On May 20, 2026, Ion Bank, Naugatuck, Connecticut, a subsidiary of Ion Financial, MHC, Inc., entered into a merger agreement pursuant to which The Cooperative Bank, Roslindale, Massachusetts, will merge into Ion Bank, with Ion Bank as the surviving entity. Luse Gorman served as legal counsel to Ion Bank in the transaction. The Luse Gorman… Read more »
Posts By: tames
Luse Gorman is Legal Counsel to Isabella Bank Corporation in its Proposed Acquisition of Grand River Commerce, Inc.
On June 11, 2026, Isabella Bank Corporation, Mt. Pleasant, Michigan, and Grand River Commerce, Inc., Grandville, Michigan, entered into a merger agreement pursuant to which Isabella will acquire Grand River in a cash and stock transaction valued at approximately $54.6 million. Isabella is the holding company for Isabella Bank, which has approximately $2.3 billion in… Read more »
Luse Gorman Served as Legal Counsel to Credit Union 1 in its Merger with MAC Federal Credit Union
On June 1, 2026, MAC Federal Credit Union, Fairbanks, Alaska, merged with and into Credit Union 1, Anchorage, Alaska. Following the merger, Credit Union 1 has more than $1.7 billion in assets and serves over 112,000 members across 19 branches. Luse Gorman served as legal counsel to Credit Union 1 in the transaction. The Luse… Read more »
Alert – Volume 30 of The Bankers’ Bulletin
Today we published Volume 30 of The Bankers’ Bulletin, which provides our insights into key banking industry developments from May 2026, including the: FRB’s revised supervisory operating principles; FFIEC’s proposed revisions to the CAMELS framework; FRB’s proposal to establish payment accounts; OCC’s semiannual risk perspective; CFPB’s final small business lending rule under 1071; and more…. Read more »
Luse Gorman Served as Legal Counsel to Community Bank, N.A.
On June 1, 2026, Community Bank, N.A. (“Community Bank”), a subsidiary of Community Financial System, Inc., completed its acquisition of ClearPoint Federal Bank & Trust in an all-cash transaction valued at $39 million, subject to a potential purchase price adjustment. Community Bank has over $17 billion in assets and operates approximately 200 customer facilities across… Read more »