Alert – Volume 8 of The Bankers’ Bulletin
To our clients and friends:
Today we published Volume 8 of The Bankers’ Bulletin. You can find a copy of this edition here.
Luse Gorman Served as Legal Counsel to Fifth District Savings Bank in its Conversion and Related $54.5 Million Stock Offering
On July 31, 2024, Fifth District Savings Bank, New Orleans, Louisiana, completed its conversion from the mutual to stock form of organization. Concurrently, Fifth District Bancorp, Inc., the newly formed holding company for Fifth District Savings Bank, completed its initial public offering by selling 5,459,473 shares of its common stock at $10.00 per share, and also issued 100,000 shares of its common stock to The Fifth District Community Foundation, Inc. Fifth District Bancorp’s common stock is traded on the Nasdaq Capital Market under the symbol “FDSB”.
Read More...Alert – FTC’s Ban on Non-Compete Agreements – Recent Court Decisions
To our clients and friends:
The Federal Trade Commission’s ban on most non-competition agreements continues to make its way through various courts. Attached is an Alert which covers the two most recent court decisions, and the Alert is available here.
Read More...Luse Gorman is Top Legal Advisor for Bank Mergers in First Half of 2024
Luse Gorman, PC was the No. 1 legal advisor in the nation for bank mergers in the first half of 2024, based on the number of transactions, as reported by S&P Global Market Intelligence. Luse Gorman was also the No. 1 legal advisor in the nation for branch transactions in the first half of 2024, based on the number of transactions, as reported by S&P Global Market Intelligence.
Read More...Alert – Volume 7 of The Bankers’ Bulletin
To our clients and friends:
Today we published Volume 7 of The Bankers’ Bulletin. You can find a copy of this edition here.
This volume covers changes to the FDIC’s merger review procedures, the Supreme Court’s latest preemption decision, FinCEN’s proposed expansion of BSA/AML compliance requirements, new activity involving ILC charters, the CFPB’s novel attempts to shape industry behavior, and more.
If you have any questions related to any of the items covered in the Bulletin, please reach out to Brendan Clegg (bclegg@luselaw.com), Marc Levy (mlevy@luselaw.com), Agata Troy (atroy@luselaw.com), or your regular Firm contact. To learn more about our firm and services, please visit our website.
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