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Media Mentions – December 3, 2010

With attorneys and staff worldwide, Bryan Cave often makes the news.  Recent media mentions  include Rob Klingler of the Financial Institutions group on NPR.

Atlanta Associate Robert Klingler was interviewed Nov. 23 on National Public Radio’s “All Things Considered” concerning the FDIC’s recently released list of problem banks. The number has gone up again – 860 institutions are on its official watch list. That’s the most since 1993. “We’ve had banks that survived the Great Depression but couldn’t make it through the Great Recession, and each one is a traumatic event,” Klingler said. Click here to read a full transcript of the interview.

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Media Mentions – November 22, 2010

Media Mentions – November 22, 2010

November 22, 2010

Authored by: Jeannie Osborne

With attorneys and staff worldwide, Bryan Cave often makes the news.  Recent media mentions of attorneys in the Financial Institutions group include:

Blanchard in Atlanta Business Chronicle

Atlanta Partner Jerry Blanchard was quoted Nov. 4 in the Atlanta Business Chronicle in connection with a resurgence of energy from Georgia banks. The state has suffered numerous bank failures, and even those that did not go under have in large part been hibernating during the recession. But now they are starting to look for capital again, he said. “To the extent that everybody has been looking for light at the end of the tunnel, this is a little light,” Blanchard said.

Klingler in Banker & Tradesman.

Atlanta Associate Robert Klingler was quoted extensively Oct. 18 in Banker & Tradesman on the good and bad that small banks have seen since accepting TARP funds. Banker & Tradesman is a banking trade publication out of Massachusetts.

Moeling in American Banker

Atlanta Partner Walt Moeling was quoted Nov. 4 by American Banker concerning an announcement by our client Brand Group Holdings Inc. that it will raise up to $200 million through affiliates of Carlyle Group, Stephens Group LLC and Nonami LLC, owned by the Cousins family in Atlanta. Analysts say the deal is the first time in years that private equity has made a big traditional investment in Georgia, rather than using shelf charters or failed banks. “We haven’t had a significant infusion of capital in any Atlanta-based community bank in three years, essentially,” Moeling said. “The banks that are still standing may be battered and bruised but, by God, they’re still standing and the biggest hits have been taken.” Click here to read the article, republished by Bank Investment Consultant. He also was quoted Oct. 27 by American Banker on Ameris Bank, one of the few homegrown banks in Georgia to have bid successfully on multiple failed banks. Ameris just made its fourth failed-bank purchase in the past year – notable given that Ameris has had eight consecutive quarters of net losses largely owing to credit deterioration in real estate-related loans. Analysts say the bank has become a serial acquirer by proving it can handle these takeovers in its recession-battered market.

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Bryan Cave and BKD Present One Hour Webinar on Dodd-Frank

The Dodd-Frank Reform Act & What It Means to You

Wednesday, September 8, 2010 11:00 AM – 12:00 PM EDT

The Dodd-Frank Wall Street Reform and Consumer Protection Act represents a historic restructuring in the regulation of financial institutions.  This comprehensive reform bill will have substantial effects on all facets of the financial services industry.  The new law requires the development of numerous rules and regulations that will continue to evolve over time.

Join experts from Bryan Cave LLP and BKD, LLP to hear what this reform could mean for you now and in the future.  You will receive insight on specific provisions such as consumer compliance regulations, regulatory agency shifts, the Collins Amendment and other capital requirements.  Other changes covered include those to Federal Deposit Insurance Corporation insurance, affiliate transaction and legal lending limits, private securities offerings and executive compensation.

If you are interested in attending, please register online for this free webinar.

