May 2, 2024
On May 2, 2024, Lawrence M.F. Spaccasi presented “The Future of Mutual Bank Ownership Structure” at the New Jersey Bankers Association 2024 Annual Convention in Naples, Florida. The session focused on certain current matters impacting banking institutions in the mutual form, including potential developments regarding capital instruments issuable by mutual banks and mutual holding companies and developments in the area of mutual to mutual mergers and mutual holding company mergers, including the shared services model.
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February 1, 2024
Scott A. Brown and Lawrence M. F. Spaccasi presented “Addressing Deal Certainty in Uncertain Times” at the 2024 BankDirector Acquire or Be Acquired Conference in Phoenix, Arizona. This session focused on the current regulatory climate with regard to M&A with an emphasis on changing regulatory standards for approval of transactions, hot button issues and potential regulatory threats to the successful and timely completion of a transaction. The session also discussed the growing trend of non-traditional buyers (such as credit unions and investor groups) and the unique regulatory and diligence issues they raise. The session also provided examples of merger agreement provisions that can (and should) be considered when engaging with these non-traditional purchasers to better protect the seller. With the increased regulatory scrutiny of merger transactions, the session also discussed ways to optimize the diligence process, including how to balance a party’s need to ascertain an entity’s regulatory standing while continuing to fulfill its obligations about the treatment of confidential supervisory information.
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January 3, 2024
On December 26, 2023, Brendan Clegg appeared on the BankTalk podcast hosted by Remedy Consulting. On the episode, Brendan discussed the different types of enforcement actions, the ways that an enforcement action can develop, whether directors and officers can be subject to personal actions, common issues that trip up banks and their leadership, and other topics relevant to the bank enforcement process.
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December 18, 2023
On December 5, 2023, Jeff Cardone presented at The Bonadio Financial Group Financial Institutions Seminar. The session focused on the state of the banking and credit union industry and what is top of mind of bank and credit union management teams and boards related to strategic planning, capital and mergers and acquisitions, and also highlighted the supervisory priorities of the regulatory agencies.
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November 17, 2023
On November 15, 2023, Scott A. Brown presented at the New Hampshire/Vermont Bankers Association 2023 Fall Compliance Workshop in Concord, New Hampshire. The session focused on certain current federal matters impacting community banks, including a summary of the Supreme Court case analyzing the constitutionality of the CFPB, the current mergers and acquisitions landscape, including a discussion of the revamping of the Department of Justice merger guidelines, the recent guidance on vendor management and proposed legislation regarding the clawback of executive compensation. The presentation included the practical impact on each specifically on community banks.
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