Banking & Finance

  • News Alert: Change in Bank Control Act Present Compliance Challenges
    2017-05-23

    News Alert: Change in Bank Control Act Present Compliance Challenges

    The Change in Bank Control Act ("CIBC Act") may be the most often overlooked (and, likely, one of the most often violated) of all banking regulations. Inadvertent violations have recently become more common in Arkansas given the increase in estate planning related stock transfers by shareholders planning for the next generation of ownership. These transfers commonly run afoul of the provisions of the CIBC Act.

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  • ESOP Can Be a "Win-Win-Win" for Closely Held Banks
    2017-05-09

    ESOP Can Be a "Win-Win-Win" for Closely Held Banks

    An employee stock ownership plan (“ESOP”) is a powerful and effective tool that can be used by a closely held bank to address many different issues within the bank. An ESOP when used in the right circumstances can provide the following advantages: Shareholder succession, employee benefits and tax benefits to the bank.

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  • Mid-South Super Lawyers Name 34 Attorneys to Annual List
    2016-11-10

    Mid-South Super Lawyers Name 34 Attorneys to Annual List

    Mid-South Super Lawyers named 34 Friday, Eldredge & Clark’s attorneys to their annual listing of top lawyers. In addition, Laura Hensley Smith was named one of the “Top 5o: 2016 Women in the Mid-South” and Donald H. Bacon, Kevin A. Crass, William M. Griffin III, James M. Simpson, Jr., Frederick S. Ursery and William A. Waddell, were named “Top 50: 2016 Arkansas.”

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  • Firm Tops List of U.S. News and Best Lawyers "Best Law Firms" in State
    2016-11-02

    Firm Tops List of U.S. News and Best Lawyers "Best Law Firms" in State

    Friday, Eldredge & Clark, LLP has been ranked in the 2017 U.S. News - Best Lawyers® "Best Law Firms" list regionally in 41 practice areas, which is the most of any other law firm in the state. Ranked firms, presented in tiers, are listed on a national and/or metropolitan scale. Receiving a tier designation reflects the high level of respect a firm has earned among other leading lawyers and clients in the same communities and the same practice areas for their abilities, their professionalism and their integrity.

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