ALERT – FDIC Bank Merger Policy Statement

April 3, 2024

To our clients and friends:

On March 21, the FDIC proposed revisions to its Statement of Policy on Bank Merger Transactions, which are intended to provide guidance on how the agency reviews merger applications under the Bank Merger Act. Our Client Alert describes the most relevant aspects of the new policy statement and includes key takeaways that will be important for banks considering future merger and acquisition activity. Our Alert regarding the FDIC’s proposed changes to its policy statement process is available here.
Luse Gorman has acted as counsel on more than 100 bank M&A transactions during the past five years and more bank M&A transactions than any other law firm in the nation over the past 20 years. Luse Gorman regularly works with federal and state banking agencies to seek regulatory approval for business transactions, including mergers and acquisitions, and routinely handles complex and novel legal questions on behalf of its clients as they arise. To learn more about our firm and services, please visit our website.

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Alert – SEC Finalizes Climate Disclosure Rules

April 1, 2024

To our clients and friends:

On March 6, 2024, the Securities and Exchange Commission issued final rules requiring registrants to disclose climate-related risks and data in certain filings. These final rules are now the subject of legal challenges in several different jurisdictions.

Our Alert regarding the climate-related disclosure rules is available here.

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Benjamin Azoff was a panelist at Street Talk: US Banking Liquidity Crunch – Fundamental Performance and Outlook Event at Convene / The Club Room, NYC

May 19, 2023

On May 18, 2023, Benjamin Azoff was a panelist at Street Talk: US Banking Liquidity Crunch – Fundamental Performance and Outlook Event hosted by S&P Global Market Intelligence. The event featured two panels of U.S. bank investors and advisers that discussed U.S. bank liquidity trends and their impact on the competitive landscape and investment opportunities in the sector. Key topics included the safety and soundness of U.S. banks, investor sentiment toward the group, and the outlook for M&A activity and potential regulatory and accounting changes on the horizon.

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Newsletter – Adjustable Interest Rate (LIBOR) Act

September 19, 2022

To our clients and friends:

The Board of Governors of the Federal Reserve System has proposed regulations to implement the Adjustable Interest Rate Act (the “LIBOR Act”). The LIBOR Act and the Federal Reserve’s proposed implementing regulations are intended to address the discontinuation of the USD LIBOR benchmarks on June 30, 2023, by establishing a SOFR-based replacement benchmark that will automatically apply to agreements that rely on LIBOR and do not have a contractual non-LIBOR-based fallback benchmark.

Our newsletter, which summarizes the key provisions of the proposed regulations, is available here.

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