On September 1, 2026, Land of Lincoln Credit Union (“LLCU”), Decatur, Illinois, completed its purchase of substantially all the assets and assumption of substantially all the liabilities of Williamsville State Bank & Trust, Williamsville, Illinois, the wholly-owned subsidiary of WSB Financial, Ltd. Following the completion of the transaction, LLCU has approximately $500 million in… Read more »
Posts By: tames
Luse Gorman Strengthens Chicago Presence with Addition of Abdul Mitha
To our clients and friends: Luse Gorman is pleased to announce that Abdul Mitha has joined the law firm as Partner and Midwest Leader. Based in Chicago, Mr. Mitha represents Luse Gorman’s first attorney residing in the Midwest, enhancing the firm’s ability to serve its long-standing client base throughout one of the nation’s most active… Read more »
Luse Gorman is Serving as Legal Counsel to Gulf Winds Credit Union in its Proposed Acquisition of Madison County Community Bank
On August 25, 2026, Gulf Winds Credit Union, Pensacola, Florida, announced that it had entered into a definitive agreement to acquire Madison County Community Bank, Madison, Florida, the wholly-owned subsidiary of Madison Community Bancshares Corporation. Gulf Winds Credit Union has more than $1.3 billion in assets and serves approximately 75,000 members across 12 full-service branches… Read more »
Legal Update – FRB Proposes Changes to MHC and Capital Regulations
To our clients and friends: On July 31, 2026, the Federal Reserve Board issued a notice of proposed rulemaking that would make sweeping changes to its rule governing mutual holding companies (Regulation MM) and its capital rule (Regulation Q) to provide capital treatment for mutual capital certificates and special deposits issued by mutual institutions. It… Read more »
Luse Gorman Served as Legal Counsel to Hanmi Financial Corporation in its $55.0 Million Subordinated Debt Issuance
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 »