Tom Hutton presented at the 132nd Annual Meeting of the Tennessee Bankers Association

June 14, 2022

On June 13, 2022, Tom Hutton presented, together with a professional from NFP Executive Benefits, at the 132nd Annual Meeting of the Tennessee Bankers Association. The presentation reviewed common elements of an effective executive compensation program and focused on using employment agreements, change in control agreements, deferred compensation arrangements, and life insurance arrangements to attract and retain management-level employees. The presentation discussed not only the general design of these arrangements, but the importance of coordinating arrangements with one another in order to avoid unintended consequences, as well as the funding of these arrangements and how these arrangements work in mergers and acquisitions.


Luse Gorman is Legal Counsel to PCSB Financial Corporation in its Proposed Merger with Brookline Bancorp, Inc.

May 25, 2022

On May 24, 2022, PCSB Financial Corporation, Yorktown Heights, New York, announced the signing of a merger agreement with Brookline Bancorp, Inc., Boston, Massachusetts, pursuant to which PCSB Financial Corporation will merge with and into Brookline Bancorp in a stock and cash transaction valued at approximately $313.0 million. Following the transaction, PCSB Bank will operate as a separate bank subsidiary of Brookline Bancorp.