Luse Gorman is Legal Counsel to Adirondack Bancorp, Inc. in its Proposed Merger with Arrow Financial Corporation

February 27, 2026

On February 25, 2026, Adirondack Bancorp, Inc. (“Adirondack”), the parent company for Adirondack Bank (“Adirondack Bank”), entered into an agreement and plan of merger (the “Agreement”) with Arrow Financial Corporation (“Arrow”), the parent company of Arrow Bank National Association (“Arrow Bank”) and Arrow Merger Sub, Inc. Pursuant to the Agreement, Arrow will be the surviving parent company and Arrow Bank will be the surviving bank. The cash and stock transaction is valued at $89.1 million.

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Luse Gorman Served as Legal Counsel to Frontier Credit Union in its Acquisition of First Citizens Bank of Butte

February 12, 2026

On February 1, 2026, Frontier Credit Union, Idaho Falls, Idaho, completed its purchase of substantially all assets and the assumption of substantially all liabilities of First Citizens Bank of Butte, Butte, Montana, the wholly-owned subsidiary of Butte Bank Shares, Inc. Following the completion of the transaction, Frontier Credit Union had approximately $775 million in assets and 16 branch locations.

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Luse Gorman Served as Legal Counsel to First Savings Financial Group, Inc. in its Merger with First Merchants Corporation

February 3, 2026

On February 1, 2026, First Savings Financial Group, Inc., Jeffersonville, Indiana, the holding company for First Savings Bank, completed its previously announced merger with First Merchants Corporation, Muncie, Indiana, the holding company for First Merchants Bank. As part of the all-stock transaction, First Savings Bank merged with and into First Merchants Bank.

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