Transactions

Luse Gorman Serves as Legal Counsel to Berkshire Hills Bancorp, Inc. in its Proposed Acquisition of SI Financial Group, Inc.

December 12, 2018

Luse Gorman Serves as Legal Counsel to Mutual Bank in its Proposed Merger with North Easton Savings Bank

November 7, 2018

On November 6, 2018, Mutual Bank, Whitman, Massachusetts, and North Easton Savings Bank, South Easton, Massachusetts, jointly announced that the banks will merge operations under the North Easton Savings Bank name.

Luse Gorman Serves as Legal Counsel to Hamilton Bancorp, Inc. in its Proposed Merger with Orrstown Financial Services, Inc.

October 30, 2018

On October 23, 2018, Hamilton Bancorp, Inc. (“Hamilton”), Towson, Maryland, the holding company for Hamilton Bank, and Orrstown Financial Services, Inc. (“Orrstown”), Shippensburg, Pennsylvania, the holding company for Orrstown Bank, announced a definitive merger agreement pursuant to which Hamilton will merge with and into Orrstown, with Orrstown as the resulting company. Hamilton stockholders will receive for each share of Hamilton common stock (1) $4.10 in cash, subject to adjustment as set forth in the Merger Agreement, and (2) 0.54 shares of Orrstown common stock.

Luse Gorman Served as Legal Counsel to First Interstate BancSystem, Inc. in its Proposed Acquisitions of Idaho Independent Bank and Community 1st Bank

October 12, 2018

On October 11, 2018, First Interstate BancSystem, Inc. (“First Interstate”), Billings, Montana, the holding company for First Interstate Bank (the “Bank”), announced that it had entered into separate definitive merger agreements with each of Idaho Independent Bank (“IIB”), Coeur d’Alene, Idaho, and Community 1st Bank (“Community”), Post Falls, Idaho, pursuant to which IIB and Community will each merge into the Bank, with the Bank as the resulting institution. IIB stockholders will receive 0.50 shares of First Interstate Class A common stock per share of IIB common stock for total merger consideration of approximately $181.3 million.