February 19, 2019
John J. Gorman is leading a discussion of the “Role of the Delaware Courts” at the NACD’s Battlefield to Boardroom program on February 21, 2019. This board development program is designed to prepare retired and soon-to-retire military flag and general officers to serve in the boardroom. As the recognized authority on leading boardroom practices, the NACD helps boards strengthen investor trust and public confidence by ensuring that today's directors are well prepared for tomorrow's challenges. John is a faculty member of the NACD, and served as a Commissioner on the 2016 Blue Ribbon Commission on Building the Strategic-Asset Board.
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February 11, 2019
On February 1, 2019, Valley Central Bank and its mutual holding company, Valley Central, MHC, Liberty Township, Ohio, announced the execution of an agreement with American Savings Bank, Middletown, Ohio, pursuant to which American Savings Bank will merge with and into Valley Central Bank.
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February 8, 2019
The Securities and Exchange Commission recently made changes to its rules governing the disclosure provided in filings submitted to the SEC. The attached newsletter provides a review of the changes that public companies should be aware of as they prepare their Annual Reports on Form 10-K.
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February 8, 2019
On February 6, 2019, Abington Bank, Abington, Massachusetts, and Pilgrim Bank, Cohasset, Massachusetts, a member of the multi-bank mutual holding company, Hometown Financial Group, MHC, announced that Abington Bank will merge into Pilgrim Bank. Upon completion of the merger, the combined institution will have approximately $600 million in total assets and will operate as an independent subsidiary of Hometown Financial Group, MHC’s subsidiary, Hometown Financial Group, Inc.
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February 1, 2019
John J. Gorman and Lawrence M. F. Spaccasi presented “Advance Planning for a Successful M&A Transaction” at the 2019 BankDirector Acquire or Be Acquired Conference in Phoenix Arizona. The session addressed advance planning steps that are critical for a successful M&A transaction, for both a buyer and a seller and focused on measures that can be taken well in advance of the commencement of negotiations to avoid surprises, manage expectations and maximize value.
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