Breaking | Alabama Bank News

New Options for Community Banks Interested in Going Public

Board Briefs, Breaking, Industry Reports, Publications

by Marc Adesso With so many community banks being acquired as part of a general consolidation in the industry, many institutions must sell their own equity securities in order to scale operations. A key decision banks must make when considering a sale of securities ...Read More

On the Horizon: How SaaS Software Impacts Bank Accounting Practices

Board Briefs, Breaking, Industry Reports, Publications

by Nick Smialek In today’s inter-connected world, cloud-based software is fast becoming the new mode of business for most organizations, and banks are no exception. Often referred to as “Software as a Service” (SaaS), this software has had a significant impact on both our ...Read More

Branch Employee Sales Compensation Practices: The Sequel

Board Briefs, Breaking, Industry Reports, Legal, Politics, Publications

by Elena A. Lovoy The summer movie line-up always includes sequels or reboots of prior box office hits and this summer has been no exception. “Mamma Mia! Here We Go Again” was released on July 20. The Bureau of Consumer Financial Protection (BCFP) also ...Read More

New Banks as Bellwethers

Breaking, Industry Reports, Politics, Publications

by Naomi Camper When I joined ABA as chief policy officer in June, a task force of bankers with experience launching and running new banks were mid-way through their analysis of why “de novo” activity had stalled in recent years. Their mission—as established by ...Read More

ARE WE THERE YET?

Board Briefs, Breaking, Publications

by Nancy A. Bush We have decided that being a bank analyst in 2018 is roughly the equivalent of being Bill Murray in some financial services industry version of Groundhog Day. Every quarter, we wake up at the beginning of earnings season, dutifully record ...Read More

The Carrot Instead of the Stick: DOJ Offers New Opportunities for Leniency

Board Briefs, Breaking, Industry Reports, Publications

by William “Bill” C. Athanas and Andrew “Drew” A. Warth Lost among the flurry of recent media stories was a relatively quiet but vitally important pronouncement by the Department of Justice: a policy enabling companies to avoid criminal prosecution when violations were uncovered and ...Read More

Supreme Court Update for Banking and Financial Services Professionals

Breaking, Industry Reports, Legal, Publications

by Charles W. Prueter and Brant Biddle As so often happens, with an end comes new beginnings. The Supreme Court’s 2017–18 term now has come to a close, with no shortage of big cases to consume the attention of Court watchers and the media. ...Read More

Congress Passes Long-Anticipated Elder Exploitation Law with Important Implications for Financial Institutions

Board Briefs, Breaking, Publications

by Gaines Brake and Jim Goyer, Maynard Cooper & Gale Authors’ note: This article provides an update to an article published in Vol. 2, No. 4 of Board Briefs, in which the authors discussed pending federal legislation for reporting by financial institutions of suspected ...Read More

Employee Stock Ownership Plans: A Strategic Alternative for Banks

Board Briefs, Breaking, Publications

by David Joffe, Bradley There are approximately 800 banks in the United States that sponsor an employee stock ownership plan (ESOP). Although some banks have ESOPs that own a significant portion of their common stock, most bank ESOPs are small, minority holders. Used in ...Read More

S. 2155: Now for the Just-as-Hard Part

Breaking, Industry Reports, Politics, Publications

By Rob Nichols, American Bankers Association President & CEO Prior to May 24, 2018, bankers may have had a hard time remembering what a big win in Congress looked like. It’s true that in the past year we saw important progress with the enactment ...Read More

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