On November 6, 2025, Univest Financial Corporation, Souderton, Pennsylvania, the holding company for Univest Bank and Trust Co., completed a private issuance of $50.0 million of 6.00% Fixed-to-Floating Rate Subordinated Notes due 2035, with registration rights. The Company entered into a registration rights agreement with each of the purchasers of the Notes under which it… Read more »
Posts By: tames
Luse Gorman Served as Legal Counsel to Community Bank, N.A. in its Acquisition of Seven Pennsylvania Branches from Santander Bank, N.A.
On November 7, 2025, Community Bank, N.A. (“Community Bank”), a wholly-owned subsidiary of Community Financial System, Inc., completed its acquisition of seven branches in the Allentown, Pennsylvania area from Santander Bank, N.A. (“Santander Bank”), as contemplated by the previously announced Purchase and Assumption Agreement, by and between Community Bank and Santander Bank, dated as of… Read more »
Alert – Volume 23 of The Bankers’ Bulletin
To our clients and friends: Today we published Volume 23 of The Bankers’ Bulletin, which provides our insights into key banking industry developments from October 2025, including: The OCC and FDIC’s proposal on MRAs and unsafe and unsound practices; FinCEN’s FAQs on SAR filing and documentation; FRB guidance on mutual bank organization capital instruments; NYDFS… Read more »
Scott A. Brown participated in State and Federal Legislative and Regulatory Update Panel at the Connecticut Bankers Association 2025 Annual Conference
On November 7, 2025, Scott A. Brown participated in the State and Federal Legislative and Regulatory Update panel at the Connecticut Bankers Association 2025 Annual Conference in Manalapan, Florida. The session focused on certain current federal matters impacting community banks, including the current mergers and acquisitions landscape, recent regulatory and legislative changes and an update on mutual… Read more »
Luse Gorman Served as Legal Counsel to CFSB Bancorp, Inc. in its Acquisition by Hometown Financial Group, Inc.
On October 31, 2025, CFSB Bancorp, Inc., Quincy, Massachusetts, the holding company for Colonial Federal Savings Bank, and Hometown Financial Group, Inc., the holding company for bankESB, bankHometown, North Shore Bank, and Abington Bank, a division of North Shore Bank, completed their previously announced merger. Colonial Federal merged into North Shore Bank in an all-cash… Read more »