March 15, 2023
On March 14, 2023, 1831 Bancorp, MHC, Dedham, Massachusetts, and South Shore Bancorp, MHC, South Weymouth, Massachusetts, announced their agreement to form a strategic partnership through the merger of 1831 Bancorp, MHC and South Shore Bancorp, MHC. South Shore Bank and Dedham Institution for Savings, the bank subsidiaries of South Shore Bancorp, MHC and 1831 Bancorp, MHC, respectively, will remain independent entities under a mutual multi-bank holding company.
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March 14, 2023
To our clients and friends:
In light of the recent large bank failures, our Alert regarding items that credit unions should consider is available here.
To diversify sources of liquidity, eligible credit unions should consider getting NCUA preapproval to issue subordinated debt, which is discussed in our Alert.
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March 14, 2023
Luse Gorman, PC White Paper - The NCUA's Final Rule on Subordinated Debt
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March 13, 2023
To our clients and friends:
In light of the recent large bank failures, our Alert regarding items that financial institutions should consider is available here.
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February 23, 2023
On February 22, 2023, LINKBANCORP, Inc., Camp Hill, Pennsylvania, entered into a merger agreement with Partners Bancorp, Salisbury, Maryland, pursuant to which Partners will merge with and into LINKBANCORP in an all-stock transaction valued at approximately $167.8 million.
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