On May 9, 2022, East Idaho Credit Union, Idaho Falls, Idaho, successfully completed a private placement of $10.0 million of its 5.00% fixed-to-floating rate subordinated notes due May 15, 2032. The subordinated notes are considered regulatory capital in the calculation of East Idaho Credit Union’s net worth ratio and risk-based capital ratio. Luse Gorman served… Read more »

On May 6, 2022, Dime Community Bancshares, Inc., Hauppauge, New York, the holding company for Dime Community Bank, completed a public offering of $160.0 million of its 5.00% Fixed-to-Floating Rate Subordinated Notes due 2032. Luse Gorman served as legal counsel to Dime Community Bancshares, Inc. in the offering. The Luse Gorman team consisted of Marc… Read more »

On May 1, 2022, CORE Federal Credit Union, East Syracuse, New York, successfully completed its merger with CFCU Community Credit Union, Ithica, New York. On a combined basis, CFCU Community Credit Union now has approximately $1.48 billion in assets. Luse Gorman served as legal counsel to CORE Federal Credit Union in the transaction. The Luse… Read more »

On April 20, 2022, PennCrest BANK®, Altoona, Pennsylvania, entered into an agreement pursuant to which it will acquire Mid Penn Bank’s financial center located in Williamsburg, Pennsylvania. PennCrest is expected to acquire approximately $25.4 million of deposits and other liabilities and approximately $2.7 million of loans. PennCrest is a Pennsylvania-chartered mutual savings bank based in… Read more »

On April 8, 2022, LINKBANCORP, Inc., Camp Hill, Pennsylvania, the holding company for The Gratz Bank, completed a private placement of $20.0 million of its 4.50% Fixed-to-Floating Rate Subordinated Notes due 2032. Luse Gorman served as legal counsel to LINKBANCORP, Inc. in the offering. The Luse Gorman team consisted of Benjamin Azoff and Ellie Cook. Luse Gorman… Read more »