Luse Gorman is Legal Counsel to Freedom of Maryland FCU in its Proposed Merger with Atlantic Financial FCU

March 26, 2024

On March 21, 2024, Freedom of Maryland Federal Credit Union (“Freedom of Maryland FCU”), Bel Air, Maryland, announced the signing of a definitive merger agreement with Atlantic Financial Federal Credit Union (“Atlantic Financial FCU”), Hunt Valley, Maryland, pursuant to which Atlantic Financial FCU will merge into Freedom of Maryland FCU with Freedom of Maryland FCU as the surviving entity.


Luse Gorman is Legal Counsel to Harborstone Credit Union in its Proposed Acquisition of SaviBank

March 25, 2024

On March 22, 2024, Harborstone Credit Union, Lakewood, Washington, announced that it had entered into a purchase and assumption agreement to acquire substantially all the assets and assume substantially all the liabilities of SaviBank, Mount Vernon, Washington, and its parent holding company, Savi Financial Corporation, Inc. Following the completion of the acquisition, SaviBank will distribute the net transaction proceeds to stockholders of SaviFinancial Corporation, Inc., which is estimated to be between $16.00 and $17.00 per share of common stock.