March 29, 2018
On March 28 and 29, 2018, Lawrence Spaccasi presented “Corporate Governance Hot Buttons in Today’s Regulatory Environment” at the Virginia Bankers Association and Virginia Community Bankers Association Annual Directors’ Symposium in Blacksburg, Virginia and Richmond, Virginia. Mr. Spaccasi led a discussion on the overall role and responsibilities of Board and executive management, an update on Board fiduciary duties, current corporate governance issues, gold standard best practices, the increased regulatory focus on governance and recent regulatory enforcement actions involving financial institutions.
Read More...
March 15, 2018
On March 14, 2018, Coastway Bancorp, Inc., Warwick, Rhode Island, and HarborOne Bancorp, Inc., Brockton, Massachusetts, entered into a definitive merger agreement pursuant to which HarborOne Bancorp will acquire Coastway Bancorp in an all-cash transaction.
Read More...
March 9, 2018
The Department of Labor has issued a new final rule (the “Rule”) that will apply to certain disability claims filed on and after April 2, 2018.
Read More...
February 23, 2018
On February 22, 2018, John Gorman presented at the board-prep program “From Battlefield to Boardroom” sponsored by the National Association of Corporate Directors (NACD). John addressed the retired flag and general officers of the United States armed forces in attendance on the “Role of the Delaware Courts.” John is a faculty member of the NACD and served as a Commissioner on the 2017 Blue Ribbon Commission on “Building the Strategic-Asset Board.”
Read More...
February 15, 2018
On February 13, 2018, Liberty Federal Savings Bank (“Liberty FSB”), Enid, Oklahoma, and Great Plains National Bank, (“Great Plains”), Elk City, Oklahoma, jointly announced that Liberty FSB will merge with and into Great Plains, with Great Plains as the resulting institution. The combined institution will have total assets of approximately $700 million.
Read More...
