To our clients and friends:
The Federal Reserve issued a supervisory letter requiring regulated institutions that are currently engaged in or seeking to engage in crypto-asset-related activities to provide notice to the Federal Reserve and take certain other steps.
Our Alert regarding crypto-asset-related activities is available here.
Read More...To our clients and friends:
Federal Reserve Governor Michelle Bowman recently discussed the need to modernize methods used to analyze effects on competition in markets when evaluating mergers and acquisitions. Our Alert regarding Governor Bowman’s comments is available here.
Read More...On September 16, 2022, LINKBANCORP, Inc., the holding company of The Gratz Bank, including its LINKBANK division, closed its initial public offering of common stock. LINKBANCORP sold 4,575,000 shares of its common stock at a public offering price of $7.50 per share. This is the second firm commitment Bank IPO completed this year.
Read More...To our clients and friends:
The Securities and Exchange Commission recently adopted regulations that will require extensive disclosure comparing executive compensation to financial performance. The new regulations are effective for the upcoming 2023 annual meeting season.
Our Alert regarding the new provision is available here.
Read More...To our clients and friends:
The Inflation Reduction Act, which was recently signed into law, includes a new excise tax on stock repurchases made by certain corporations. The new excise tax is effective for stock repurchased after December 31, 2022.
Our Alert regarding the new provision is available here.
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