On June 26, 2019, Oritani Financial Corp., Township of Washington, New Jersey, the holding company for Oritani Bank, and Valley National Bancorp, Wayne, New Jersey, the holding company for Valley National Bank, announced the execution of a definitive merger agreement pursuant to which Oritani will merge with and into Valley, with Valley as the resulting… Read more »
Posts By: tames
SEC Proposes Changes to Its Definitions of Accelerated and Large Accelerated Filers
The Securities and Exchange Commission recently proposed amendments to its definitions of “accelerated filer” and “large accelerated filer.” The attached newsletter provides a review of the proposed changes and discusses how those changes would affect public companies’ periodic reporting with the SEC.
Jeff Cardone presented at the New York Credit Union Association Excel 19 Forum
Jeff Cardone presented at the New York Credit Union Association Excel 19 Forum on June 15, 2019. The presentation titled “Do You Want to Buy a Bank?” The presentation focused on how the acquisition of banks by credit unions has become more common. The presentation also analyzed the factors that drive credit union/bank transactions, including… Read more »
OCC Issues Final Rule to Allow Certain Federal Savings Associations to Elect to Operate with National Bank Powers
To our clients and friends: On May 24, 2019, the Office of the Comptroller of the Currency (“OCC”) issued its final rule (which becomes effective July 1, 2019) to allow a federal savings association with total consolidated assets of $20 billion or less as of December 31, 2017 to elect to operate with national bank… Read more »
Gary Lax presented “Banking the Cannabis Industry” at Maryland Bankers Association Annual Convention
Gary A. Lax presented as “Banking the Cannabis Industry” at the Maryland Bankers Association Annual Convention on June 4, 2019, in Amelia Island, FL. The presentation discussed marijuana-related businesses and Industrial Hemp, the status of federal and state laws, and the elements of a risk assessment and compliance program to on-board customers and provide financial… Read more »