Board Briefs | Alabama Bank News

De Novo Banks on the Rise

Board Briefs, Breaking, Publications

by Alan Deer, Bradley From 2000 to 2007—the seven years leading up to the recent financial crisis—the FDIC received more than 1,600 applications for deposit insurance, an average of more than 200 per year. More than 1,000 new banks ultimately were formed over this ...Read More

Understanding Bank Liability for Unauthorized Zelle Payments

Board Briefs, Breaking, Publications

by Brian Malcom, Waller Zelle, ever heard of it? If you are in the banking industry, the answer is almost certainly yes. Zelle is a service that allows bank customers to instantly send funds to others. In 2017, Zelle handled roughly $75 billion in ...Read More

Door Hangers and Red Flags

Board Briefs, Breaking, Legal, Publications

by Elena A. Lovoy, McGlinchey Stafford As the leaves begin to change colors and football games fill our calendars, it remains business as usual (or unusual) in residential mortgage lending. Two interesting developments shed light on how far a court may be willing to ...Read More

Dealing with Appraisal Actions in Bank M&A

Board Briefs, Breaking, Industry Reports, Publications

by James H. White, III Author’s note: The following is a memorandum from an investment bank to a hypothetical bank client faced with the possibility of a dissent and appraisal action in connection with a sale of the bank. Confidential Memorandum To: Community Banker ...Read More

Equity Incentive Plans – is Your House in Order?

Board Briefs, Breaking, Legal, Publications

by Andrew S. Nix, Maynard Cooper & Gale Equity incentives can be a very effective component of a bank’s compensation program. When used properly, equity incentives can help advance a bank’s business strategy, link pay and performance and provide a competitive advantage in recruitment ...Read More

D&O Insurance for Financial Institutions

Board Briefs, Breaking, Industry Reports, Publications

by Heather Howell Wright and Stewart Cox Directors and officers (D&O) insurance policies provide protection to the directors and officers of a company for claims asserted against those directors and officers arising from the management of the company. D&O policies may also protect the ...Read More

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

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

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