Yesterday, April 2, the Small Business Administration issued an interim final rule providing additional guidance on implementing its Paycheck Protection Program. While questions still remain, here is the new information that...more
By now most banks have been alerted to the fact that a significant part of the Coronavirus Aid, Relief and Economic Security Act (“CARES ACT”), is comprised of the Paycheck Protection Program (PPP), which was signed in to law...more
Governor Evers’ Safer at Home order took effect in Wisconsin at 8:00AM on Wednesday, March 25, and will remain in effect until 8:00AM on April 24. Every person is ordered to remain at home, though exception is made for the...more
As you are probably aware, yesterday afternoon, March 25, 2020, Minnesota Governor Tim Walz announced Executive Order 20-20 (the “Order”), directing Minnesotans to stay at home. As set forth in the order, beginning at 11:59...more
The COVID-19 virus has impacted the world in unforeseen ways, and all businesses are balancing many questions as a result of these unique times. Below is a summary of some key considerations for banks in particular, including...more
The recent trend of credit unions buying banks has become one of the hot topics in the industry. While the number of actual transactions is quite small relative to the number of mergers and acquisitions that take place each...more
1/13/2020
/ Acquisitions ,
Banking Regulators ,
Banking Sector ,
Capital Requirements ,
CBLR ,
Community Banks ,
Credit Unions ,
Due Diligence ,
FDIC ,
Mergers ,
NCUA ,
Tax Liability
Has your banking organization conducted its annual review of its electronic banking agreements? If you haven’t, your organization may want to consider whether revisions are required to your bank’s deposit agreements, online...more
As the internet continues to expand, there are new opportunities to use recently approved new domain name extensions similar to .COM, .EDU, .ORG, and .NET. One of these domain names of particular interest to financial...more