Luse Gorman Serves as Legal Counsel to Northwest Bancshares, Inc. in its Proposed Acquisition of MutualFirst Financial, Inc. and MutualBank
On October 29, 2019, Northwest Bancshares, Inc. (“Northwest”), Warren, Pennsylvania, and MutualFirst Financial, Inc. (“MutualFirst”), Muncie, Indiana, the holding company of MutualBank, entered into a definitive merger agreement pursuant to which MutualFirst will merge with and into Northwest, with Northwest as the resulting company.
Read More...Jeff Cardone presented at the Wisconsin Bankers Association’s 2019 Directors Summit
Jeff Cardone presented at the Wisconsin Bankers Association’s Directors Summit on October 15, 2019 in Madison, Wisconsin. The presentation titled “Corporate Governance Hot Topics” focused on strategic planning best practices for community bank boards and senior management related to capital planning and mergers and acquisitions and also discussed recent regulatory developments, including the community bank leverage ratio final rule issued by the FDIC and the SAFE Banking Act related to banking cannabis-related businesses.
Read More...Luse Gorman is Legal Counsel to PB Bancorp, Inc. in its Proposed Merger with Centreville Bank
On October 22, 2019, PB Bancorp, Inc., Putnam, Connecticut, the holding company for Putnam Bank, a Connecticut-chartered stock savings bank, and Centreville Bank, West Warwick, Rhode Island, a Rhode Island-chartered mutual savings bank, announced the signing of a definitive merger agreement pursuant to which Centreville Bank will acquire PB Bancorp and Putnam Bank, with Centreville Bank as the surviving institution.
Read More...Luse Gorman served as Legal Counsel to Provident Bancorp, Inc. in its Conversion and Stock Offering
On October 16, 2019, Provident Bancorp, Inc., Amesbury, Massachusetts, the holding company of The Provident Bank, completed its conversion from the mutual holding company to the stock holding company form of organization and related stock offering, whereby Provident Bancorp sold $102.1 million of common stock at $10.00 per share.
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