Luse Gorman Serves as Legal Counsel to CB Financial Services, Inc. in its Proposed Acquisition of First West Virginia Bancorp, Inc.

November 16, 2017

On November 16, 2017, CB Financial Services, Inc. (“CB”), Carmichaels, Pennsylvania, and First West Virginia Bancorp, Inc. (“First West Virginia”), Wheeling, West Virginia, entered into a definitive merger agreement pursuant to which First West Virginia will merge with and into CB, with CB as the resulting company, for total merger consideration of approximately $49.0 million.

Read More...

Luse Gorman Serves as Legal Counsel to Metropolitan Bank Holding Corp. In Its $125 Million Initial Public Offering

November 15, 2017

On November 10, 2017, Metropolitan Bank Holding Corp., New York, New York (“MBHC”), the parent bank holding company for Metropolitan Commercial Bank, completed an initial public offering through a firm commitment underwritten sale of 3.565 million shares of common stock at a price of $35.00 per share, which included the underwriter’s overallotment option. MBHC’s stock began trading on the New York Stock Exchange on November 8, 2017 under the symbol “MCB.”

Read More...

Luse Gorman Serves as Legal Counsel to Kearny Financial Corp. in its Proposed Merger with Clifton Bancorp Inc.

November 2, 2017

On November 1, 2017, Kearny Financial Corp. (“Kearny”), Fairfield, New Jersey, and Clifton Bancorp Inc. (“Clifton”), Clifton, New Jersey, entered into a definitive merger agreement pursuant to which Clifton will merge with and into Kearny in an all-stock transaction, with Kearny as the resulting company, for total merger consideration of approximately $408.0 million.

Read More...