On July 30, 2026, Hanmi Financial Corporation, Los Angeles, California, the holding company for Hanmi Bank, completed a private placement of $55.0 million of 6.50% Fixed-to-Floating Rate Subordinated Notes due 2036. As of June 30, 2026, Hanmi Financial Corporation had $8.0 billion in assets. Hanmi Bank serves multi-ethnic communities through its network of 32 full-service… Read more »
Posts By: tames
Luse Gorman Served as Legal Counsel to CSB Financial Inc. in its $13.8 Million Conversion Stock Offering
On July 29, 2026, CSB Financial Inc., Bethel, Ohio, completed its stock offering in connection with the mutual-to-stock conversion of Community Savings Bank. A total of 1,375,435 shares of common stock were sold at a price of $10.00 per share. CSB Financial also issued 27,500 shares of common stock to Community Savings Bank Foundation, Inc…. Read more »
Legal Update – FDIC Proposal to Permit CSI Disclosure in M&A
To our clients and friends: On June 30, 2026, the Federal Deposit Insurance Corporation (the “FDIC”) issued a notice of proposed rulemaking that would permit insured depository institutions that are state non-member banks to disclose confidential supervisory information with potential merger or acquisition partners without first obtaining FDIC authorization. Our Legal Update on this proposal… Read more »
Luse Gorman Served as Legal Counsel to Rhinebeck Bancorp, Inc. in its Conversion and $88.8 Million Stock Offering
On July 21, 2026, Rhinebeck Bancorp, Inc., Poughkeepsie, New York, the holding company for Rhinebeck Bank, completed its conversion from the mutual holding company to the stock holding company form of organization and its related stock offering. A total of 8,880,210 shares of common stock were sold in the offering at a price of $10.00… Read more »
Luse Gorman Served as Legal Counsel to Northfield Bancorp, Inc. in its Merger with Columbia Financial, Inc.
On July 20, 2026, Northfield Bancorp, Inc., Woodbridge, New Jersey, the holding company for Northfield Bank, completed its merger with and into Columbia Financial, Inc., Fair Lawn, New Jersey, the holding company for Columbia Bank. The aggregate merger consideration of $580 million consisted of 70% stock and 30% cash. The merger was part of the… Read more »