Buckley Sandler Represents Luther Burbank Corp. in $150 Million IPO
Buckley Sandler LLP represented Luther Burbank Corp., a bank holding company headquartered in Santa Rosa, California, in its recent initial public offering of common stock, which raised gross proceeds of approximately $150 million.
Luther Burbank operates primarily through its wholly owned subsidiary, Luther Burbank Savings, a California-chartered bank with branches in California, Washington, and Oregon.
“We appreciate the confidence expressed by our long-time client, Luther Burbank, in seeking our assistance as it enters the public markets,” said Andrew L. Sandler, Chairman & Executive Partner. “We anticipate significant M&A and IPO activity by our mid-sized and community bank clients over the next several years and have built a strong team to support them as they work through the regulatory and transactional issues related to undertaking these activities.”