On September 28th, Jonathan and I recorded a brief podcast on the impact of regulatory reform on community banks in 2018. Before turning to substance, I first congratulated Jonathan on his ability to combine two of our shared passions: college football and mergers & acquisitions. Jonathan’s post on a Football Fan’s Guide to M&A Transactions is an excellent application of college football coaching strategies that can be applied in any strategic planning discussions by boards of directors of any organization. His further exploration of some of the principles that other SEC teams bring to bear on M&A thinking on Twitter is also something I encourage everyone to read.
On substantive issues, we primarily focused on reforms enacted under The Economic Growth, Regulatory Relief, and Consumer Protection Act, or EGRRCPA, but also touched on the modernization of the Georgia banking code. Specific topics discussed include:
- the expansion of the Small Bank Holding Company Policy Statement;
- the relaxation of the reciprocal brokered deposit rules;
- Volcker Rule relief;
- the upcoming regulatory off-ramp (or at least rest stop, if not fully an off-ramp); and
- the increased threshold for the 18-month examination cycle and short-form call reports.