Jeff Cardone presented at M&T Bank’s and The Bonadio Group’s 2019 Financial Institutions Seminar on November 12 and November 13, 2019 in Syracuse and Albany, NY. The presentation titled “Next Steps – Different Alternatives to Raise Capital, Merge, Acquire or Be Acquired” discussed different capital alternatives for community banks, including the new Community Bank Leverage… Read more »
Posts By: tames
Alert – Community Bank Leverage Ratio Final Rule
To our clients and friends: On October 29, 2019, the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation (the “Federal Agencies”) adopted a final rule to simplify the regulatory capital requirements for eligible community banks and holding companies that opt into… Read more »
USDA Releases Regulation on State Establishment of Hemp Production Program
To our clients and friends: On October 29, 2019, the U.S. Department of Agriculture (“USDA”) released its interim final regulation regarding the establishment of hemp production programs by States and Indian Tribes. The regulation becomes effective upon its publication in the Federal Register, which is expected to occur shortly. The USDA regulation requires a State… Read more »
Luse Gorman Serves as Legal Counsel to Northwest Bancshares, Inc. in its Proposed Acquisition of MutualFirst Financial, Inc. and MutualBank
On October 29, 2019, Northwest Bancshares, Inc. (“Northwest”), Warren, Pennsylvania, and MutualFirst Financial, Inc. (“MutualFirst”), Muncie, Indiana, the holding company of MutualBank, entered into a definitive merger agreement pursuant to which MutualFirst will merge with and into Northwest, with Northwest as the resulting company. Each outstanding share of MutualFirst common stock will be exchanged for… Read more »
Jeff Cardone presented at the Wisconsin Bankers Association’s 2019 Directors Summit
Jeff Cardone presented at the Wisconsin Bankers Association’s Directors Summit on October 15, 2019 in Madison, Wisconsin. The presentation titled “Corporate Governance Hot Topics” focused on strategic planning best practices for community bank boards and senior management related to capital planning and mergers and acquisitions and also discussed recent regulatory developments, including the community bank… Read more »