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SEC Increases Smaller Reporting Company Threshold

July 9, 2018

Authors

Kaitlyn Pettet

SEC Increases Smaller Reporting Company Threshold

July 9, 2018

by: Kaitlyn Pettet

The Securities and Exchange Commission amended its definition of “smaller reporting company” (an “SRC”) increasing the public float threshold (cap on portion of shares held by public investors) to $250 million, up from the prior $75 million threshold.  Companies with a public float of up to $700 million may also qualify for SRC status under the new rule if their annual revenues are less than $100 million.

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Congress Makes Capital Requirements Easier for Small Banks

April 6, 2015

Authors

Jonathan Hightower

Congress Makes Capital Requirements Easier for Small Banks

April 6, 2015

by: Jonathan Hightower

Author’s Note: On April 9, 2015, the Federal Reserve adopted a final rule to implement the changes discussed below.  The final rule will be effective 30 days after publication in the Federal Register.

For many years, bankers have asked the question, “What size is the right size at which to sell a small community bank?”  Some offer concrete asset size thresholds, while others offer more qualitative standards. We have always believed the best answer is “whatever size allows an acquirer’s profits and capital costs to deliver a better return than yours can.” While that answer is typically greeted

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