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 »
Posts By: tames
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 »
Jeff Cardone presented at the Wisconsin Bankers 2019 Directors Summit
Jeff Cardone presented at the Wisconsin Bankers 2019 Directors Summit on May 29 and May 30, 2019. The presentation titled “Corporate Governance Hot Buttons in Today’s Regulatory Environment.” The presentation focused on evolving trends in corporate governance, including topics related to regulatory reform, how M&A and capital alternatives fit into the Board’s strategic plan, incentive… Read more »
Luse Gorman is Legal Counsel to Pathfinder Bancorp, Inc. in its Private Placement of $20.8 Million of Securities
On May 9, 2019, Pathfinder Bancorp, Inc. (“Pathfinder”), Oswego, New York, the holding company for Pathfinder Bank, completed a private placement of $20.8 million of shares of common stock, a warrant to purchase shares of common stock, and shares of convertible perpetual preferred stock. The offering was made to local investors and to Castle Creek… Read more »