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.”
The Buckley Sandler team led by Noel M. Gruber and counsel Ryan S. Pollard.