February 8, 2023

On January 27, 2023, Bancorp 34, Inc., Scottsdale, Arizona, the holding company for Bank 34, completed the second round of a private offering for a total offering of $29.6 million of common stock and preferred stock that is convertible into non-voting common stock.

Luse Gorman served as legal counsel to Bancorp 34 in the offering. The Luse Gorman team consisted of Ned Quint, Gary Lax and Benjamin Azoff.

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