On March 22, 2022, Quarry City Savings and Loan Association, Warrensburg, Missouri, entered into a definitive agreement to be acquired by Community Bancorp, Inc., Chanute, Kansas, and its wholly owned subsidiary, Community National Bank & Trust. Quarry City will merge with and into Community National in an all-cash transaction valued at approximately $10.4 million. Quarry… Read more »

On March 18, 2022, First Savings Financial Group, Inc., Jeffersonville, Indiana, the holding company for First Savings Bank, completed a private placement of $31.0 million of its 4.50% Fixed-to-Floating Rate Subordinated Notes due 2032. Luse Gorman served as legal counsel to First Savings Financial Group, Inc. in the offering. The Luse Gorman team consisted of Victor Cangelosi… Read more »

On February 28, 2022, Barksdale Federal Credit Union, Bossier City, Louisiana, 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 HomeBank of Arkansas, Greenbrier, Arkansas. Barksdale Federal Credit Union has approximately $2.0 billion in assets and currently operates… Read more »

On February 4, 2022, Third Century Bancorp, Franklin, Indiana, the holding company for Mutual Savings Bank, completed a private placement of $10.0 million of its 3.75% Fixed-to-Floating Rate Subordinated Notes due 2032. Luse Gorman served as legal counsel to Third Century Bancorp in the offering. The Luse Gorman team consisted of Benjamin Azoff and Ellie Cook. Luse… Read more »

On January 28, 2022, Rosedale Federal Savings and Loan Association, Baltimore, Maryland, entered into a definitive merger agreement to acquire CBM Bancorp, Inc., Baltimore, Maryland, and its wholly owned subsidiary, Chesapeake Bank of Maryland. CBM Bancorp stockholders will receive $17.75 in cash per share of CBM Bancorp common stock. The total merger consideration is valued… Read more »