On June 17, 2022, Northfield Bancorp, Inc., Woodbridge, New Jersey, the holding company for Northfield Bank, completed a private offering of $62.0 million of its 5.00% Fixed-to-Floating Rate Subordinated Notes due 2032. Luse Gorman served as legal counsel to Northfield Bancorp, Inc. in the offering. The Luse Gorman team consisted of Ned Quint, Scott Brown… Read more »
Posts By: tames
Zac Davis Presented on LIBOR Transition Legislation at the Connecticut Bankers Association’s 2022 Legislative Update
Zac Davis presented at the Connecticut Bankers Association’s 2022 Legislative Update on June 14, 2022. The presentation titled “Adjustable Interest Rate (LIBOR) Act and its Preemption of State LIBOR Transition Legislation” focused on the provisions of the federal Adjustable Interest Rate (LIBOR) Act passed into law on March 15, 2022, including the various options for… Read more »
Tom Hutton presented at the 132nd Annual Meeting of the Tennessee Bankers Association
On June 13, 2022, Tom Hutton presented, together with a professional from NFP Executive Benefits, at the 132nd Annual Meeting of the Tennessee Bankers Association. The presentation reviewed common elements of an effective executive compensation program and focused on using employment agreements, change in control agreements, deferred compensation arrangements, and life insurance arrangements to attract and… Read more »
Luse Gorman is Legal Counsel to NuMark Credit Union in its Proposed Acquisition of Pioneer State Bank
On June 1, 2022, NuMark Credit Union, Joliet, Illinois, announced that it had entered into a purchase and assumption agreement to acquire substantially all of the assets and assume substantially all of the liabilities of Pioneer State Bank, Earlville, Illinois. NuMark Credit Union has approximately $624 million in assets and currently has nine Chicagoland branch… Read more »
Luse Gorman is Legal Counsel to PCSB Financial Corporation in its Proposed Merger with Brookline Bancorp, Inc.
On May 24, 2022, PCSB Financial Corporation, Yorktown Heights, New York, announced the signing of a merger agreement with Brookline Bancorp, Inc., Boston, Massachusetts, pursuant to which PCSB Financial Corporation will merge with and into Brookline Bancorp in a stock and cash transaction valued at approximately $313.0 million. Following the transaction, PCSB Bank will operate… Read more »