On April 25, 2019, New Bancorp, Inc., New Buffalo, Michigan, the holding company for New Buffalo Savings Bank, and Teachers Credit Union (“TCU”), announced the execution of a purchase and assumption agreement pursuant to which TCU will acquire the assets and assume the liabilities of New Bancorp and New Buffalo in an all cash transaction. … Read more »
Posts By: tames
Gary Lax presented “A Banker’s Guide to Banking the Cannabis Industry”
Gary A. Lax presented “A Banker’s Guide to Banking the Cannabis Industry” as a one-day seminar offered by the Pennsylvania Association of Community Bankers on April 25, 2019, in Hershey, PA . The presentation discussed marijuana-related businesses and industrial hemp, the status of federal and state laws, and the elements of a risk assessment and… Read more »
Update for SEC Disclosure Requirements
The Securities and Exchange Commission recently adopted amendments that further modernize and simplify the disclosure requirements for filings submitted to the SEC. The attached newsletter provides a review of certain changes resulting from these amendments.
Jeff Cardone presented at the Independent Bankers Association of New York State 2019 Directors Conference on April 16 and April 17, 2019
Jeff Cardone presented at the Independent Bankers Association of New York State 2019 Directors Conference on April 16 and April 17. The presentation titled “Considering Capital and M&A in the Strategic Plan.” The presentation focused on how M&A and capital alternatives fit into the Board’s strategic plan and discussed key considerations with respect to raising… Read more »
Luse Gorman Serves as Legal Counsel to Beverly Bank in its Proposed Merger with North Shore Bank
On April 9, 2019, Beverly Financial, MHC, Beverly, Massachusetts, the holding company for Beverly Bank, and North Shore Bancorp, Peabody, Massachusetts, the holding company for North Shore Bank, announced a definitive merger agreement pursuant to which Beverly will merge with and into North Shore. Upon completion of the merger, the resulting institution will have $1.4… Read more »