On May 20, 2025, CFSB Bancorp, Inc., Quincy, Massachusetts, entered into a definitive merger agreement with Hometown Financial Group, Inc., Easthampton, Massachusetts, under which Hometown Financial Group will acquire CFSB Bancorp. CFSB Bancorp stockholders will receive $14.25 in cash per share of CFSB Bancorp common stock for total merger consideration of approximately $44 million. As… Read more »
Posts By: tames
Luse Gorman Served as Legal Counsel to Pima Federal Credit Union in its Completed Acquisition of Republic Bank of Arizona
On May 2, 2025, Pima Federal Credit Union, Tucson, Arizona, completed its acquisition of Republic Bank of Arizona, Phoenix, Arizona, the wholly-owned subsidiary of RBAZ Bancorp, Inc. Following the completion of the acquisition, Pima Federal Credit Union has approximately $1.5 billion in assets and a network of thirteen banking locations. Luse Gorman served as legal… Read more »
Alert – OCC Adopts Interim Final Rule on Bank M&A
To our clients and friends: On May 8, 2025, the Office of the Comptroller of the Currency (the “OCC”) adopted an Interim Final Rule amending its 2024 final rule related to its regulations for business combinations involving national banks and federal savings banks. Our Alert regarding the OCC’s Interim Final Rule on Bank M&A is… Read more »
Luse Gorman Served as Legal Counsel to Winchester Savings Bank in its MHC Reorganization and $40.0 Million Stock Offering
On April 30, 2025, Winchester Savings Bank, Winchester, Massachusetts, completed its reorganization from a mutual savings bank to the mutual holding company form of organization. Concurrently with the reorganization, Winchester Bancorp, Inc., the newly formed holding company for Winchester Savings Bank, sold 3,997,012 shares of common stock at $10.00 per share, issued 185,907 shares of… Read more »
Scott A. Brown participated in Bank M&A Legal Panel at D.A. Davidson Financial Institutions Conference
On May 6, 2025, Scott A. Brown participated in the Bank Legal Panel at the D.A. Davidson 27th Annual Financial Institutions Conference in Scottsdale, Arizona. The session focused on the current regulatory environment and mergers and acquisitions landscape, including regulatory issues and concerns.