Eric Luse is a co-founder of our law firm and is recognized as one of the leading financial services attorneys in the nation. He has been representing banks, savings institutions and holding companies for more than 25 years, and has been on the cutting edge of new developments in holding company reorganizations and capital raising transactions by mutual and stock savings banks as well as community banks. Mr. Luse specializes in mutual-to-stock conversions and mutual holding company reorganizations, mergers and acquisitions, corporate and securities law, corporate governance, executive compensation, and general bank regulatory matters. His practice also includes representing national and regional investment banking firms.
A significant part of his practice involves advising boards of directors and management on new developments in corporate governance and compensation, as well as legislative and regulatory changes that affect the business and financial performance of banks. He also works closely with clients in guiding transactions through the regulatory approval process.
Mr. Luse began his career on Wall Street as a banking and corporate law attorney with Shearman & Sterling and later moved to the Washington, D.C. office of Gibson Dunn & Crutcher.
Mr. Luse is recognized as the nation’s leading expert on mutual holding companies. He worked on the first mutual holding company formation and stock offering under federal law, and he and his partners created the modern “two-tier” mutual holding company structure. Mr. Luse is a frequent speaker on financial institutions issues. He has authored numerous articles on banks and savings institutions which have appeared in The American Banker, SNL Thrift Investor, Legal Times, and Community Banker.
- Capital Markets and Corporate Finance
- Debt and equity offerings
- Mutual-to-stock conversions
- Mutual holding company reorganizations and stock offerings
- Corporate Governance
- Public Company Reporting and Shareholder Relations
- Mergers and Acquisitions
- Banking Regulatory and Enforcement Services
- Regulatory Examinations, Investigations and Enforcement
- Charter Conversions for Banks and Credit Unions
- De Novo Banks
Represented Northwest Bancorp, Inc., Warren, Pennsylvania, in its mutual holding company conversion to stock form and $688.8 million common stock offering.
Represented Fidelity Bankshares, Inc., West Palm Beach, Florida, in its $1.2 billion cash and stock sale to National City Corporation.
Represented Federal Trust Corporation, Sanford, Florida, in its sale to The Hartford Financial Services Group, Inc.
Represented Northfield Bancorp, Inc., Avenel, New Jersey, in its $192.7 million initial public offering and holding company reorganization.
Represented Stifel Nicolaus & Company, Incorporated as underwriter’s counsel in an $87.1 million stock offering by a Pennsylvania savings bank holding company.
Represented Sandler O’Neill + Partners, L.P. as underwriter’s counsel in a $77.6 million initial public offering and stock conversion by a Louisiana savings bank.
Represented Cape Bank, Cape May, New Jersey, in its simultaneous conversion to stock form, $105.0 million initial public offering, and $107.0 million cash and stock acquisition of Boardwalk Bank, Atlantic City, New Jersey.
Represented OmniAmerican Bancorp, Inc., Ft. Worth, Texas, in its holding company reorganization and $119.0 million initial public offering.
Represented CharterBank, West Point, Georgia, in its $50.0 million incremental stock offering and FDIC-assisted acquisition of McIntosh Commercial Bank.
Represented Keefe Bruyette & Woods, Inc. as underwriter’s counsel in the $171.7 million public offering by a Massachusetts bank holding company.
Represented NVE Savings, Englewood, New Jersey, in the first two-tier mutual holding company reorganization.
Represented Northwest Bancorp, Inc., Warren, Pennsylvania, in its acquisition of Center Hall National Bank, Leeds Bancorp, MHC and Corry Savings Bank, in the first acquisition by a mutual holding company of a commercial bank, a mutual holding company and a mutual savings bank, respectively.