On June 1, 2026, MAC Federal Credit Union, Fairbanks, Alaska, merged with and into Credit Union 1, Anchorage, Alaska. Following the merger, Credit Union 1 has more than $1.7 billion in assets and serves over 112,000 members across 19 branches.
Read More...On June 1, 2026, Community Bank, N.A. (“Community Bank”), a subsidiary of Community Financial System, Inc., completed its acquisition of ClearPoint Federal Bank & Trust in an all-cash transaction valued at $39 million, subject to a potential purchase price adjustment.
Read More...On June 1, 2026, Bogota Savings Bank, Bogota Financial Corp. and Bogota Financial, MHC, each of Teaneck, New Jersey, entered into a merger agreement with GSL Savings Bank, Guttenberg, New Jersey, pursuant to which GSL Savings Bank will merge with and into Bogota Savings Bank.
Read More...To our clients and friends:
On May 19, 2026, the SEC proposed a new rule and form amendments aimed at enhancing public companies’ ability to conduct registered offerings. The proposed amendments would enable more public companies to conduct shelf offerings through a Registration Statement on Form S-3, extend well-known seasoned issuer benefits to a broader set of issuers, preempt state “blue sky” securities laws for registered offerings, and modernize the Registration Statement on Form S-1 by expanding the ability to incorporate information by reference into the Form. Our Legal Update on this proposal can be found here.
Luse Gorman, PC regularly advises companies regarding corporate governance, shareholder matters and SEC developments. If you have any questions related to this Legal Update, please reach out to your usual firm contact.
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