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  • Community Bank Minute

    Privately-Held Banks Should Pay Close Attention to Stock Transfers Following Enhanced Focus of Federal Reserve

    July 11, 2024
    This issue has increasingly been highlighted by the Federal Reserve in connection with recent off-site reviews of bank holding companies. Where changes in ownership (particularly within a family control group) have not previously been part of a CIBC Act filing, the agency will identify the potential issue and require follow up with the company.
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  • TAYLOR A. STOCKEMER

    Taylor A. Stockemer

    Attorney Taylor A. Stockemer Named to Arkansas Business 40 Under 40

    April 11, 2024
    Arkansas Business has recognized Taylor Stockemer as one of Arkansas’ 40 under 40. In the latest issue released Tuesday, Arkansas Business named Taylor along with 40 other professionals across the state. These leaders will be formally recognized on June 11 at 11:30 A.M. at the Statehouse Convention Center.
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  • Corporate Transparency Act

    transparency

    Five Things Every Business Owner Should Know

    January 10, 2024
    The Corporate Transparency Act (CTA) was enacted in 2021, but implementation of the new law was delayed on several occasions. As of January 1, 2024, however, the CTA’s beneficial ownership reporting requirements are in effect. This alert reviews critical points every business owner should consider in determining the steps necessary to comply.
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  • COMMISSIONER'S RECEPTION

    Firm Host Reception Honoring State Bank Commissioner Susannah Marshall

    September 20, 2023
    A highlight of the evening was remarks from the guest of honor, State Bank Commissioner Susannah Marshall. Marshall expressed her gratitude and reflected on her tenure since 1994. "I am deeply honored by this gathering and the opportunity to serve the people of Arkansas in my role as State Bank Commissioner. It is through collaboration with dedicated professionals, like those gathered here today, that we continue to strengthen the foundation of our state's financial institutions. I am grateful for the trust and support of the banking community."
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  • COMMUNITY BANK MINUTE

    Second Circuit Issues Decision in Kirschner V. JPMorgan: Loans Are Not Securities

    September 12, 2023

    The facts of Kirschner are as follows: In 2014, investors purchased $1.775 billion in syndicated term loan debt obligations of Millennium Laboratories LLC from defendant lenders. The next year, Millennium filed for bankruptcy and as part of the bankruptcy plan, the investors’ claims were assigned to a trust. In 2017, the bankruptcy trustee, Marc Kirschner, alleged that the debt obligations constituted securities, and thus were subject to the more stringent disclosure rules under securities laws. The defendants moved to dismiss the securities law claims on the grounds that a syndicated bank loan is not a security, and a loan syndication is not a securities distribution.

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  • Community Bank Minute

    Bank

    Arkansas Banks Face Increased Regulation Based on Asset Growth

    February 13, 2023

    Banks in Arkansas and throughout the country have experienced substantial asset growth in recent years.  The Annual Report of the Commissioner of the State Bank Department in 2017 listed 80 state-chartered banks with combined total assets of approximately $85.2 billion (average of $1.065 billion per bank).  In June of last year, the annual report listed 74 state-chartered banks with total assets of $147 billion (average of $1.986 billion).  With increased size comes additional oversight. 

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  • 2023 Partner Election

    2023 Partner Election

    Firm Welcomes New Partners

    January 6, 2023
    Friday, Eldredge & Clark, LLP is proud to announce Taylor A. Stockemer and Kael K. Bowling as the firm’s newest partners. Taylor, a highly accomplished professional with a diverse background in Mergers & Acquisitions, securities and investment banking, and regulatory law and Kael, who serves as litigation counsel to financial institutions, creditors, real estate and construction firms, and other business entities.
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