June 20, 2025
On June 18, 2025, First Bank, Hamilton, New Jersey, completed a private offering of $35.0 million of 7.125% Fixed-to-Floating Rate Subordinated Notes due 2035.
First Bank operates 27 full-service branches in New Jersey, Pennsylvania and Palm Beach, Florida.
Luse Gorman served as legal counsel to First Bank in the offering. The Luse Gorman team consisted of Marc Levy, Ellie Cook and Lawrence M.F. Spaccasi.
Luse Gorman has extensive experience representing issuers in public offerings and private placements of capital stock, debt, and other securities. To learn more about our Capital Markets and Corporate Finance practice, please visit our website.
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June 12, 2025
On June 10, 2025, Chemung Financial Corporation, Elmira, New York, the holding company for Chemung Canal Trust Company, completed a private offering of $45.0 million of 7.75% Fixed-to-Floating Rate Subordinated Notes due 2035.
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June 11, 2025
On June 5, 2025, Orange County Bancorp, Inc. closed the underwritten public offering of 1,720,430 shares of common stock at an offering price of $23.25 per share. Additionally, on June 9, 2025, the underwriters completed the sale of the overallotment option of 258,064 additional shares of common stock at the offering price of $23.25 per share. In aggregate, the gross proceeds of the offering were $46.0 million.
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June 10, 2025
On June 5, 2025, Provident Bancorp, Inc., Amesbury, Massachusetts, announced the signing of a merger agreement with NB Bancorp, Inc., Needham, Massachusetts, pursuant to which Provident Bancorp will merge with and into NB Bancorp in a cash and stock transaction valued at approximately $211.8 million.
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June 3, 2025
On June 1, 2025, The First of Long Island Corporation, Melville, New York, the holding company for The First National Bank of Long Island, completed its merger with ConnectOne Bancorp, Inc., Englewood Cliffs, New Jersey, the holding company for ConnectOne Bank.
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