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Media Mentions – August 20, 2010

With attorneys and staff worldwide, Bryan Cave attorneys often make the news. Sometimes media mentions highlight the firm’s involvement with notable clients, sometimes the individual accomplishments of attorneys and staff. Recent media mentions of attorneys in the financial institutions practice include:

Klingler in American Banker

Atlanta Associate Robert Klingler was quoted Aug. 4 by American Banker regarding the charges against Rep. Maxine Waters, and whether those charges might be of use to banks denied TARP funds. An ethics panel report alleges Waters may have broken rules when she helped a trade group arrange a meeting between then-Treasury Secretary Henry Paulson and executives of OneUnited Bank, an institution with financial ties to her husband and huge losses from the takeovers of Fannie Mae and Freddie Mac. Klingler said the government had a uniform standard for deciding TARP investments – essentially awarding funds to institutions that could prove their viability – and no one ever expected the system to be perfect. “We understand that the process will sometimes result in wrong outcomes,” he said, adding that those who believe they were treated unfairly could use the Waters investigation for “rhetoric” at best. “I don’t know that it is rhetoric that necessarily the public is happy with. Generally, the public is opposed to TARP. So hearing a bank whine about not getting TARP isn’t going to get the American public riled up.”

Moeling in National, Regional Publications 

Atlanta Partner Walt Moeling was quoted in the August edition of US Banker on the moves being made by community banks to boost their capital ratios. “In this kind of market, the most successful banks that deal with their problems don’t just take one approach, they pull out the playbook,” Moeling said. “My most successful clients have cut expenses, sold branches, consolidated charters, disposed of nonbank activities.” Click here to read the full article. Moeling was quoted Aug. 10 by American Banker (reprinted by Bank Investment Consultant online) concerning a push of stock offerings expected this fall from community banks, particularly via private placements rather than public offerings. Click here to read the article. In addition, he was quoted Aug. 2 in The Atlanta Journal-Constitution regarding JPMorgan Chase & Co., which plans to open 10 new bank branches across the northern metro Atlanta area by the end of the year. Eight currently are under construction. Click here to read the article.

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Media Mentions – July 2, 2010

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.

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Media Mentions February 26, 2010

Media Mentions February 26, 2010

February 26, 2010

Authored by: Jeannie Osborne

With attorneys and staff worldwide, attorneys in Bryan Cave’s financial institutions practice often make the news.  Sometimes media mentions highlight the firm’s involvement with notable clients, sometimes the individual accomplishments of attorneys and staff.  Recent media mentions include:

Klingler in Buffalo News

Atlanta Associate Robert Klingler was quoted Feb. 21 in the Buffalo News on President Barack Obama’s pledge to direct $30 billion in repaid TARP funds to community banks, which could allow those banks to lend more to small businesses.

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Media Mentions February 12, 2010

Media Mentions February 12, 2010

February 12, 2010

Authored by: Jeannie Osborne

With attorneys and staff worldwide, attorneys in Bryan Cave’s financial institutions practice often make the news.  Sometimes media mentions highlight the firm’s involvement with notable clients, sometimes the individual accomplishments of attorneys and staff.  Recent media mentions include:

Atkinson in Winston-Salem Journal

Charlotte Partner B.T. Atkinson was quoted Feb. 3 in the Winston-Salem Journal on the Obama administration’s proposal to offer $30 billion in financing to community banks to help support the Small Business Lending Fund, which is aimed at creating jobs.

Klingler in Financial Times, Others

Atlanta Associate Robert Klingler was quoted Feb. 2 in the Financial Times on President Barack Obama’s pledge to direct $30 billion in repaid TARP funds to community banks, so they can beef up lending to small businesses. He also was quoted Feb. 3 in BNA’s Banking Daily on Obama’s pledge and Feb. 5 in the Memphis Business Journal describing why less than 10 percent of TARP recipients have paid back their TARP funds.

Moeling in Atlanta Business Chronicle

Atlanta Partner Walt Moeling was quoted Jan. 29 in the Atlanta Business Chronicle concerning First National Bank of Georgia, which was seized and sold to Community & Southern Bank, an investment group led by former bank regulator and noted turnaround specialist Patrick Frawley.

Strahlberg in ABA Bulletin

Chicago Associate Margo Hirsch Strahlberg was featured in an ABA continuing legal education bulletin for her part in the Jan. 28 ABA-sponsored teleconference on gift cards and rebates. Strahlberg’s presentation focused on consumer protection issues related to prepaid cards under both state and federal law. About 80 attendees registered for the event.

