On November 6, 2018, Mutual Bank, Whitman, Massachusetts, and North Easton Savings Bank, South Easton, Massachusetts, jointly announced that the banks will merge operations under the North Easton Savings Bank name.
Read More...On Tuesday, October 30, Eric Luse and Jeff Cardone gave a presentation on “Recent Developments in Executive Compensation” at the 2018 New York Bankers Association Financial Services Forum in Key Biscayne, Florida. T
Read More...On October 23, 2018, Hamilton Bancorp, Inc. (“Hamilton”), Towson, Maryland, the holding company for Hamilton Bank, and Orrstown Financial Services, Inc. (“Orrstown”), Shippensburg, Pennsylvania, the holding company for Orrstown Bank, announced a definitive merger agreement pursuant to which Hamilton will merge with and into Orrstown, with Orrstown as the resulting company. Hamilton stockholders will receive for each share of Hamilton common stock (1) $4.10 in cash, subject to adjustment as set forth in the Merger Agreement, and (2) 0.54 shares of Orrstown common stock.
Read More...On August 21, 2018, the Internal Revenue Service released Notice 2018-68 which provides guidance regarding the changes made to Section 162(m) of the Internal Revenue Code by the Tax Cuts and Jobs Act of 2017, which is effective for tax years after January 1, 2018.
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