On October 15, 2025, Seneca Bancorp, Inc., Baldwinsville, New York, the holding company for Seneca Savings Bank, National Association, completed its conversion from the mutual holding company to the stock holding company form of organization and its related stock offering. At the same time, Seneca Savings Bank converted its charter from a federal savings association… Read more »
Posts By: tames
Luse Gorman Served as Legal Counsel to First Interstate Bank in the Sale of its Arizona and Kansas Banking Offices to Enterprise Bank & Trust
On October 10, 2025, First Interstate Bank, Billings, Montana, completed its previously announced sale of twelve branches – ten Arizona branches and two Kansas branches – to Enterprise Bank & Trust. First Interstate Bank, the wholly owned subsidiary of First Interstate BancSystem, Inc., operates in Colorado, Idaho, Iowa, Minnesota, Missouri, Montana, Nebraska, North Dakota, Oregon,… Read more »
Alert – Volume 22 of The Bankers’ Bulletin
To our clients and friends: We have updated our monthly Bankers’ Bulletin publication with a revised presentation format, featuring new content and additional practical tips to help banks implement the regulatory developments we cover. Today we published Volume 22, which provides our insights into key banking industry developments from September 2025, including: The FDIC’s removal… Read more »
Alert – Federal Government Shutdown
To our clients and friends: On September 30, 2025, the federal government’s funding ran out resulting in a shutdown beginning on October 1, 2025, which will continue until Congress passes and the President signs new appropriations legislation. Some federal agencies, including the Securities and Exchange Commission, are affected while others, such as federal banking regulators,… Read more »
Alert – SEC Permits Use of Standing Proxies
To our clients and friends: On September 15, 2025, the SEC issued a no-action letter in response to Exxon Mobil Corporation’s request to implement a “retail shareholder voting program” whereby its retail shareholders would authorize the perpetual voting of their shares in favor of management’s recommendations. Our Legal Update, available here, describes the requirements for—… Read more »