On September 1, 2025, Berkshire Hills Bancorp, Inc. (“Berkshire”), the holding company for Berkshire Bank, and Brookline Bancorp, Inc. (“Brookline”), the holding company for Brookline Bank, Bank Rhode Island and PCSB Bank, completed their previously announced merger of equals. Berkshire, now known as Beacon Financial Corporation, and Brookline Bank, now known as Beacon Bank &… Read more »
Posts By: tames
Luse Gorman Served as Legal Counsel to Land of Lincoln Credit Union in its Proposed Acquisition of Williamsville State Bank and Trust
On August 28, 2025, Land of Lincoln Credit Union (“LLCU”), Decatur, Illinois, entered into a definitive agreement to acquire substantially all the assets and assume substantially all the liabilities of Williamsville State Bank and Trust (“Williamsville”), Williamsville, Illinois. LLCU has approximately $478 million in assets, operates 15 branches and has over 38,000 members. Williamsville has… Read more »
Luse Gorman Served as Legal Counsel to Centreville Bank in its MHC Reorganization
On August 19, 2025, Centreville Bank, West Warwick, Rhode Island, completed its reorganization from a mutual savings bank to the mutual holding company form of organization. Luse Gorman served as legal counsel to Centreville Bank in the transaction. The Luse Gorman team included Kent Krudys and Lawrence M.F. Spaccasi. Centreville, MHC has approximately $2.8 billion in consolidated… Read more »
Luse Gorman is Co-Counsel to BankFinancial Corporation in its Proposed Merger with First Financial Bancorp.
On August 11, 2025, BankFinancial Corporation, Burr Ridge, Illinois, announced the signing of a merger agreement with First Financial Bancorp., Cincinnati, Ohio, pursuant to which BankFinancial will merge with and into First Financial in a stock transaction valued at approximately $142 million. BankFinancial Corporation is the holding company for BankFinancial, NA and has approximately $1.4… Read more »
Article – Banks Deserve the Ability to Appeal Regulators’ Enforcement Actions
To our clients and friends: Brendan Clegg, Partner at Luse Gorman, recently authored an article for American Banker’s BankThink titled “Banks Deserve the Ability to Appeal Regulators’ Enforcement Actions.” As the federal bank regulators reassess various aspects of the supervisory framework and revise their policies and procedures to improve efficiency, there is an opportunity to… Read more »