On October 28, 2026, SELCO Community Credit Union (“SELCO”), Springfield, Oregon, announced that it had entered into a definitive agreement to merge with Numerica Credit Union, Spokane Valley, Washington. Together, the combined organization would serve more than 325,000 members and operate 38 branch locations, with nearly $8 billion in assets, making it the second-largest credit… Read more »
Posts By: tames
Luse Gorman Served as Legal Counsel to Narragansett Bancorp, Inc. in its $90.1 Million Mutual Holding Company Stock Offering
On November 2, 2026, Narragansett Bancorp Inc., Swansea, Massachusetts, completed its stock offering in connection with the two-tier holding company reorganization of BayCoast Bank and Narragansett Financial Corporation. A total of 9,098,800 shares of common stock were sold at a price of $10.00 per share. Narragansett Bancorp also issued 423,200 shares of common stock to… Read more »
Jeff Cardone participated in the Bank M&A Legal Panel at Eide Baily’s 2026 Banking Seminar Series.
On November 4, 2026, Jeff Cardone participated in the Bank M&A Legal Panel at Eide Baily’s 2026 Banking Seminar. The panel discussed the current bank M&A environment and provided insights and observations into current trends and hot topics related to bank M&A.
Luse Gorman Served as Legal Counsel to Saint Lawrence Federal Credit Union in its Acquisition of The Citizens National Bank of Hammond
On November 1, 2026, Saint Lawrence Federal Credit Union, a federally chartered credit union headquartered in Ogdensburg, New York (“SLFCU”), completed its purchase of substantially all the assets and assumption of substantially all the liabilities of The Citizens National Bank of Hammond, a national bank headquartered in Hammond, New York. Following the completion of the… Read more »
Luse Gorman Served as Legal Counsel to GECU Federal Credit Union in its Acquisition of Bank of the Southwest
On November 1, 2026, GECU Federal Credit Union (“GECU”), El Paso, Texas, completed its purchase of substantially all the assets and assumption of substantially all the liabilities of Bank of the Southwest, Roswell, New Mexico, the wholly-owned subsidiary of New Mexico National Financial Incorporated. Following the completion of the transaction, GECU has approximately $4.9 billion… Read more »