April 20, 2019
Jeff Cardone presented at the Independent Bankers Association of New York State 2019 Directors Conference on April 16 and April 17. The presentation titled “Considering Capital and M&A in the Strategic Plan.” The presentation focused on how M&A and capital alternatives fit into the Board’s strategic plan and discussed key considerations with respect to raising capital and M&A transactions, including the new capital rules and framework under the Regulatory Relief Act, critical elements of a successful M&A transaction and compensation issues.
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March 13, 2019
Thomas P. Hutton presented, together with Fabrizio D’Uva of Pentegra, at the North Carolina Bankers Association 2019 Bank Directors Assembly on March 11, 2019. The presentation, entitled Lesser Known Issues in M&A Due Diligence and Transactions, focused on some of the lesser known issues that have become very important in mergers and acquisitions. These issues Include the “transfer for value” associated with Bank Owned Life Insurance and the possible tax issues for entities that acquire BOLI, compensation payments (including severance and supplemental benefits) that may no longer be deductible for tax purposes after the revisions to Internal Revenue Code Section 162(m) and the entry of credit unions into the M&A market for small banks.
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February 19, 2019
Lawrence Spaccasi presented as part of a panel entitled “Should Your Savings Association Take Advantage of HOLA Flexibility?” at the 2019 ABA Conference for Community Bankers in San Diego on February 11, 2019. The panel discussed the proposed OCC rule which will allow federal savings associations to elect to operate and be regulated like national banks without changing their charters. The presentation focused on the pros and cons of the election and outstanding issues that should be addressed by the final rule.
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February 19, 2019
Thomas P. Hutton presented as part of a panel entitled “Benefits Programs that Engage the Best Employees” at the 2019 ABA Conference for Community Bankers in San Diego on February 12, 2019. The panel included discussions on ways of attracting and retaining top employees, including using student loan debt reduction plans, to retirement programs, to stock ownership programs.
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February 19, 2019
John J. Gorman is leading a discussion of the “Role of the Delaware Courts” at the NACD’s Battlefield to Boardroom program on February 21, 2019. This board development program is designed to prepare retired and soon-to-retire military flag and general officers to serve in the boardroom. As the recognized authority on leading boardroom practices, the NACD helps boards strengthen investor trust and public confidence by ensuring that today's directors are well prepared for tomorrow's challenges. John is a faculty member of the NACD, and served as a Commissioner on the 2016 Blue Ribbon Commission on Building the Strategic-Asset Board.
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