Posts By: tames

Luse Gorman is the Top Legal Advisor for Credit Union – Bank Acquisitions in 2024

Posted by & filed under Industry Alerts & Publications.

Luse Gorman, PC is pleased to announce that we were the top legal advisor in the nation for credit union-bank acquisitions, based on number of transactions as reported by S&P Global Market Intelligence. There were a record-breaking 22 acquisitions of banks by credit unions announced in 2024. Luse Gorman served as legal counsel in 12… Read more »

Alert – NCUA Supervisory Priorities

Posted by & filed under Industry Alerts & Publications.

To our clients and friends: On January 7, 2025, the National Credit Union Administration (the “NCUA”) issued to all federally-insured credit unions Letter 25-CU-01 entitled “NCUA’s 2025 Supervisory Priorities.”  The NCUA notes that its supervisory priorities focus on the areas posing the highest risk to credit union members, the credit union industry, and the National… Read more »

Luse Gorman is Legal Counsel to ESSA Bancorp, Inc. in its Proposed Merger with CNB Financial Corporation

Posted by & filed under Transactions.

On January 9, 2025, ESSA Bancorp, Inc., Stroudsburg, Pennsylvania, announced the signing of a merger agreement with CNB Financial Corporation, Clearfield, Pennsylvania, pursuant to which ESSA Bancorp will merge with and into CNB Financial Corporation in an all-stock transaction valued at approximately $214 million. ESSA Bancorp President and CEO Gary Olson, ESSA Bancorp Chairman Robert… Read more »

Alert – Vol. 13 of The Bankers’ Bulletin

Posted by & filed under Industry Alerts & Publications.

To our clients and friends: Luse Gorman’s monthly Bankers’ Bulletin publication is back in 2025, featuring a brand new design and some added content designed to help you keep up with the most important issues from across the banking industry.  We will still be sending out a new edition at the beginning of every month,… Read more »