Luse Gorman Served as Legal Counsel to Dollar Mutual Bancorp in its Completed Acquisition of Standard AVB Financial Corp.

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On May 28, 2021, Dollar Mutual Bancorp, Pittsburgh, Pennsylvania, the mutual holding company for Dollar Bank, Federal Savings Bank, completed its acquisition of Standard AVB Financial Corp., Monroeville, Pennsylvania, the holding company for Standard Bank, PaSB. Each share of Standard common stock was converted into the right to receive $33.00 in cash. As part of… Read more »

Luse Gorman is Legal Counsel to Severn Bancorp, Inc. in its Proposed Acquisition by Shore Bancshares, Inc.

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On March 3, 2021, Severn Bancorp, Inc., Annapolis, Maryland, announced the signing of a definitive merger agreement with Shore Bancshares, Inc., Easton, Maryland, pursuant to which Severn Bancorp, Inc. will merge with and into Shore Bancshares, Inc. The stock and cash transaction is valued at approximately $146 million. The transaction will create the third largest… Read more »

Luse Gorman Served as Legal Counsel to Bridge Bancorp, Inc. in its Completed Merger of Equals with Dime Community Bancshares, Inc.

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On February 1, 2021, Bridge Bancorp, Inc. (“Bridge”), Hauppauge, New York, the holding company for BNB Bank, successfully completed its merger of equals with Dime Community Bancshares, Inc. (“Dime”), Brooklyn, New York, the holding company for Dime Community Bank. Each share of Dime common stock was converted into 0.648¬†shares of Bridge common stock. Bridge was… Read more »

Luse Gorman Served as Legal Counsel to Generations Bancorp NY, Inc. in its Conversion and Stock Offering

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On January 12, 2021, Generations Bancorp NY, Inc., Seneca Falls, New York, completed its conversion from the mutual holding company to the stock holding company form of organization and its related stock offering. A total of 1,477,575 shares of common stock were sold in the subscription offering at a price of $10.00 per share. In… Read more »

Luse Gorman Served as Legal Counsel to Affinity Bancshares, Inc. in its Conversion and Stock Offering

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On January 20, 2021, Community First Bancshares, Inc., Covington, Georgia, completed its conversion from the mutual holding company to the stock holding company form of organization and its related stock offering. A total of 3,701,509 shares of common stock were sold in the subscription offering at a price of $10.00 per share. In connection with… Read more »