April 30, 2025
On April 28, 2025, First Interstate Bank, Billings, Montana, entered into a definitive agreement to sell twelve branches – its ten Arizona branches and two Kansas branches – to Enterprise Bank & Trust, Clayton, Missouri. Under the agreement, First Interstate Bank will sell the branch facilities together with approximately $740 million in deposits and $200 million in loans.
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April 22, 2025
On April 21, 2025, Marathon Bancorp, Inc., Wausau, Wisconsin, the holding company for Marathon Bank, completed its conversion from the mutual holding company to the stock holding company form of organization and its related stock offering. A total of 1,693,411 shares of common stock were sold at a price of $10.00 per share. Marathon Bancorp’s common stock trades on the Nasdaq Capital Market under the symbol “MBBC.”
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April 14, 2025
On March 28, 2025, Scott A. Brown participated on a Federal Banking Agencies Update panel at a Connecticut Bankers Association meeting held in Bristol, Connecticut. The session focused on around the state of federal banking agencies and how they may evolve during the current administration.
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April 7, 2025
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April 3, 2025
To our clients and friends:
Jeff Cardone, Partner at Luse Gorman, recently authored an article for Tyfone, Inc.’s News & Resource titled “Credit Unions Converting to Mutual Banks – A New Paradigm?”
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