On February 1, 2019, Valley Central Bank and its mutual holding company, Valley Central, MHC, Liberty Township, Ohio, announced the execution of an agreement with American Savings Bank, Middletown, Ohio, pursuant to which American Savings Bank will merge with and into Valley Central Bank.
Read More...The Securities and Exchange Commission recently made changes to its rules governing the disclosure provided in filings submitted to the SEC. The attached newsletter provides a review of the changes that public companies should be aware of as they prepare their Annual Reports on Form 10-K.
Read More...On February 6, 2019, Abington Bank, Abington, Massachusetts, and Pilgrim Bank, Cohasset, Massachusetts, a member of the multi-bank mutual holding company, Hometown Financial Group, MHC, announced that Abington Bank will merge into Pilgrim Bank. Upon completion of the merger, the combined institution will have approximately $600 million in total assets and will operate as an independent subsidiary of Hometown Financial Group, MHC’s subsidiary, Hometown Financial Group, Inc.
Read More...John J. Gorman and Lawrence M. F. Spaccasi presented “Advance Planning for a Successful M&A Transaction” at the 2019 BankDirector Acquire or Be Acquired Conference in Phoenix Arizona. The session addressed advance planning steps that are critical for a successful M&A transaction, for both a buyer and a seller and focused on measures that can be taken well in advance of the commencement of negotiations to avoid surprises, manage expectations and maximize value.
Read More...We are pleased to announce that Luse Gorman, PC has again received the No. 1 National Ranking as legal counsel for mutual-to-stock conversions and mutual holding company transactions, as reported by S&P Global Market Intelligence, for transactions completed in 2018.
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