Insights from Boardman Clark's Banking Group.
Why should we care about a MOE? Because, under the right circumstances, which admittedly do not occur very often, a MOE can be beneficial to both parties and permit a transaction to go forward where neither party sees itself as the seller.
Executives, managers and supervisors at banks are often asked to participate in interviews of potential candidates. More often than not, these individuals have received little or no training about what questions they must avoid in interviewing candidates.
As all banks are now aware, Equifax, one of the three major credit bureaus, was hacked between mid-May and July 29, 2017.
We have been reporting on developments on the Department of Labor (DOL) overtime exemption rules. As many bankers know, the final regulations that were issued in 2016 would have made a number of changes to the overtime exemptions, including increasing the salary threshold for key exemptions from $455 to $913 per week.
The Department of Labor’s Fiduciary Rule has certainly been in the news lately, and has been the source of great confusion.
If transfers of stock are not closely monitored, a transfer to an ineligible shareholder could inadvertently occur and cause the loss of S corporation status for the banking organization.