May 14, 2026
To our clients and friends:
On May 5, 2026, the Securities and Exchange Commission (the “SEC”) issued a proposed rule to amend periodic reporting requirements for public companies under the Securities Exchange Act of 1934 that have been in place for more than 50 years. Under the proposed rule, reporting companies would be permitted to file semiannual reports on a new Form 10-S in lieu of quarterly reports on Form 10-Q. Our Legal Update covering the proposed rule and key takeaways is available 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. To learn more about our firm and services, please visit our website.
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May 13, 2026
Today we published Volume 29 of The Bankers’ Bulletin, which provides our insights into key banking industry developments from April 2026, including the:
• Proposed revisions to the BSA/AML compliance regime;
• Banking agencies’ updated model risk guidance;
• OCC’s regulations to preempt state interchange fee laws;
• Final community bank leverage ratio rule;
• FDIC’s report on risks facing the banking industry;
and more.
A link to the latest edition of the Bulletin is available here. If you have any questions related to any of the items covered in this edition of the Bulletin, please reach out to Brendan Clegg (bclegg@luselaw.com), Marc Levy (mlevy@luselaw.com), Scott Brown (sbrown@luselaw.com), Keeler Fina (kfina@luselaw.com), or your regular Firm contact. To learn more about Luse Gorman, please visit our website.
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May 8, 2026
On May 1, 2026, LINKBANCORP, Inc., Camp Hill, Pennsylvania, the holding company for LINKBANK, completed its merger with and into Burke & Herbert Financial Services Corp., Alexandria, Virginia, the holding company for Burke & Herbert Bank & Trust Company.
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May 7, 2026
On May 5, 2026, First Seacoast Bancorp, Inc. (“First Seacoast”), Dover, New Hampshire, and Cambridge Financial Group, Inc. (“Cambridge Financial”), Cambridge, Massachusetts, entered into a merger agreement pursuant to which First Seacoast will merge with and into Cambridge Financial in an all-cash transaction valued at approximately $80.9 million
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May 6, 2026
On May 5, 2026, Benjamin Azoff participated in the Bank Legal Panel at the D.A. Davidson 28th Annual Financial Institutions Conference in Nashville, Tennessee. The session focused on the current regulatory environment, AI, capital planning and the mergers and acquisitions landscape.
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