On May 18, 2023, Benjamin Azoff was a panelist at Street Talk: US Banking Liquidity Crunch – Fundamental Performance and Outlook Event hosted by S&P Global Market Intelligence. The event featured two panels of U.S. bank investors and advisers that discussed U.S. bank liquidity trends and their impact on the competitive landscape and investment opportunities… Read more »
Posts By: tames
Alert – SEC Adopts Amendments to Expand Share Repurchase Disclosure
To our clients and friends: The SEC recently adopted a final rule to expand disclosure requirements related to an issuer’s repurchase of its equity securities, also known “buybacks.” On October 1, 2023, issuers must start tracking new details about all share repurchases. Our Alert regarding the new requirements is available here.
Zac Davis presented at California Bankers’ 2023 Annual Conference
Zac Davis presented “Corporate Governance in Today’s Environment: Top Issues and Hot Topics” at California Bankers’ 2023 Annual Conference in Wailea, Hawaii. The presentation addressed important corporate governance topics and issues and the role of modern bank directors and senior executives, and also covered current regulatory initiatives, new regulations, strategic planning and recent developments in… Read more »
Luse Gorman Served as Legal Counsel to NuMark Credit Union in its Acquisition of Pioneer State Bank
On March 31, 2023, NuMark Credit Union, Joliet, Illinois, completed its acquisition of Pioneer State Bank, Earlville, Illinois. All four of Pioneer State Bank’s branches will operate as branch offices of NuMark Credit Union, increasing NuMark Credit Union’s total branches to 13 and total assets to approximately $759 million following the completed acquisition. Luse Gorman… Read more »
Alert – NCUA Approves an Amendment to its Current Rule on Subordinated Debt
To our clients and friends: Recently, the NCUA finalized an amendment to its current rules on subordinated debt. The amendment makes two material changes to the current rule. First, there is no longer a maximum maturity for subordinated notes, provided certain requirements are satisfied. In addition, the regulatory capital treatment of grandfathered secondary capital was… Read more »