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S Corp Workshop

May 2, 2018

Authors

Bryan Cave

S Corp Workshop

May 2, 2018

by: Bryan Cave

On Monday, May 14, 2018, we will be hosting, with our friends at Porter Keadle Moore, LLC and FIG Partners, an S Corp Workshop exploring issues affecting S Corp banks following adoption of the Jobs and Tax Cuts Act.

Operating as an S Corp has historically been an appealing choice for many financial institutions that have the flexibility to be taxed in a variety of ways. In light of the recent tax reform, however, an S Corp structure may not be as beneficial

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Employee Stock Ownership Plans: Another Tool for Family-Owned Banks

October 7, 2015

Authors

Steven Schaffer and Michael Shumaker

Employee Stock Ownership Plans: Another Tool for Family-Owned Banks

October 7, 2015

by: Steven Schaffer and Michael Shumaker

Today’s economy presents numerous challenges to community bank profitability—compressed net interest margins, increased regulation, and management teams fatigued by the crisis. In response to these obstacles, many boards of directors are exploring new ways to reduce expenses, retain qualified management teams, and offer opportunities for liquidity to current shareholders short of a sale or merger of the institution.

For many family-owned banks, their deep roots in the community and a desire to see their banks thrive under continued family ownership into future generations can cause these challenges to be felt even more acutely. In particular, recruiting and retaining the “next

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New Basel III Capital Rules Contain Pitfalls for S Corporation Banking Organizations

July 17, 2012

Authors

Jonathan Hightower

New Basel III Capital Rules Contain Pitfalls for S Corporation Banking Organizations

July 17, 2012

by: Jonathan Hightower

As the industry gains a greater understanding of the proposed Basel III capital rules, some management teams are identifying potential problems for their organizations in the rules. One such problem is the broad-based dividend restrictions and the consideration of how those restrictions may impact S Corporations.

Many states recognize in their banking laws and regulations that a different set of standards should apply in determining dividend restrictions for S Corporation banking institutions and their holding companies. Because the taxable income of these entities is passed through to the shareholders of the organization, it is expected that these entities

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