March 6, 2024

On March 5, 2024, Hometown Financial Group, Inc., Easthampton, Massachusetts, the holding company for Abington Bank, bankESB and Hometown Bank, completed the private placement of $135.0 million of 8.75% Fixed-Rate Senior Notes due 2037 (the “Notes”).  The Notes are intended to qualify as Tier 2 capital for regulatory purposes.

Luse Gorman served as legal counsel to Hometown Financial Group in the offering. The Luse Gorman team consisted of Scott Brown and Ned Quint.

Luse Gorman was the No. 1 legal advisor in the nation in 2023, based on number of transactions, for offerings by financial institutions, as reported by S&P Global Market Intelligence. To learn more about our Capital Markets and Corporate Finance practice, please visit our website.