Luse Gorman is Legal Counsel to First Federal Bank of Wisconsin in its Proposed Acquisition of Mitchell Bank
Read More...Luse Gorman Served as Legal Counsel to Kearny Financial Corp. in its Completed Acquisition of MSB Financial Corp.
On July 10, 2020, Kearny Financial Corp., Fairfield, New Jersey (“Kearny”), the holding company for Kearny Bank, completed its acquisition of MSB Financial Corp., Millington, New Jersey (“MSB”), the holding company for Millington Bank. MSB stock was exchanged for a mix of 90% Kearny stock and 10% cash. The transaction was subject to the approval of the FDIC, the New Jersey Department of Banking and Insurance and the stockholders of MSB.
Read More...Luse Gorman is Legal Counsel to Bridge Bancorp, Inc. in Its Proposed Merger of Equals with Dime Community Bancshares, Inc.
On July 1, 2020, Bridge Bancorp, Inc., Bridgehampton, New York, the holding company for BNB Bank, and Dime Community Bancshares, Inc., Brooklyn, New York, the holding company for Dime Community Bank, entered into a definitive merger agreement, pursuant to which Dime Community Bancshares will merge with and into Bridge Bancorp, with Bridge Bancorp as the resulting company operating under the Dime name, in a merger of equals transaction.
Read More...Luse Gorman is Legal Counsel to BV Financial, Inc. in Its Proposed Merger with Delmarva Bancshares, Inc.
On June 17, 2020, BV Financial, Inc., Edgemere, Maryland, the holding company for BayVanguard Bank, and Delmarva Bancshares, Inc., Cambridge, Maryland, the holding company for 1880 Bank, entered into a definitive merger agreement, pursuant to which Delmarva Bancshares will merge with and into BV Financial, with BV Financial as the resulting company. Delmarva Bancshares shareholders will receive $8.90 in cash per share of Delmarva Bancshares common and preferred stock. The total merger consideration is valued at approximately $54.0 million.
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