September 21, 2022
Scott A. Brown and Lawrence M. F. Spaccasi presented “The Role of Compensation in M&A Transactions” at the Massachusetts Bankers Association 2022 Annual Compensation Conference in Framingham, Massachusetts. Noting how compensation and employee benefit-related matters can impact pricing, deal timing and employee retention, this session focused on how compensation matters affect transactions and what should be done in advance to avoid common pitfalls and planning errors. The session also included discussion of how the structure of compensation arrangements can impact the attractiveness of a seller and the flexibility and creativeness that a buyer can employ to minimize adverse personal and corporate tax consequences and possible delays. This session also provided practical guidance and pre-planning measures that should be taken in advance of any transaction.
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July 20, 2022
Scott A. Brown and Lawrence M. F. Spaccasi presented “Hot Topics Affecting Community Banks” for a webinar hosted by FinPro, Inc. The webinar addressed the current regulatory environment and certain regulatory, consumer compliance, transactional, ESG and governance and disclosure matters affecting community banks.
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June 14, 2022
Zac Davis presented at the Connecticut Bankers Association’s 2022 Legislative Update on June 14, 2022. The presentation titled “Adjustable Interest Rate (LIBOR) Act and its Preemption of State LIBOR Transition Legislation” focused on the provisions of the federal Adjustable Interest Rate (LIBOR) Act passed into law on March 15, 2022, including the various options for transitioning away from LIBOR under the Act and steps that financial institutions can take to position themselves for the transition in advance of the cessation of USD LIBOR on June 30, 2023.
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June 14, 2022
On June 13, 2022, Tom Hutton presented, together with a professional from NFP Executive Benefits, at the 132nd Annual Meeting of the Tennessee Bankers Association. The presentation reviewed common elements of an effective executive compensation program and focused on using employment agreements, change in control agreements, deferred compensation arrangements, and life insurance arrangements to attract and retain management-level employees. The presentation discussed not only the general design of these arrangements, but the importance of coordinating arrangements with one another in order to avoid unintended consequences, as well as the funding of these arrangements and how these arrangements work in mergers and acquisitions.
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January 31, 2022
Scott A. Brown and Lawrence M. F. Spaccasi presented “Advice and Counsel for Potential Sellers” at the 2019 BankDirector Acquire or Be Acquired Conference in Phoenix, Arizona. The session addressed advance planning steps that are critical for a successful M&A transaction from a seller’s perspective and focused on measures that can be taken well in advance of the commencement of negotiations to avoid surprises, manage expectations and maximize value.
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