Breaking Archive

Question: Bank XYZ has a Phase II Exemption customer that is no longer eligible for the CTR Exemption since they haven’t had 5 or more transactions over the CTR threshold in 2020. What do they need to do? Answer: Bank XYZ would need to ...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

MONTGOMERY, Ala., March 25, 2021 — The Alabama Legislature took a planned one-week Spring Break this week.  The session is just over halfway complete, with 14 of the session’s 30 legislative days remaining.  Legislators will return to Montgomery on Tuesday for the 17th legislative ...Read More

by Steven Connor and Dustin Timblin, Waller A few months ago, the Ice Benchmark Administration and Financial Conduct Authority announced that most tenors of LIBOR would continue to be published through June 30, 2023, rather than the end of 2021 as previously anticipated. Although ...Read More

Q: For a cashier’s check, and holds, under Reg. CC, isn’t the bank required to make the first $5,525 available by the next business day? A: Actually, Reg. CC allows the bank to combine the large deposit hold with a case-by-case hold. This would ...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

MONTGOMERY, Ala., March 5, 2021, Montgomery, Ala. — The fifth week of the 2021 Regular Session saw the introduction and advancement of several pieces of legislation important to the association. On Tuesday, legislation was introduced in the House and Senate that would govern how ...Read More