On February 1, 2025, Freedom of Maryland Federal Credit Union, Bel Air, Maryland, completed its merger with Atlantic Financial Federal Credit Union, Hunt Valley, Maryland. Freedom of Maryland FCU, as the continuing credit union, has approximately $573.4 million in assets on a combined basis following the merger. Luse Gorman served as legal counsel to Freedom… Read more »
Posts By: tames
Luse Gorman Served as Legal Counsel to PeoplesBank in its Strategic Partnership with Cornerstone Bank
On January 31, 2025, PeoplesBancorp, MHC, Holyoke, Massachusetts, and SSB Community Bancorp MHC, Spencer, Massachusetts, completed their strategic partnership by merging. PeoplesBank and Cornerstone Bank, the bank subsidiaries of PeoplesBancorp, MHC and SSB Community Bancorp MHC, respectively, remain independent entities under a mutual multi-bank holding company. PeoplesBank has 20 banking centers and approximately $4.4 billion in… Read more »
Alert – Volume 14 of The Bankers’ Bulletin
To our clients and friends: Today we published Volume 14 of The Bankers’ Bulletin, providing our insights into key banking industry developments from January 2025, including: Immediate priorities for Acting FDIC Chair Hill; OCC enforcement actions against former Wells Fargo officers; Proposed federal legislation to ease de novo bank formation; NYDFS’ proposed regulations to prohibit overdraft… Read more »
Luse Gorman Again Receives Top Ranking for Mutual-to-Stock Conversions
We are pleased to announce that Luse Gorman, PC was again the No. 1 legal counsel in the nation in 2024 for mutual-to-stock conversions, as reported by S&P Global Market Intelligence. In 2024, Luse Gorman was the legal advisor on all but one standard mutual-to-stock conversion. Additionally, Luse Gorman has been the No. 1 ranked… Read more »
Luse Gorman is Top Legal Advisor in 2024 for Equity Offerings
Luse Gorman, PC is pleased to announce that in 2024 we were ranked the No. 1 legal advisor in the nation, based on number of transactions, for common stock offerings by financial institutions, as reported by S&P Global Market Intelligence. We served as issuer’s counsel in connection with a range of equity offerings, including best… Read more »