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News & Events

Luse Gorman is Legal Counsel to Isabella Bank Corporation in its Proposed Acquisition of Grand River Commerce, Inc.

June 16, 2026

On June 11, 2026, Isabella Bank Corporation, Mt. Pleasant, Michigan, and Grand River Commerce, Inc., Grandville, Michigan, entered into a merger agreement pursuant to which Isabella will acquire Grand River in a cash and stock transaction valued at approximately $54.6 million.

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Luse Gorman Served as Legal Counsel to Credit Union 1 in its Merger with MAC Federal Credit Union

June 10, 2026

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.

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Alert – Volume 30 of The Bankers’ Bulletin

June 8, 2026

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Luse Gorman Served as Legal Counsel to Community Bank, N.A.

June 3, 2026

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.

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Luse Gorman is Legal Counsel to Bogota Savings Bank in its Proposed Merger with GSL Savings Bank

June 2, 2026

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.

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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