- FKHF Client Alert: Banks Blindsided by Regulators' Unfair Approach to Fair Lending Examination and Enforcement (October 20, 2011)
An increasing number of community banks have become subject to harsh examination criticism, enforcement actions and even civil actions relating to apparent fair lending violations alleging discrimination in the pricing of unsecured, consumer loans. Many banks have been blindsided by these charges, largely because they were not properly informed about why certain examination information was being collected or how that information would be used.
- Veteran Banking Attorney Joe Ford Joins Boutique Law Firm
Austin, Texas, January 1, 2011 –Fenimore, Kay & Harrison, LLP, is pleased to announce that veteran bank attorney Joseph M. Ford has joined the independent bank boutique law firm and that the firm’s name has changed to Fenimore, Kay, Harrison & Ford, LLP.
- FKH Client Alert: Treasury Releases Application Guidance and Term Sheets for Participation in Small Business Lending Fund (December 22, 2010)
Three months ago, President Obama signed into law the Small Business Jobs Act of 2010 that creates, among other things, a $30 billion Small Business Lending Fund (“SBLF”) pursuant to which the United States Department of the Treasury (“Treasury”) will provide Tier 1 capital investments to community banks and other eligible institutions in an effort to promote lending to small businesses. Earlier this week, Treasury released more comprehensive guidance for institutions that are interested in participating in the SBLF, including the applicable term sheets and information regarding the application process.
- FKH Client Alert: Small Business Jobs and Credit Act of 2010 - Q&A About Participation in the Small Business Lending ProgramEarlier this week, President Obama signed into law the Small Business Jobs and Credit Act of 2010 (the "Act"). The Act creates a $30 billion fund (the "Fund") that will provide government money to eligible financial institutions in connection with a program (the "Program") designed to promote lending to small businesses that are seeking to expand and hire workers.
- Fenimore Kay & Harrison Attorneys Advise Exchange Bancshares of Moore in Connection with Proposed Acquisition by BankFirst Corporation
Chet Fenimore and Stephanie Kalahurka, attorneys at Fenimore, Kay & Harrison, LLP, are representing Exchange Bancshares of Moore, Inc., in connection with its proposed acquisition by BancFirst Corporation (Nasdaq: BANF).
- FKH Client Alert: Making "Clawbacks" More Palatable in Bank Incentive Compensation Arrangements (August 17, 2010)The term "clawback" has been repeatedly bubbling to the surface in recent regulatory pronouncements on bank executive compensation. The newly enacted Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank Act") provides for national securities exchanges to adopt listing standards requiring listed companies to develop and implement clawback policies in the event of a financial restatement.
- FKH Client Alert: Final Guidance on Sound Incentive Compensation Policies - What Community Banks Need to Know (August 17, 2010)The joint banking regulators recently issued Final Guidance on Sound Incentive Compensation Policies that is applicable to all federally insured financial institutions (the “Guidance”). This issuance has been largely overshadowed by the looming regulatory thunderstorm that will inevitably result from the recently enacted Dodd-Frank Wall Street Reform and Consumer Protection Act.
- FKH Client Alert: Dodd-Frank Act Amends the Definition of Accredited Investor for Private Offerings (July 30, 2010)
On July 21, President Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”). Section 413(a) of the Dodd-Frank Act revised the definition of "accredited investor" under the Securities Act of 1933 and Regulation D promulgated thereunder.
- FKH Client Alert: Dodd-Frank Act Opens the Door to Interstate Branching (July 29, 2010)
After years of anticipation by many community bankers, unrestricted interstate branching has finally become a reality thanks to the recent enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
- First Financial Bank & Trust Co. Announces the Acquisition of Texas Country Bank
PLAQUEMINE, LOUSIANNA – First Financial Bank & Trust Co. (“First Financial”) today announced the signing of a definitive purchase and assumption agreement to acquire substantially all of the assets and liabilities of Texas Country Bank (“Texas Country”), a wholly-owned community bank of Country Holding Corp.
- Former Hunton & Williams partners launch boutique banking law firmThree banking partners from the Austin office of Hunton & Williams, LLP – Chet A. Fenimore, Geoffrey S. Kay and Lowell W. Harrison – have announced today the formation of a new law firm targeting independent financial institutions.
