Transactions

Luse Gorman Served as Legal Counsel to Zeal Credit Union in its Acquisition of Gogebic Range Bank

January 16, 2026

On January 1, 2026, Zeal Credit Union, Livonia, Michigan, completed its purchase of substantially all assets and the assumption of substantially all liabilities of Gogebic Range Bank, Ironwood, Michigan, the wholly-owned subsidiary of West End Financial Corp. Following the completion of the transaction, Zeal Credit Union had over $1.0 billion in assets and 17 branch locations.

Luse Gorman is Legal Counsel to Community Bank, N.A. in its Proposed Acquisition of ClearPoint Federal Bank & Trust

January 15, 2026

On January 14, 2026, Community Bank, N.A. (“Community Bank”), a subsidiary of Community Financial System, Inc., entered into an agreement to acquire ClearPoint Federal Bank & Trust (“ClearPoint”) in an all-cash transaction valued at $40 million, subject to a potential purchase price adjustment. 

Luse Gorman Served as Legal Counsel to First Commerce Bancorp, Inc. in its $40.0 Million Subordinated Debt Issuance

January 8, 2026

On December 30, 2025, First Commerce Bancorp, Inc. (the “Company”), Lakewood, New Jersey, the holding company for First Commerce Bank, completed a private issuance of $40.0 million of 7.75% Fixed-to-Floating Rate Subordinated Notes due 2035.

Luse Gorman Served as Legal Counsel to MountainOne Bank in a Merger of Equals with Mechanics Cooperative Bank

January 8, 2026

On January 1, 2026, MountainOne Financial, MHC and MountainOne Financial, Inc., North Adams, Massachusetts, the holding companies for MountainOne Bank (“MountainOne”), completed its merger of equals with Mechanics Bancorp, MHC and Mechanics Bancorp, Inc., Taunton, Massachusetts, the holding companies for Mechanics Cooperative Bank. Following the merger, MountainOne and Mechanics Cooperative Bank will remain separate banks.

Luse Gorman Served as Legal Counsel to AdelFi Credit Union in its Merger with Christian Community Credit Union

January 7, 2026

In December 2025, AdelFi Credit Union, Brea, California, completed its merger with Christian Community Credit Union, San Dimas, California. Christian Community Credit Union, as the continuing credit union, has approximately $885 million in assets on a combined basis following the merger.

Luse Gorman served as legal counsel to AdelFi Credit Union in the transaction. The Luse Gorman team included Jeff Cardone and Babette Schwartz.

Luse Gorman has acted as counsel on more than 150 bank and credit union M&A transactions during the past six years and more bank and credit union M&A transactions than any other law firm in the nation over the past 20 years. To learn more about our mergers and acquisitions practice, please visit our website.