Media Mentions – February 10, 2012

February 10, 2012

Authored 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:

Walt Moeling in the American Banker

Walt Moeling was quoted January 27 by American Banker concerning the possibility of bank failures in Tennessee.  Regulators had not seized a single bank in the state since 2002.   During the recent financial crisis, Tennessee benefited from a relatively stable economy and a state banking commissioner with a reputation for doing his best to keep banks from failing. Walt indicated in the article that Tennessee’s avoidance of failure was likely to end soon, and it did later that day with BankEast and Tennessee Commerce Bank being placed into receivership.   Data shows Tennessee is sixth on a list of states with the most banks at risk of failing.  “The pangs are now spreading to other states,” Moeling said.  “Tennessee has been immune so far, but nobody is immune to a four-year recession.”