On May 1, 2026, Westar Federal Credit Union, Camillus, New York, completed its merger with and into Beginnings Credit Union, Ithica, New York. Following the merger, Beginnings Credit Union has over $1.51 billion in assets and serves over 77,000 members across 14 branch locations.
Read More...On May 1, 2026, R.I.A. Federal Credit Union, Bettendorf, Iowa, completed its merger with Redbrand Credit Union, Bartonville, Illinois. Following the merger, R.I.A. Federal Credit Union has approximately $750.3 million in assets and serves over 47,000 members across 13 branch locations.
Read More...On April 7, 2026, Scott A. Brown presented on the M&A Landscape at the FMS Boston Chapter Meeting in Waltham, Massachusetts. The presentation focused on the current mergers and acquisitions environment, actions to take and items to consider in anticipation of and to prepare for a merger transaction and the merger and acquisition process.
Read More...Today we published Volume 28 of The Bankers’ Bulletin, which provides our insights into key banking industry developments from March 2026, including:
• The federal banking agencies’ proposed capital rule changes;
• The OCC’s streamlined community bank licensing requirements;
• State legislation regarding interest caps, interchange fees, and digital assets;
• Federal banking agency FAQs on capital treatment of tokenized securities;
• The executive order on mortgage-related regulatory relief;
and more.
A link to the latest edition of the Bulletin is available here. If you have any questions related to any of the items covered in this edition of the Bulletin, please reach out to Brendan Clegg (bclegg@luselaw.com), Marc Levy (mlevy@luselaw.com), Scott Brown (sbrown@luselaw.com), Keeler Fina (kfina@luselaw.com), or your regular Firm contact. To learn more about Luse Gorman, please visit our website.
On April 1, 2026, Ballston Spa Bancorp, Inc. (“Ballston Spa Bancorp”), the holding company for Ballston Spa National Bank, and NBC Bancorp, Inc., the holding company for The National Bank of Coxsackie, completed their previously announced merger of equals, with Ballston Spa Bancorp as the surviving entity. In addition, The National Bank of Coxsackie merged with and into Ballston Spa National Bank, with Ballston Spa National Bank as the surviving bank. This all-stock transaction was valued at approximately $26.0 million.
Read More...