Luse Gorman Served as Legal Counsel to MountainOne Bank in a Merger of Equals with Mechanics Cooperative Bank

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On January 1, 2026, MountainOne Financial, MHC and MountainOne Financial, Inc., North Adams, Massachusetts, the holding companies for MountainOne Bank (“MountainOne”), completed its merger of equals with Mechanics Bancorp, MHC and Mechanics Bancorp, Inc., Taunton, Massachusetts, the holding companies for Mechanics Cooperative Bank. Following the merger, MountainOne and Mechanics Cooperative Bank will remain separate banks…. Read more »

Luse Gorman Served as Legal Counsel to AdelFi Credit Union in its Merger with Christian Community Credit Union

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In December 2025, AdelFi Credit Union, Brea, California, completed its merger with Christian Community Credit Union, San Dimas, California.  Christian Community Credit Union, as the continuing credit union, has approximately $885 million in assets on a combined basis following the merger. Luse Gorman served as legal counsel to AdelFi Credit Union in the transaction. The Luse… Read more »

Luse Gorman Served as Legal Counsel to Marion and Polk Schools Credit Union in its Acquisition of Lewis & Clark Bank

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On December 31, 2025, Marion and Polk Schools Credit Union (“Maps”) Salem, Oregon, completed its purchase of substantially all assets and the assumption of substantially all liabilities of Lewis & Clark Bank, Oregon City, Oregon, the wholly-owned subsidiary of Lewis & Clark Bancorp. Following the completion of the transaction, Maps had approximately $1.7 billion in… Read more »

Luse Gorman Served as Legal Counsel to NuMark Credit Union in its Acquisition of The Lemont National Bank

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On January 1, 2026, NuMark Credit Union (“NuMark”), Joliet, Illinois, completed its purchase of substantially all assets and the assumption of substantially all liabilities of The Lemont National Bank, Lemont, Illinois, the majority-owned subsidiary of Lemont Bancorp, Inc. Following the completion of the transaction, NuMark had approximately $929.7 million in assets and 14 full-service branch… Read more »

Luse Gorman Served as Legal Counsel to Cornerstone Bank in its Merger with Athol Savings Bank

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On December 31, 2025, Cornerstone Bank, Spencer, Massachusetts, a subsidiary of PeoplesBancorp, MHC, Holyoke, Massachusetts, completed its previously announced acquisition of Athol Savings Bank, Athol, Massachusetts. Luse Gorman served as legal counsel to Cornerstone Bank in the transaction. The Luse Gorman team consisted of Scott Brown and Max Seltzer. Cornerstone Bank has 12 branch locations… Read more »