To our clients and friends:
On August 20, 2024, the U.S. District Court for the Northern District of Texas issued a ruling which set aside the Federal Trade Commission’s final rule that would have banned certain non-compete agreements between an employer and an employee.
Our Alert regarding the court’s decision on non-compete agreements is available here.
Read More...On August 16, 2024, U.S. Eagle Federal Credit Union (“U.S. Eagle”), Albuquerque, New Mexico, announced that it had entered into a definitive agreement to acquire substantially all the assets and assume substantially all the liabilities of Southwest Capital Bank, Albuquerque, New Mexico, the wholly-owned subsidiary of Las Vegas Bancorporation, Inc.
Read More...To our clients and friends:
Today we published Volume 8 of The Bankers’ Bulletin. You can find a copy of this edition here.
On July 31, 2024, Fifth District Savings Bank, New Orleans, Louisiana, completed its conversion from the mutual to stock form of organization. Concurrently, Fifth District Bancorp, Inc., the newly formed holding company for Fifth District Savings Bank, completed its initial public offering by selling 5,459,473 shares of its common stock at $10.00 per share, and also issued 100,000 shares of its common stock to The Fifth District Community Foundation, Inc. Fifth District Bancorp’s common stock is traded on the Nasdaq Capital Market under the symbol “FDSB”.
Read More...To our clients and friends:
The Federal Trade Commission’s ban on most non-competition agreements continues to make its way through various courts. Attached is an Alert which covers the two most recent court decisions, and the Alert is available here.
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