On July 31, 2024, Fifth District Savings Bank, New Orleans, Louisiana, completed its conversion from the mutual to stock form of organization. Concurrently, Fifth District Bancorp, Inc., the newly formed holding company for Fifth District Savings Bank, completed its initial public offering by selling 5,459,473 shares of its common stock at $10.00 per share, and… Read more »
Posts By: tames
Alert – FTC’s Ban on Non-Compete Agreements – Recent Court Decisions
To our clients and friends: The Federal Trade Commission’s ban on most non-competition agreements continues to make its way through various courts. Attached is an Alert which covers the two most recent court decisions, and the Alert is available here..
Luse Gorman is Top Legal Advisor for Bank Mergers in First Half of 2024
Luse Gorman, PC was the No. 1 legal advisor in the nation for bank mergers in the first half of 2024, based on the number of transactions, as reported by S&P Global Market Intelligence. Luse Gorman was also the No. 1 legal advisor in the nation for branch transactions in the first half of 2024,… Read more »
Alert – Volume 7 of The Bankers’ Bulletin
To our clients and friends: Today we published Volume 7 of The Bankers’ Bulletin. You can find a copy of this edition here.. This volume covers changes to the FDIC’s merger review procedures, the Supreme Court’s latest preemption decision, FinCEN’s proposed expansion of BSA/AML compliance requirements, new activity involving ILC charters, the CFPB’s novel attempts… Read more »
Alert – Supreme Court Decision Signals Changes for Bank Agency Enforcement Processes
To our clients and friends: On June 27, 2024, the United States Supreme Court issued its opinion in Securities and Exchange Commission v. Jarkesy, a decision which will have important ramifications for banks and individuals facing enforcement actions by the federal banking agencies and the CFPB. Our Client Alert covers the relevant considerations from the… Read more »