Board Briefs Archive

by Frank J. Catalano, McGlinchey The recent success of lawsuits alleging that financial institutions impermissibly accessed a consumer’s credit report have encouraged filings of additional suits, some of which have resulted in six-figure payments. Consequently, implementing a best-practice policy related to pulling credit reports ...Read More

by Michael S. Murphey, Porter White & Company M&A is Back Say what you will about 2020, Alabama’s banking system changed on a dime to meet the needs of our clients and local economies. Think about it. Branches closed, digital services grew, employee and ...Read More

by Chase Stoecker Title III of the Americans with Disabilities Act (ADA) prohibits discrimination on the basis of disability by places of public accommodation.  It directs businesses to make “reasonable modifications” to standard business practices when serving people with disabilities.  Under Title III of ...Read More

by Michael S. Murphey Size Matters As mentioned in prior Board Briefs and as evidenced by the following graph reflecting Market Capitalization to Tangible Book Value (“TBV”) of all publicly traded community banks, size and scale is a proven way to enhance bank valuation. ...Read More

By Chris Couch, McGlinchey FDIC on Jan. 22 finalized revisions to its Brokered Deposit Rule (the Rule), identifying a clear path for financial technology (FinTech) companies to partner with banks in generating deposits. While the Rule acknowledges (and ostensibly leaves in place) the statutory ...Read More

by Michael Murphey Overview In December 2020, the FDIC produced a staff study entitled Economies of Scale in Community Banks which concluded community banks generate 90% of potential efficiency gains when a bank’s loan portfolio reaches $300 million and continue to accrue cost savings ...Read More

by Mag Bickford and Chase Stoecker In the time of Coronavirus, with many municipalities implementing restrictions on business and individual activity, banks may currently allow employees to work remotely to the greatest extent possible. However, given the nature of the business, many bank managers ...Read More