On July 1, 2026, San Francisco Federal Credit Union (“SFFCU”), San Francisco, California, completed its purchase of substantially all the assets and assumption of substantially all the liabilities of Summit Bank, Oakland, California, the wholly-owned subsidiary of Summit Bancshares, Inc. Following the completion of the transaction, SFFCU has approximately $1.9 billion in assets and 10… Read more »

On July 7, 2026, Axos Nevada Holding, LLC, a subsidiary of Axos Financial, Inc., announced that it has entered into a definitive agreement to acquire Arc Technologies, Inc., a financial technology platform. Axos Financial, Inc., headquartered in San Diego, California, and with approximately $29.2 billion in consolidated assets, is the holding company for Axos Bank,… Read more »

On July 6, 2026, Hometown Financial Group, Inc., Easthampton, Massachusetts, the parent company of bankESB, entered into a merger agreement pursuant to which it will acquire Primary Bank, Bedford, New Hampshire, in a cash and stock transaction valued at approximately $160 million. Luse Gorman is serving as legal counsel to Hometown Financial in the transaction…. Read more »

On July 1, 2026, Adirondack Bancorp, Inc., Utica, New York, the holding company for Adirondack Bank, completed its merger with and into Arrow Financial Corporation, Glens Falls, New York, the holding company for Arrow Bank. Luse Gorman served as legal counsel to Adirondack Bancorp, Inc. in the transaction. The Luse Gorman team consisted of Jeffrey… Read more »

On June 11, 2026, First Mutual Holding Co. (the “Company”), Lakewood, Ohio, a federally chartered mutual holding company for Blue Grass Federal, First Federal Lakewood, First Mutual Bank, Martinsville First Savings Bank and Warsaw Federal, completed a private placement of $25.0 million of 7.25% Fixed-to-Floating Rate Subordinated Notes due 2036. As of March 31, 2026,… Read more »