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2010 Banking and Finance Law CLE

On Friday, February 19, 2010, Jerry Blanchard will be presiding at the annual Banking and Finance Law CLE co-sponsored by the Institute for Continuing Legal Education in Georgia and the Business Law Section of the State Bar of Georgia.  Early registration is $160, while on-site registration will be $180. The program is targeted towards attorneys licensed in Georgia, but other attorneys and bankers are welcome as well.

Jerry will also be speaking about recent lender liability decisions and Rob Klingler will be presenting a regulatory and legislative update.  Presentations are also scheduled on the state of banking in Georgia, failing bank liquidations, an analysis of the deal conducted by State Bank & Trust Company, and preparing for director and officer litigation.  A panel of regulators from the state and FDIC will also address current issues.

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Media Mentions January 29, 2010

Media Mentions January 29, 2010

February 5, 2010

Authored by: Robert Klingler

With attorneys and staff worldwide, attorneys in Bryan Cave’s financial institutions practice often make the news. Sometimes media mentions highlight the firm’s involvement with notable clients, sometimes the individual accomplishments of attorneys and staff. Recent media mentions include:

Blanchard in Atlanta Business Chronicle, Florida Business Journals

Atlanta Partner Gerald Blanchard was quoted Jan. 13 in the Atlanta Business Chronicle regarding Troubled Asset Relief Program (TARP) funds and how most TARP recipients have, in fact, repaid their debts with interest. He also was quoted Jan. 6 in the Palm Beach Daily Business Review (republished in the Miami Daily Business Review) on how new banking regulations out of DC could affect small community banks’ ability to lend money.

Klingler in U.S. Banker

Atlanta Associate Robert Klingler was quoted in the February edition of U.S. Banker on how to jump start the economy. The article focused on small business loans and particularly President Obama’s call to use TARP funds to make more capital available to community banks that agree to increase their small-business lending.

Moeling in Atlanta Journal-Constitution, ABA Banking Journal

Atlanta Partner Walt Moeling was quoted Jan. 21 in The Atlanta Journal-Constitution regarding how most bank depositors have emerged relatively unscathed from failed banks due in large part to the fact that the FDIC insures deposits up to $250,000 per account. He also was quoted in the December edition of the ABA Banking Journal concerning the commercial real estate (CRE) appraisal process. Many community bankers are waiting to see whether regulators might make the process of CRE exams and appraisals easier in the future.

Wheeler in Birmingham Business Chronicle

Atlanta Partner Jim Wheeler was quoted Jan. 15 in the Birmingham Business Chronicle on how many banks have successfully shed their books of unprofitable loans to interested buyers. Most also have sold their more valuable bad assets, he said.

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Media Mentions January 15, 2010

Media Mentions January 15, 2010

January 15, 2010

Authored by: Robert Klingler

With attorneys and staff worldwide, attorneys in Bryan Cave’s financial institutions practice often make the news. Sometimes media mentions highlight the firm’s involvement with notable clients, sometimes the individual accomplishments of attorneys and staff. Recent media mentions include:

Andreassen, Rinearson in Business Lawyer

New York Partner Judith Rinearson and DC Associate Kristine Andreassen co-authored an article in the November issue of the ABA’s The Business Lawyer on the impact of state money transmitter licensing laws on prepaid payment products.

Garrett in MarketWatch

Kansas City Counsel Karen Garrett was quoted Dec. 23 by MarketWatch on a bill before Congress that would require big banks to pay into a $150 billion fund to be used to dismantle a failing bank thought so big or so interconnected that if it collapsed suddenly it would threaten the economy’s stability. The piece was picked up Dec. 27 by McClatchy News Service.

Klingler on National Public Radio

Atlanta Associate Robert Klingler was interviewed Dec. 29 on National Public Radio regarding bank failures, with a particular focus on Georgia banks.

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