On December 1, 2021, RSI Bancorp, M.H.C., a New Jersey mutual holding company, RSI Bancorp, Inc., a Delaware holding company, and RSI Bank, a New Jersey stock savings bank (collectively “RSI”), entered into a merger agreement with Columbia Bank MHC, a federally chartered mutual holding company, Columbia Financial, Inc., a Delaware holding company, and Columbia… Read more »
Posts By: tames
Luse Gorman Served as Legal Counsel to Riverview Financial Corporation in its Merger with Mid Penn Bancorp, Inc.
On November 30, 2021, Riverview Financial Corporation, Harrisburg, Pennsylvania, completed its merger with Mid Penn Bancorp, Inc., Millersburg, Pennsylvania. The all-stock transaction was valued at approximately $124.7 million and the consolidated assets of the combined company are valued at approximately $4.7 billion. Luse Gorman served as legal counsel to Riverview in the transaction. The Luse… Read more »
Luse Gorman is Legal Counsel to Lincoln 1st Bank in its Proposed Merger with Ion Bank
On November 23, 2021, Lincoln Park Bancorp, Pine Brook, New Jersey, announced the signing of a definitive merger agreement with Ion Financial, MHC, Naugatuck, Connecticut, pursuant to which Lincoln Park Bancorp will merge into Ion Financial, MHC and Lincoln 1st Bank, the subsidiary of Lincoln Park Bancorp, will merge into Ion Bank, the subsidiary of… Read more »
Luse Gorman Served as Legal Counsel to C.C. Bancorp, Inc. in its $10.5 Million Subordinated Debt Issuance
On November 12, 2021, C.C. Bancorp, Inc., Little Valley, New York, the holding company for Cattaraugus County Bank, completed a private placement of $10.5 million of its 3.75% Fixed-to-Floating Rate Subordinated Notes due 2031. Luse Gorman served as legal counsel to C.C. Bancorp, Inc. in the offering. The Luse Gorman team consisted of Jeffrey Cardone… Read more »
Scott Brown presented at The Annual Financial Institutions Finance and Accounting Conference hosted by the Massachusetts Bankers Association and Financial Managers Society
On October 30 2021, Scott Brown presented at The Annual Financial Institutions Finance and Accounting Conference hosted by the Massachusetts Bankers Association and Financial Managers Society. Mr. Brown focused on current trends and issues impacting community banking, including the current mergers and acquisitions landscape, emerging regulatory trends and corporate governance hot topics.