April 19, 2024

On April 17, 2024, Arlo Financial Holdings, Inc., a Missouri corporation formed by an investor group of experienced bankers, and Systematic Savings Bank, Springfield, Missouri, announced their definitive agreement for Arlo Financial to acquire Systematic Savings Bank in an all-cash transaction valued at approximately $14.0 million.

In connection with the transaction, Arlo Financial will become the bank holding company for Systematic Savings Bank.

Luse Gorman is serving as legal counsel to Arlo Financial in the transaction.  The Luse Gorman team consists of Steven Lanter, Ben Azoff, Gregory Sobczak and Brendan Saxon.

Luse Gorman has acted as counsel on more than 100 bank M&A transactions during the past seven years and more bank 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.