schemes involving AI, the aftereffects of recent community bank failures, legislative and regulatory developments involving credit unions, and more.
We welcome feedback on what you would like to see covered by the Bulletin in the new year. If you have any feedback, or questions related to any of the items covered in this volume of the Bulletin, please reach out to Brendan Clegg (bclegg@luselaw.com), Marc Levy (mlevy@luselaw.com), Agata Troy (atroy@luselaw.com), or your regular Firm contact. To learn more about our firm and services, please visit our website.
Read More...On November 27, 2024, Guilford Savings Bank and Eastern Connecticut Savings Bank announced their agreement pursuant to which Eastern Connecticut Savings Bank will merge with Guilford Savings Bank, with Guilford Savings Bank as the surviving entity.
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