On July 1, 2026, San Francisco Federal Credit Union (“SFFCU”), San Francisco, California, completed its purchase of substantially all the assets and assumption of substantially all the liabilities of Summit Bank, Oakland, California, the wholly-owned subsidiary of Summit Bancshares, Inc. Following the completion of the transaction, SFFCU has approximately $1.9 billion in assets and 10 banking locations across the San Francisco Bay Area.

Luse Gorman served as legal counsel to SFFCU in the transaction.  The Luse Gorman team consisted of Jeff Cardone, Michael Brown, Brendan Clegg, Brendan Saxon, Keeler Fina and Trevor Kline.

Luse Gorman has acted as counsel on more than 150 bank and credit union merger transactions during the past ten years and on more bank and credit union merger transactions than any other law firm in the nation over the past 20 years. To learn more about our credit union services and mergers and acquisitions practice, please visit our website