August 6, 2018
On August 6, 2018, Lawrence Spaccasi and John Gorman presented “Current Hot Topics for Financial Institutions” at the Annual Banking Forum in Atlantic City, New Jersey. Luse Gorman has been a long-time presenter at the Annual Banking Forum. Messrs. Spaccasi and Gorman led a discussion on evolving trends in community banking, including topics related to regulatory reform, mergers and acquisitions, SEC reporting and executive compensation matters.
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August 2, 2018
On July 30, 2018, BCB Bancorp, Inc. (“BCB”), Bayonne, New Jersey, the holding company for BCB Community Bank, completed a private placement of $33.5 million of its 5.625% Fixed-to-Floating Rate Subordinated Notes due 2028 (the “Notes”).
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August 2, 2018
On July 31, 2018, the Treasury Department issued its report on financial technology (fintech) companies and the OCC announced that it will begin accepting national bank charter applications from fintech companies.
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August 1, 2018
On July 31, 2018, AJS Bancorp, Inc. (“AJSB”), Midlothian, Illinois, the holding company for A. J. Smith Federal Savings Bank, and NorthWest Indiana Bancorp (“NWIN”), Munster, Indiana, the holding company for Peoples Bank SB, announced a definitive merger agreement pursuant to which AJSB will merge with and into NWIN, with NWIN as the resulting company.
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July 25, 2018
On July 25, 2018, Pilgrim Bancshares, Inc. (“Pilgrim”), Cohasset, Massachusetts, and Hometown Financial Group, Inc. (“Hometown”), Easthampton, Massachusetts, entered into a definitive merger agreement pursuant to which Pilgrim will merge with and into Hometown, with Hometown as the resulting company, for total merger consideration valued at approximately $53.9 million.
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