Babette Schwartz represents financial institutions and their holding companies in a range of corporate, securities, and tax matters, including mergers and acquisitions, securities offerings, mutual-to-stock conversions, corporate tax, executive compensation and employee benefits, antitrust, and compliance with state and federal securities laws and bank regulations. Prior to joining Luse Gorman, Ms. Schwartz worked as an honors legal intern at the U.S. Securities and Exchange Commission for one year; this time was split between the Division of Enforcement and then directly for Commissioner Hester Peirce.
Practice Areas:
- Mergers and Acquisitions
- Capital Markets and Corporate Finance
- Public Company Reports and Shareholder Relations
- Executive Compensation, Employee Benefits and Taxation
- Corporate Governance
- Bank Regulatory and Enforcement Services
- De Novo Banks and Bank Charter Conversions
- Credit Unions
Representative Transactions:
- State Employees Federal Credit Union, Albany, NY (now referred to as Broadview Federal Credit Union) in its merger of equals with Capital Communications Credit Union, which was the largest credit union merger to date, creating a combined credit union with over $8.0 billion assets and 60 offices.
- 1831 Bancorp, MHC and 1831 Bancorp, Inc., Dedham, Massachusetts, in a merger of equals with South Shore Bancorp, MHC and South Shore Bancorp, Inc., resulting in consolidated assets of $4.3 billion and a network of 23 branch locations.
- Somerset Savings Bank, SLA, Bound Brook, New Jersey, in its mutual-to-stock conversion with $90.6 million stock offering and acquisition of Regal Bank.
- Credit union and bank business combination transactions, including Pima FCU’s acquisition of Republic Bank of Arizona (Arizona); Empeople CU’s acquisition of TSB Bank (Wisconsin); Michigan State University FCU’s acquisitions of McHenry Savings Bank (Illinois) and Algonquin State Bank (Illinois); Harborstone Credit Union’s acquisitions of SaviBank and First Sound Bank (Washington); Dort Financial Credit Union’s acquisition by merger of Flagler Bank (Florida); and Barksdale Federal Credit Union’s acquisition of Homebank (Arkansas).
- Credit union mergers, including TDECU merger with Space City Credit Union (Texas); AdelFi Credit Union merger with Christian Community Credit Union (California); Alive Credit Union merger with City & Police Federal Credit Union (Florida); and Education Credit Union merger with H&H Federal Credit Union (Texas).
- Numerous bank mergers including Pentucket Bank Holdings, MHC (Massachusetts) merger with Newburyport Five Cents Bancorp, MHC (Massachusetts); and Citizens Bank of Cape Vincent (New York) merger with Gouverneur Savings and Loan Association (New York).
- Several investment banking firms as underwriter’s counsel in public and private offerings of common stock and issuances of subordinated debt.
- Numerous financial institutions in subordinated debt offerings, mutual-to-stock, and charter conversions.