On June 11, 2018, Athens Bancshares Corporation (“Athens”), Athens, Tennessee, and CapStar Financial Holdings, Inc. (“CapStar”), Nashville, Tennessee, entered into a definitive merger agreement pursuant to which Athens will merge with and into CapStar, with CapStar as the resulting company, for total merger consideration valued at approximately $113.5 million at announcement. Athens shareholders will receive… Read more »
Posts By: tames
Luse Gorman Serves as Legal Counsel to Northwest Bancshares, Inc. in its Proposed Acquisition of Donegal Financial Services Corporation and Union Community Bank
On June 11, 2018, Northwest Bancshares, Inc. (“Northwest”), Warren, Pennsylvania, and Donegal Financial Services Corporation (“Donegal”), Marietta, Pennsylvania, the holding company of Union Community Bank, entered into a definitive merger agreement pursuant to which Donegal will merge with and into Northwest, with Northwest as the resulting company. Each outstanding share of Donegal common stock will… Read more »
Luse Gorman Serves as Legal Counsel to United Bank in its Proposed Acquisition of Six Branches from Webster Bank
On May 22, 2018, United Bank, Hartford, Connecticut, and Webster Bank, N.A., Waterbury, Connecticut, entered into a purchase and assumption agreement pursuant to which United Bank will purchase from Webster Bank six banking branches located in Connecticut, Massachusetts and Rhode Island with total deposits approximating $120 million. Luse Gorman served as legal counsel to United… Read more »
Luse Gorman Serves as Legal Counsel to Hanmi Financial Corporation in its Proposed Acquisition of SWNB Bancorp, Inc.
On May 18, 2018, Hanmi Financial Corporation (“Hanmi”), Los Angeles, California, and SWNB Bancorp, Inc. (“SWNB”), Houston, Texas, entered into a definitive merger agreement pursuant to which SWNB will merge with and into Hanmi, with Hanmi as the resulting company. SWNB shareholders will elect to receive 0.1961 shares of Hanmi common stock or $5.74 in… Read more »
Lawrence Spaccasi presented at the Massachusetts Bankers Association Annual Convention
On May 5, 2018, Lawrence Spaccasi presented “Corporate Governance Hot Buttons in Today’s Regulatory Environment” at the Massachusetts Bankers Association Annual Convention in Naples, Florida. Luse Gorman has been a long-time presenter for the Massachusetts Bankers Association. Mr. Spaccasi led a discussion on current corporate governance issues, gold standard best practices, the increased regulatory focus… Read more »