October 6, 2021
On September 30, 2021, Home Savings Bank, Madison, Wisconsin, its parent company, Home Bancorp Wisconsin, Inc. ("Home Bancorp"), and Dupaco Community Credit Union ("Dupaco"), Dubuque, Iowa, announced that they had entered into a purchase and assumption agreement, pursuant to which Dupaco will acquire the assets and assume the liabilities of Home Savings Bank in an all cash transaction. Following the completion of the acquisition, Home Bancorp will distribute the net transaction proceeds to its stockholders.
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September 20, 2021
On September 20, 2021, Metropolitan Bank Holding Corp., New York, New York, the holding company for Metropolitan Commercial Bank, completed its underwritten follow-on offering of 2,300,000 shares of its common stock at $75.00 per share, which included the underwriters’ exercise of their right to purchase an additional 300,000 shares of common stock.
Luse Gorman served as legal counsel to Metropolitan Bank Holding Corp in the offering. The Luse Gorman team consisted of Gary Lax, Scott Brown, Greg Sobczak and Ned Quint.
Luse Gorman has extensive experience representing issuers in public offerings and private placements of capital stock, debt, and other securities. To learn more about our Capital Markets and Corporate Finance practice, please visit our website.
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September 20, 2021
On September 18, 2021, Kent Krudys and Tom Hutton presented, together with professionals from S.R. Snodgrass, at the annual CEO Breakfast Session at the PACB Annual Convention. Luse Gorman has been a long-time presenter at the CEO Breakfast. Messrs. Krudys and Hutton led a discussion on current trends in community banking, including topics related to mergers and acquisitions, corporate structure alternatives, regulatory matters, FinTech, cannabis, boardroom diversity, executive and director compensation and benefits and tax matters.
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September 17, 2021
On September 15, 2021, Greene County Bancorp, Inc., Catskill, New York, the holding company for The Bank of Greene County, completed a private placement of $30.0 million of its 3.00% Fixed-to-Floating Rate Subordinated Notes due 2031.
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September 16, 2021
On September 15, 2021, Lakeland Bancorp, Inc., Oak Ridge, New Jersey, the holding company for Lakeland Bank, completed a public offering of $150.0 million of its 2.875% Fixed-to-Floating Rate Subordinated Notes due 2031.
Luse Gorman served as legal counsel to Lakeland Bancorp, Inc. in the offering. The Luse Gorman team consisted of John Gorman, Greg Sobczak, Victor Cangelosi, Scott Brown and Marc Levy.
Luse Gorman has extensive experience representing issuers in public offerings and private placements of capital stock, debt, and other securities. To learn more about our Capital Markets and Corporate Finance practice, please visit our website.
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