January 14, 2025
On January 9, 2025, ESSA Bancorp, Inc., Stroudsburg, Pennsylvania, announced the signing of a merger agreement with CNB Financial Corporation, Clearfield, Pennsylvania, pursuant to which ESSA Bancorp will merge with and into CNB Financial Corporation in an all-stock transaction valued at approximately $214 million. ESSA Bancorp President and CEO Gary Olson, ESSA Bancorp Chairman Robert C. Selig, Jr. and ESSA Bancorp Director Daniel J. Henning will join the CNB Financial Corporation board of directors following the merger.
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January 13, 2025
To our clients and friends:
Luse Gorman’s monthly Bankers’ Bulletin publication is back in 2025, featuring a brand new design and some added content designed to help you keep up with the most important issues from across the banking industry. We will still be sending out a new edition at the beginning of every month, which will include our insights into the most relevant regulatory, legislative, supervisory, and enforcement developments under the new administration and Congress.
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January 18, 2024
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.
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January 17, 2024
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.
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January 16, 2024
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.
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