May 4, 2024
On May 4, 2024, Lawrence M.F. Spaccasi and Scott A. Brown presented “Hot Topics for Community Banks” at the Massachusetts Bankers Association 2024 Annual Convention in Key Biscayne, Florida. The session focused on certain current matters impacting community banks, including a summary of the litigation case analyzing the constitutionality of the CFPB, the current mergers and acquisitions landscape, the proposed FDIC corporate governance guidelines, the recent FTC non-competition rule and updates on mutual capital. The presentation included the practical impact on each specifically on community banks.
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May 2, 2024
On May 2, 2024, Lawrence M.F. Spaccasi presented “The Future of Mutual Bank Ownership Structure” at the New Jersey Bankers Association 2024 Annual Convention in Naples, Florida. The session focused on certain current matters impacting banking institutions in the mutual form, including potential developments regarding capital instruments issuable by mutual banks and mutual holding companies and developments in the area of mutual to mutual mergers and mutual holding company mergers, including the shared services model.
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February 1, 2024
Scott A. Brown and Lawrence M. F. Spaccasi presented “Addressing Deal Certainty in Uncertain Times” at the 2024 BankDirector Acquire or Be Acquired Conference in Phoenix, Arizona. This session focused on the current regulatory climate with regard to M&A with an emphasis on changing regulatory standards for approval of transactions, hot button issues and potential regulatory threats to the successful and timely completion of a transaction. The session also discussed the growing trend of non-traditional buyers (such as credit unions and investor groups) and the unique regulatory and diligence issues they raise. The session also provided examples of merger agreement provisions that can (and should) be considered when engaging with these non-traditional purchasers to better protect the seller. With the increased regulatory scrutiny of merger transactions, the session also discussed ways to optimize the diligence process, including how to balance a party’s need to ascertain an entity’s regulatory standing while continuing to fulfill its obligations about the treatment of confidential supervisory information.
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January 3, 2024
On December 26, 2023, Brendan Clegg appeared on the BankTalk podcast hosted by Remedy Consulting. On the episode, Brendan discussed the different types of enforcement actions, the ways that an enforcement action can develop, whether directors and officers can be subject to personal actions, common issues that trip up banks and their leadership, and other topics relevant to the bank enforcement process.
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December 18, 2023
On December 5, 2023, Jeff Cardone presented at The Bonadio Financial Group Financial Institutions Seminar. The session focused on the state of the banking and credit union industry and what is top of mind of bank and credit union management teams and boards related to strategic planning, capital and mergers and acquisitions, and also highlighted the supervisory priorities of the regulatory agencies.
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