On February 13, 2018, Liberty Federal Savings Bank (“Liberty FSB”), Enid, Oklahoma, and Great Plains National Bank, (“Great Plains”), Elk City, Oklahoma, jointly announced that Liberty FSB will merge with and into Great Plains, with Great Plains as the resulting institution. The combined institution will have total assets of approximately $700 million. Liberty FSB has… Read more »
Posts By: tames
Tax Reform Compensation and Benefits Alert
The Tax Cuts and Jobs Act (the “Act”) became law in December, and now would be a good time to begin reviewing its implications for your compensation plans and other benefits arrangements. The Act makes the most sweeping changes to the Internal Revenue Code (“Code”) in over 30 years. While tax-qualified plans and non-qualified plans… Read more »
Luse Gorman Serves as Legal Counsel to Jacksonville Bancorp, Inc. in its Proposed Merger with CNB Bank Shares, Inc.
On January 17, 2018, Jacksonville Bancorp, Inc., Jacksonville, Illinois, and CNB Bank Shares, Inc., Carlinville, Illinois, entered into a definitive merger agreement pursuant to which CNB Bank Shares will acquire Jacksonville Bancorp. As part of the merger, Jacksonville Savings Bank, the wholly-owned subsidiary of Jacksonville Bancorp, will merge with and into CNB Bank & Trust,… Read more »
Jeff Cardone and Ben Azoff presented at the Indiana Bankers Association Risk Management Forum in Indianapolis, Indiana
Jeff Cardone and Ben Azoff presented “Operational Enterprise Risk Management Hot Topics” at the Indiana Bankers Association Risk Management Forum in Indianapolis, Indiana.
Luse Gorman Again Receives Top Ranking for Mutual-to-Stock Conversions and Mutual Holding Company Reorganizations
We are pleased to announce that Luse Gorman has again received the No. 1 National Ranking as legal counsel for mutual-to-stock conversions and mutual holding company transactions, as reported by SNL, for transactions completed in 2017. Luse Gorman was the legal advisor on eight of the nine mutual-to-stock conversions and mutual holding company stock offerings… Read more »