On September 15, 2021, Greene County Bancorp, Inc., Catskill, New York, the holding company for The Bank of Greene County, completed a private placement of $30.0 million of its 3.00% Fixed-to-Floating Rate Subordinated Notes due 2031. Luse Gorman served as legal counsel to Greene County Bancorp, Inc. in the offering. The Luse Gorman team consisted… Read more »
Posts By: tames
Luse Gorman Served as Legal Counsel to Lakeland Bancorp, Inc. in its $150.0 Million Subordinated Debt Issuance
On September 15, 2021, Lakeland Bancorp, Inc., Oak Ridge, New Jersey, the holding company for Lakeland Bank, completed a public offering of $150.0 million of its 2.875% Fixed-to-Floating Rate Subordinated Notes due 2031. Luse Gorman served as legal counsel to Lakeland Bancorp, Inc. in the offering. The Luse Gorman team consisted of John Gorman, Greg… Read more »
Luse Gorman is Legal Counsel to Berkshire Hills Bancorp, Inc. in the Proposed Sale of its Insurance Subsidiary to Brown & Brown of Massachusetts, LLC
On August 24, 2021, Berkshire Hills Bancorp, Inc. entered into an agreement to sell its insurance subsidiary, Berkshire Insurance Group, Inc., to Brown & Brown of Massachusetts, LLC. Berkshire Hills Bancorp, Inc. is the holding company of Berkshire Bank, which operates 115 banking offices primarily in New England and New York. Berkshire Hills Bancorp, Inc…. Read more »
Luse Gorman is Legal Counsel to Tempo Bank in its Proposed Acquisition by Scott Credit Union
On August 19, 2021, Tempo Bank, Trenton, Illinois, its parent company, Sugar Creek Financial Corp., and Scott Credit Union, Edwardsville, Illinois, announced that they have entered into an agreement pursuant to which Scott Credit Union will acquire the assets and assume the liabilities of Tempo Bank in an all-cash transaction. Following the completion of the… Read more »
Alert – Nasdaq Adopts Diversity Rules
To our clients and friends: Nasdaq’s proposal to adopt new listing rules related to board diversity requirements and disclosure has been approved by the SEC. Our Alert regarding the new rules is available here.