To our clients and friends:
Jeff Cardone, Partner at Luse Gorman, recently authored an article for Tyfone, Inc.’s News & Resource titled “Credit Unions Converting to Mutual Banks – A New Paradigm?”
Read More...On March 25, 2025, MountainOne Financial, MHC, North Adams, Massachusetts, and Mechanics Bancorp, MHC, Taunton, Massachusetts, announced their agreement to form a strategic partnership through the merger of MountainOne Financial, MHC and Mechanics Bancorp, MHC. MountainOne Bank and Mechanics Bank, the bank subsidiaries of MountainOne Financial, MHC and Mechanics Bancorp, MHC, respectively, will remain independent entities under a mutual multi-bank holding company.
Read More...On March 12, 2025, NuMark Credit Union (“NuMark”), Joliet, Illinois, announced that it had entered into a definitive agreement to acquire substantially all the assets and assume substantially all the liabilities of The Lemont National Bank (“Lemont”), Lemont, Illinois.
Read More...To our clients and friends:
Today we published Volume 15 of The Bankers’ Bulletin, providing our insights into key banking industry developments from February 2025, including:
Read More...On February 10, 2025, Eagle Financial Services, Inc. closed the underwritten public offering of 1,562,500 shares of its common stock at a public offering price of $32.00 per share. In connection with the offering, its shares began trading on the Nasdaq Capital Market. Additionally, on February 13, 2025, the underwriters exercised their overallotment option and completed the sale of an additional 234,375 shares of common stock at the public offering price of $32.00 per share. In aggregate, the gross proceeds of the underwritten public offering were $57.5 million.
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