To our clients and friends: The SEC recently supplemented its previous guidance for public companies regarding disclosure related to COVID-19 in filings made with the SEC. Our Alert regarding this supplemental guidance is available here.
Posts By: tames
Luse Gorman Served as Legal Counsel to Kearny Financial Corp. in its Completed Acquisition of MSB Financial Corp.
On July 10, 2020, Kearny Financial Corp., Fairfield, New Jersey (“Kearny”), the holding company for Kearny Bank, completed its acquisition of MSB Financial Corp., Millington, New Jersey (“MSB”), the holding company for Millington Bank. MSB stock was exchanged for a mix of 90% Kearny stock and 10% cash. The transaction was subject to the approval… Read more »
Alert – SBA extends PPP until August 8 and issues new interim final rule related to the loan forgiveness requirements of the PPP
To our clients and friends: On July 4, 2020, the Paycheck Protection Program Extension Act was signed into law, which extended from June 30, 2020 to August 8, 2020 the deadline to apply for a loan under the U.S. Small Business Administration’s (“SBA”) Paycheck Protection Program (“PPP”). The SBA has an estimated $130 billion remaining… Read more »
Luse Gorman is Legal Counsel to Bridge Bancorp, Inc. in Its Proposed Merger of Equals with Dime Community Bancshares, Inc.
On July 1, 2020, Bridge Bancorp, Inc., Bridgehampton, New York, the holding company for BNB Bank, and Dime Community Bancshares, Inc., Brooklyn, New York, the holding company for Dime Community Bank, entered into a definitive merger agreement, pursuant to which Dime Community Bancshares will merge with and into Bridge Bancorp, with Bridge Bancorp as the… Read more »
In Memoriam – Eric Luse
It is with a collective heavy heart that we inform you of the passing of our partner and the founder of our firm, Eric Luse, after a ten-year battle with cancer. Over the course of his 40 plus years of legal practice, Eric was a tireless advocate for the community banking industry and a trusted… Read more »