On January 25, 2024, Mid-Southern Bancorp, Inc. and its wholly-owned subsidiary, Mid-Southern Savings Bank, FSB, announced the signing of a definitive purchase and assumption agreement with Beacon Credit Union, pursuant to which Beacon Credit Union will acquire the assets and assume the liabilities of Mid-Southern Savings Bank, FSB in an all cash transaction.
Read More...To our clients and friends:
Today we published Volume 1 of The Bankers’ Bulletin. You can find a copy of this volume of The Bankers’ Bulletin here.
This new publication from Luse Gorman covers regulatory and enforcement insights from our team related to recent developments in the banking industry, and provides our perspective on how those developments may impact your compliance obligations and your operations. The Bulletin will cover legislation, regulations, guidance, enforcement actions, court opinions, agency testimony, and other items of interest for national and state-chartered banks and thrifts. We plan to circulate it by email on the first Monday of every month.
If you have any questions related to any of the items covered in 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...Luse Gorman, PC is pleased to announce that in 2023 we were ranked the No. 1 legal advisor in the nation, based on number of transactions, for common stock offerings by financial institutions, as reported by S&P Global Market Intelligence. We served as issuer’s counsel in connection with a range of equity offerings, including best-efforts public offerings and private placements.
Read More...We are pleased to announce that Luse Gorman, PC was again the No. 1 legal counsel in the nation in 2023 for mutual-to-stock conversions and mutual holding company transactions, as reported by S&P Global Market Intelligence. In 2023, Luse Gorman was the legal advisor on all standard mutual-to-stock conversions and all but one second-step conversions. Additionally, Luse Gorman has been the No. 1 ranked law firm for mutual-to-stock conversions and mutual holding company stock offerings each year for the past 20 years.
Read More...On January 9, 2024, Catskill Hudson Bank, Kingston, NY and its parent company, Catskill Hudson Bancorp, Inc., announced the signing of a definitive merger agreement with Hudson Valley Credit Union, Poughkeepsie, NY, pursuant to which Catskill Hudson Bank will merge with and into Hudson Valley Credit Union, with Hudson Valley Credit Union as the surviving institution in a series of transactions. Pursuant to the merger agreement, stockholders of Catskill Hudson Bancorp, Inc. will receive $40.50 in cash for each share of common stock held, representing an aggregate purchase price of approximately $28.6 million.
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