Luse Gorman, PC is pleased to announce that we are again the top legal advisor in the nation, based on number of transactions, for bank mergers as reported by S&P Global Market Intelligence. The firm served as counsel for 18 bank merger transactions in 2023, covering a broad spectrum of deal types and structures, both on the buy and the sell side.
Read More...To our clients and friends:
On December 19, 2023, the Fifth Circuit vacated a recently finalized rule of the U.S. Securities and Exchange Commission that would have required enhanced disclosure of stock "buyback."
Our Alert regarding the rule and the Fifth Circuit's holding is available here.
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On October 24, 2023, the federal bank regulatory agencies jointly issued a final rule to strengthen and modernize the regulations implementing the Community Reinvestment Act. The rule continues to tailor performance standards to account for differences in bank size and business models, and most significantly affects “large banks” with $2 billion or more in assets while providing flexibility for “small banks” with less than $600 million in assets. Our Alert discusses the new key provisions and is available here.
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On September 21, 2023, the National Credit Union Administration Board unanimously approved a final rule designed to give federally-insured credit unions additional flexibility to use advanced technologies and to partner with fintechs. Our Alert discusses the provisions of the new regulation and the legal and regulatory considerations relevant to credit unions’ fintech partnerships.
Read More...Luse Gorman, PC is pleased to announce that we were the No. 1 legal advisor in the nation for bank mergers for the nine months ended September 30, 2023, based on the number of transactions, as reported by S&P Global Market Intelligence. Luse Gorman was also the No. 1 legal advisor in the nation for bank mergers, based on the number of transactions, for the quarter ended September 30, 2023.
Luse Gorman has the largest community bank legal practice group in the country. Our extensive experience with community financial institutions and the broad range of merger and acquisition transactions in which we are involved has enabled us to provide unparalleled service and expertise to our clients. As always, we would like to thank our clients for their continued support and confidence.
For more information, please visit our website at www.luselaw.com.
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