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News & Events

Luse Gorman is Legal Counsel to Hometown Financial Group, Inc. in its Proposed Acquisition of Primary Bank

July 7, 2026

On July 6, 2026, Hometown Financial Group, Inc., Easthampton, Massachusetts, the parent company of bankESB, entered into a merger agreement pursuant to which it will acquire Primary Bank, Bedford, New Hampshire, in a cash and stock transaction valued at approximately $160 million.

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Luse Gorman Served as Legal Counsel to Adirondack Bancorp, Inc. in its Merger with Arrow Financial Corporation

July 6, 2026

On July 1, 2026, Adirondack Bancorp, Inc., Utica, New York, the holding company for Adirondack Bank, completed its merger with and into Arrow Financial Corporation, Glens Falls, New York, the holding company for Arrow Bank.

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Luse Gorman Served as Legal Counsel to First Mutual Holding Co. in its $25.0 Million Subordinated Debt Issuance

July 2, 2026

On June 11, 2026, First Mutual Holding Co. (the “Company”), Lakewood, Ohio, a federally chartered mutual holding company for Blue Grass Federal, First Federal Lakewood, First Mutual Bank, Martinsville First Savings Bank and Warsaw Federal, completed a private placement of $25.0 million of 7.25% Fixed-to-Floating Rate Subordinated Notes due 2036.

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Luse Gorman is Legal Counsel to 1895 Bancorp of Wisconsin, in its Proposed Merger with North Shore Bank

June 22, 2026

On June 17, 2026, 1895 Bancorp of Wisconsin, Inc., Greenfield, Wisconsin, and North Shore Bank, Brookfield, Wisconsin, entered into a merger agreement pursuant to which 1895 Bancorp of Wisconsin will merge with and into North Shore Bank in an all-cash transaction valued at an estimated range of $18.40 to $18.66 per share of 1895 Bancorp of Wisconsin common stock.

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Luse Gorman is Legal Counsel to Ion Bank in its Proposed Merger with The Cooperative Bank

June 18, 2026

On May 20, 2026, Ion Bank, Naugatuck, Connecticut, a subsidiary of Ion Financial, MHC, Inc., entered into a merger agreement pursuant to which The Cooperative Bank, Roslindale, Massachusetts, will merge into Ion Bank, with Ion Bank as the surviving entity.

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Practice Areas

Mergers and Acquisitions
Capital Markets and Corporate Finance
Public Company Reporting and Shareholder Relations
Executive Compensation, Employee Benefits and Taxation
Corporate Governance
Bank Regulatory and Enforcement Services
De Novo Banks and Bank Charter Conversions

Luse Gorman, PC
5335 Wisconsin Avenue, NW, Suite 780
Washington, D.C. 20015

(202) 274-2000