On June 10, 2025, Chemung Financial Corporation, Elmira, New York, the holding company for Chemung Canal Trust Company, completed a private offering of $45.0 million of 7.75% Fixed-to-Floating Rate Subordinated Notes due 2035. Chemung Canal Trust Company operates 30 retail offices in New York and Pennsylvania. Luse Gorman served as legal counsel to Chemung Financial… Read more »
Posts By: tames
Luse Gorman Served as Legal Counsel to Orange County Bancorp, Inc. in its $46.0 Million Equity Offering
On June 5, 2025, Orange County Bancorp, Inc. closed the underwritten public offering of 1,720,430 shares of common stock at an offering price of $23.25 per share. Additionally, on June 9, 2025, the underwriters completed the sale of the overallotment option of 258,064 additional shares of common stock at the offering price of $23.25 per… Read more »
Luse Gorman is Legal Counsel to Provident Bancorp, Inc. in its Proposed Merger with NB Bancorp, Inc.
On June 5, 2025, Provident Bancorp, Inc., Amesbury, Massachusetts, announced the signing of a merger agreement with NB Bancorp, Inc., Needham, Massachusetts, pursuant to which Provident Bancorp will merge with and into NB Bancorp in a cash and stock transaction valued at approximately $211.8 million. Provident Bancorp is the holding company for BankProv and has… Read more »
Alert – Volume 18 of the Bankers’ Bulletin
To our clients and friends: Today we published Volume 18 of The Bankers’ Bulletin, providing our insights into key banking industry developments from May 2025, including: The OCC and FDIC rescinding their merger policy statements; CFPB abandoning its open banking rule; OCC confirming authority for banks to provide crypto custody services; Repeal of the CFPB’s… Read more »
Lawrence M.F. Spaccasi participated in Regulatory and M&A Legal Panel hosted by Olsen Palmer
On June 3, 2025, Lawrence M.F. Spaccasi participated in an on-line Regulatory and M&A Legal Panel hosted by Olsen Palmer. The session focused on the current regulatory environment and its impact on the mergers and acquisitions landscape. A replay of the panel can be accessed here.