BankBryanCave.com

Bank Bryan Cave

ARCHIVES

Main Content

November 2011 Client Alerts

December 19, 2011

Authors

Bryan Cave

November 2011 Client Alerts

December 19, 2011

by: Bryan Cave

FED Releases Second Set of FAQs on Durbin Rules

The Federal Reserve Board recently posted a second set of questions and answers to the “Frequently Asked Questions About Regulation II (Debit Card Interchange Fees and Routing)” on the Fed’s website.  This current release of FAQs has been merged with the previously published FAQs, with the newer questions annotated with the date added.  For a summary of the new issues addressed in the FAQs, please click here to read the Alert published by the Financial Institutions Client Service Group on November 28, 2011.

FinCen Issues FAQs and Holds Webinar on Prepaid Access

Read More

Media Mentions – December 19, 2011

December 19, 2011

Authors

Bryan Cave

Media Mentions – December 19, 2011

December 19, 2011

by: Bryan Cave

With offices all over the world, Bryan Cave attorneys are often quoted in the news.  Recent Media Mentions of Financial Institutions Group attorneys include:

Hightower on BankDirector.com

Atlanta Associate Jonathan Hightower authored an article Nov. 18 for BankDirector.com concerning the pitfalls for banks negotiating lease renewals with insiders. “During the mid-2000s, it was commonplace for a bank, particularly a de novo bank, to lease some or all of their bank facilities from an entity controlled by the bank’s directors,” he wrote. “Most bank directors understand their duty to act in the best interests of the bank, but they are also

Read More

Bryan Cave Recognized for Outstanding Client Service

December 15, 2011

Authors

Bryan Cave

Bryan Cave Recognized for Outstanding Client Service

December 15, 2011

by: Bryan Cave

Bryan Cave has been ranked number 2 out of approximately 650 law firms which serve Fortune 1000 companies, in BTI Consulting Group’s annual “Client Service A-Team.” BTI’s annual survey of law firm client service performance is designed to identify and recognize those firms which deliver best-in-class service. This marks the 4th consecutive year in which Bryan Cave has been included in the top 30 firms in the survey. “The results of this independent survey are a very important confirmation of our emphasis on client relationships and service,” said Don Lents, Chair of Bryan Cave LLP.  To

Read More

Bank Buildings: When Directors Are the Landlords

December 7, 2011

Authors

Jonathan Hightower

Bank Buildings: When Directors Are the Landlords

December 7, 2011

by: Jonathan Hightower

Are any of your bank branches and offices owned by directors? That could spell trouble but it can be handled well. Here’s how.

During the mid-2000’s, it was commonplace for a bank, particularly a de novo bank, to lease some or all of their bank facilities from an entity controlled by the bank’s directors. At the time, these arrangements truly represented a “win-win” situation. The bank was able to occupy built-to-suit facilities while conserving liquidity so that cash could be deployed through making loans with attractive yields. At the same time, the directors, many

Read More

Bryan Cave LLP Combines With Holme Roberts & Owen LLP

December 6, 2011

Authors

Bryan Cave

Bryan Cave LLP Combines With Holme Roberts & Owen LLP

December 6, 2011

by: Bryan Cave

The international law firm Bryan Cave LLP and 113-year-old, Denver-based Holme Roberts & Owen LLP (HRO) will combine their practices effective Jan. 1, 2012, following a recent vote by the partners of both firms. Globally, the firm will continue to be known as Bryan Cave LLP. The combination will add exceptional legal capabilities in energy, natural resources and sports law to Bryan Cave’s international resources while expanding the firm’s worldwide presence into the Rocky Mountain region and adding significant new depth and experience in California.

The combined law firm will have more than 1,100 attorneys in over 30 law and

Read More

FDIC Criticizes Civil Money Penalty Insurance

December 5, 2011

Authors

Ken Achenbach

FDIC Criticizes Civil Money Penalty Insurance

December 5, 2011

by: Ken Achenbach

In recent exam cycles, bankers have generally been no strangers to heightened scrutiny by FDIC examiners on a variety of topics.  In the past several months, the insurance policies carried by banks have been added to the list of potential hot-button items.

Specifically, FDIC examiners have begun to scrutinize bank insurance policies to determine whether the policies provide coverage for civil money penalties (“CMPs”) that may be assessed against bank officers or directors. If any bank insurance policies are found on examination to contain an endorsement extending coverage for CMPs to officers or directors, the FDIC

Read More

Best Practices for Bank Boards – Part 1

December 5, 2011

Authors

Jim McAlpin

Best Practices for Bank Boards – Part 1

December 5, 2011

by: Jim McAlpin

Today’s banking industry is constantly being buffeted by waves of financial, regulatory and operational challenges. The increased regulatory burden and related costs impact every financial institution in both the approach to doing business and the expense of doing business. The industry is in transition, with no clear path forward. As a result, there has never been a greater need for well functioning, informed and courageous boards of directors of banks and bank holding companies. There has also never been a more important time for board members to keep in mind that their responsibilities can be boiled down into

Read More

Media Mentions – December 2, 2011

December 2, 2011

Authors

Bryan Cave

Media Mentions – December 2, 2011

December 2, 2011

by: Bryan Cave

With offices all over the world, Bryan Cave attorneys are often quoted in the news.  Recent Media Mentions of Financial Institutions Group attorneys include:

McAlpin on BankDirector.com

Atlanta Partner Jim McAlpin authored the first in a series of articles concerning best practices of bank boards Oct. 25 for BankDirector.com. McAlpin said “there has never been a greater need for well-functioning, informed and courageous boards of directors of banks and bank holding companies. There has also never been a more important time for board members to keep in mind that their responsibilities can be boiled down into one simple goal: the creation

Read More

FDIC Sues Former Directors, Officers and Outside Counsel of Mutual Bank

November 11, 2011

Authors

Bard Brockman

FDIC Sues Former Directors, Officers and Outside Counsel of Mutual Bank

November 11, 2011

by: Bard Brockman

The FDIC sued the former directors and two former officers of Mutual Bank (Homewood, Illinois), along with Mutual Bank’s outside law firm, on October 25, 2011.  Mutual Bank was placed into FDIC receivership in July 2009, and its failure currently is estimated to cost the Deposit Insurance Fund $775 million.  A copy of the FDIC’s complaint is available here.

One of the unique aspects of this lawsuit is the FDIC’s allegations of corporate waste.  For example, the FDIC alleges that the directors approved a $250,000 payment for sponsorship of a “bank function.”  The bank function was actually the

Read More

October 2011 Client Alerts

November 7, 2011

Authors

Bryan Cave

October 2011 Client Alerts

November 7, 2011

by: Bryan Cave

NLRB Postpones Effective Date of “Employee Rights” Posting Requirement

The National Labor Relations Board announced on October 5, 2011, the decision to postpone until January 31, 2012 the effective date of its recently published rule requiring employers to post notices informing employees of their rights under the National Labor Relations Act.  The NLRB finalized its new notice-posting requirement in August and at that time announced that the rule would take effect on November 14, 2011.  However, federal lawsuits were filed challenging the rule and prompting many questions and uncertainty from employers across the nation.  To learn more about the rule, please

Read More
The attorneys of Bryan Cave LLP make this site available to you only for the educational purposes of imparting general information and a general understanding of the law. This site does not offer specific legal advice. Your use of this site does not create an attorney-client relationship between you and Bryan Cave LLP or any of its attorneys. Do not use this site as a substitute for specific legal advice from a licensed attorney. Much of the information on this site is based upon preliminary discussions in the absence of definitive advice or policy statements and therefore may change as soon as more definitive advice is available. Please review our full disclaimer.