To our clients and friends: Today we published Volume 8 of The Bankers’ Bulletin. You can find a copy of this edition here. In this volume, we cover two recent decisions by the Supreme Court that will affect challenges to regulatory actions, the agencies’ joint statement on third-party deposit arrangements, the CFPB’s expanding use of… Read more »
Posts By: tames
Luse Gorman Served as Legal Counsel to Fifth District Savings Bank in its Conversion and Related $54.5 Million Stock Offering
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 »
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 »