Luse Gorman is Legal Counsel to First Federal Bank of Wisconsin in its Proposed Acquisition of Mitchell Bank
Read More...ALERT – Federal Reserve Board Clarifies Policies/Timing on Review of Dividends
To our clients and friends:
The Federal Reserve recently supplemented its guidance on the payment of dividends by bank and savings and loan holding companies, particularly when a proposed dividend exceeds earnings for the period for which the dividend is being paid. Our Alert regarding this further guidance is available here.
Read More...ALERT – SEC Supplements Guidance Regarding COVID-19 Disclosure
To our clients and friends:
The SEC recently supplemented its previous guidance for public companies regarding disclosure related to COVID-19 in filings made with the SEC. Our Alert regarding this supplemental guidance is available here.
Read More...Luse Gorman Served as Legal Counsel to Kearny Financial Corp. in its Completed Acquisition of MSB Financial Corp.
On July 10, 2020, Kearny Financial Corp., Fairfield, New Jersey (“Kearny”), the holding company for Kearny Bank, completed its acquisition of MSB Financial Corp., Millington, New Jersey (“MSB”), the holding company for Millington Bank. MSB stock was exchanged for a mix of 90% Kearny stock and 10% cash. The transaction was subject to the approval of the FDIC, the New Jersey Department of Banking and Insurance and the stockholders of MSB.
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