On April 28, 2017, Newton Federal Bank, Covington, Georgia, completed its mutual holding company reorganization and concurrent initial public offering by Community First Bancshares, Inc. (“Community First”), the holding company of Newton Federal Bank. Community First sold 3,467,595 shares of its common stock in a subscription offering at $10.00 per share, representing 46% of Community… Read more »
Posts By: tames
Luse Gorman Serves as Legal Counsel to PCSB Bank in its Mutual-to-Stock Conversion and Concurrent Holding Company Offering of $178.3 Million of Common Stock
On April 20, 2017, PCSB Bank completed its mutual-to-stock conversion and concurrent initial public offering by PCSB Financial Corporation (“PCSB Financial”), Yorktown Heights, New York, the holding company of PCSB Bank, whereby PCSB Financial sold 17.8 million shares of its common stock at $10.00 per share. As part of the $178.3 million initial public offering,… Read more »
Luse Gorman Serves as Legal Counsel to CBT Financial Corp. in its Proposed Merger of Equals with Riverview Financial Corporation
On April 19, 2017, CBT Financial Corp. (“CBT Financial”), Clearfield, Pennsylvania, and Riverview Financial Corporation (“Riverview Financial”), Harrisburg, Pennsylvania, entered into a definitive merger agreement pursuant to which CBT Financial will merge with Riverview Financial in a merger of equals, with Riverview Financial as the resulting company. The total merger consideration is approximately $48.8 million… Read more »
Luse Gorman Serves as Legal Counsel to Home Savings and Loan Association, F.A. in its Proposed Merger with Carroll County Savings and Loan Association
On February 17, 2017, Home Savings and Loan Association, F.A. (“Home Savings”), Norborne, Missouri, and Carroll County Savings and Loan Association (“Carroll County”), Carrollton, Missouri, jointly announced that Carroll County will merge with and into Home Savings, with Home Savings as the resulting institution. The combined institution will have total assets of approximately $95 million…. Read more »
Luse Gorman Serves as Legal Counsel to Bally Savings Bank in its Proposed Merger with Ambler Savings Bank
On February 17, 2017, Bally Savings Bank (“Bally”), Bally, Pennsylvania, and Ambler Savings Bank (“Ambler”), Ambler, Pennsylvania, jointly announced that Bally will merge with and into Ambler and operate as Bally Savings Bank, a Division of Ambler Savings Bank. The combined institution will have approximately $324 million in deposits, $395 million in assets, and a… Read more »