Recent media mentions of attorneys in Bryan Cave’s financial institutions practice include:
Atkinson in Virginian-Pilot
Charlotte Partner B.T. Atkinson was quoted June 7 by The Virginian-Pilot in Norfolk, Va., concerning private-equity firms that are investing in troubled banks. Hampton Road Bancshares, parent company of Hampton Road Bank and Shore Bank, recently announced that private equity firms will invest in the company. Click here to read the article.
Hester in American Banker
Atlanta Associate Barry Hester was quoted June 10 by American Banker on a controversial provision of the financial reform bill that would tighten capital restrictions on many banks, including those still participating in the government’s TARP bailout program. “It will immediately result in undercapitalization for a number of banks,” Hester said. “It would be like flipping the switch, where banks that are currently OK would suddenly need to raise more capital. It could be a disaster if it isn’t phased in to let people plan ahead.”
Klingler on thestreet.com, bailoutsleuth.com
Atlanta Associate Robert Klingler was quoted June 4 by thestreet.com regarding bank capital standards. Click here to read the article. He also was quoted that same day by bailoutsleuth.com on the Small Business Lending Fund, which is designed to inject $30 billion into small banks – defined as those with less than $10 billion in assets – with the idea that they will in turn lend money to small businesses.
Moeling in Atlanta Journal-Constitution, Business Chronicle
Atlanta Partner Walt Moeling was quoted June 25 by The Atlanta Journal-Constitution on First National Bank of Savannah, which failed recently. That makes it the ninth Georgia-based bank to fail this year and the 39th in the state to be seized since 2008. Click here to read the article. Moeling was quoted June 18 by the Atlanta Business Chronicle on how the Gulf oil spill is affecting Georgia businesses. Click here to read the article. He also was quoted May 28 by the Business Chronicle regarding Fidelity Bank, which is set to raise up to $57.5 million in new capital to acquire failing and struggling rivals.
Rinearson on CreditCards.com
New York Partner Judith Rinearson was quoted June 28 in an article on CreditCards.com concerning changes that may be in store for prepaid card users. Newly proposed rules from the Treasury Department’s Financial Crimes Enforcement Network look to better identify prepaid card users by placing requirements on nonbank providers and sellers of these products. The rules were mandated by the Credit CARD Act of 2009. Click here to read the article.