Today we published Volume 25 of The Bankers’ Bulletin, which provides our insights into key banking industry developments from December 2025, including: The OCC’s preliminary findings on debanking; The FRB’s only supervision and regulation report of the year; A proposed CRA strategic plan process from the OCC; The FDIC’s proposed rule for issuing stablecoins; Moves… Read more »
Posts By: tames
Reporting Obligations for Incentive Stock Option Exercises and Employee Stock Purchase Plan Purchases in 2025
To Our Clients and Friends: Banks that allow employees to purchase employer stock through incentive stock options (“ISOs”) or an employee stock purchase plan (“ESPP”) should be aware of the upcoming February 2, 2026 deadline for employers to deliver a completed Form 3921 or 3922 to employees, setting forth the details of the employee’s 2025… Read more »
Luse Gorman Served as Legal Counsel to First Commerce Bancorp, Inc. in its $40.0 Million Subordinated Debt Issuance
On December 30, 2025, First Commerce Bancorp, Inc. (the “Company”), Lakewood, New Jersey, the holding company for First Commerce Bank, completed a private issuance of $40.0 million of 7.75% Fixed-to-Floating Rate Subordinated Notes due 2035. As of September 30, 2025, the Company had $1.71 billion in total assets and 11 locations throughout New Jersey. Luse… Read more »
Luse Gorman Served as Legal Counsel to MountainOne Bank in a Merger of Equals with Mechanics Cooperative Bank
On January 1, 2026, MountainOne Financial, MHC and MountainOne Financial, Inc., North Adams, Massachusetts, the holding companies for MountainOne Bank (“MountainOne”), completed its merger of equals with Mechanics Bancorp, MHC and Mechanics Bancorp, Inc., Taunton, Massachusetts, the holding companies for Mechanics Cooperative Bank. Following the merger, MountainOne and Mechanics Cooperative Bank will remain separate banks…. Read more »
Luse Gorman Served as Legal Counsel to AdelFi Credit Union in its Merger with Christian Community Credit Union
In December 2025, AdelFi Credit Union, Brea, California, completed its merger with Christian Community Credit Union, San Dimas, California. Christian Community Credit Union, as the continuing credit union, has approximately $885 million in assets on a combined basis following the merger. Luse Gorman served as legal counsel to AdelFi Credit Union in the transaction. The Luse… Read more »