October 4, 2022
Lawrence M.F. Spaccasi conducted a presentation on the subject of the covered savings association election (“CSA Election”) at the 2022 ABA Annual Convention in Austin, Texas on October 4, 2022. He spoke about the issues and procedures involved with the CSA Election, which allows federal savings associations that are OCC regulated to be regulated as if they are a national bank without having to change or amend their existing charters. The presentation also addressed the effects the CSA Election will have on the association’s holding company.
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September 25, 2022
On September 24, 2022, Tom Hutton presented, together with professionals from S.R. Snodgrass, at the annual CEO Breakfast Session at the PACB Annual Convention. Luse Gorman has been a long-time presenter at the CEO Breakfast. Mr. Hutton led a discussion on current trends in community banking, including topics related to mergers and acquisitions, corporate structure alternatives, regulatory matters and crypto currency.
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September 21, 2022
Scott A. Brown and Lawrence M. F. Spaccasi presented “The Role of Compensation in M&A Transactions” at the Massachusetts Bankers Association 2022 Annual Compensation Conference in Framingham, Massachusetts. Noting how compensation and employee benefit-related matters can impact pricing, deal timing and employee retention, this session focused on how compensation matters affect transactions and what should be done in advance to avoid common pitfalls and planning errors. The session also included discussion of how the structure of compensation arrangements can impact the attractiveness of a seller and the flexibility and creativeness that a buyer can employ to minimize adverse personal and corporate tax consequences and possible delays. This session also provided practical guidance and pre-planning measures that should be taken in advance of any transaction.
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July 20, 2022
Scott A. Brown and Lawrence M. F. Spaccasi presented “Hot Topics Affecting Community Banks” for a webinar hosted by FinPro, Inc. The webinar addressed the current regulatory environment and certain regulatory, consumer compliance, transactional, ESG and governance and disclosure matters affecting community banks.
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June 14, 2022
Zac Davis presented at the Connecticut Bankers Association’s 2022 Legislative Update on June 14, 2022. The presentation titled “Adjustable Interest Rate (LIBOR) Act and its Preemption of State LIBOR Transition Legislation” focused on the provisions of the federal Adjustable Interest Rate (LIBOR) Act passed into law on March 15, 2022, including the various options for transitioning away from LIBOR under the Act and steps that financial institutions can take to position themselves for the transition in advance of the cessation of USD LIBOR on June 30, 2023.
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