Category >> Jeff Gerrish on Community Banking

Mar 03
2010

"AN ORDER ALWAYS HAS TO BE IN PLACE"

Posted by Jeff Gerrish in Jeff Gerrish on Community Banking

Will inflexible bureaucrats drive off would-be bank investors?
Feb 16
2010

WHEN FDIC SUES DIRECTORS, AND WHEN IT WON'T

Posted by Jeff Gerrish in Jeff Gerrish on Community Banking

Hint: The potential payoff to FDIC has a lot to do with it
Jan 28
2010

FDIC WEBSITE WILL STILL SHOW “C&DS” INSTEAD OF “CONSENT ORDERS”

Posted by Jeff Gerrish in Jeff Gerrish on Community Banking

After approximately 35 years in this business, I have finally figured out how the regulatory agencies work.
Jan 20
2010

BANK BOARDS FORGET HUMAN RESOURCES—AND RELATIONS—AT THEIR PERIL

Posted by Jeff Gerrish in Jeff Gerrish on Community Banking

Community banks run on money and people, and you'd better not forget the people factor
Jan 06
2010

CAPITAL IS OUT THERE, BUT CHALLENGING TO CATCH AND KEEP

Posted by Jeff Gerrish in Jeff Gerrish on Community Banking

While major banks move their attractively priced capital offerings easily, community banks face a tough slog when FDIC repeats a longstanding mantra
Dec 16
2009

DON'T MISS OPPORTUNITIES IN THE "DEAD" M&A MARKET

Posted by Jeff Gerrish in Jeff Gerrish on Community Banking

Let others sit back and wait for M&A to "return."

Astute bankers with capital can buy opportunities on the cheap right now.

Dec 10
2009

What’s your real liability as a director or officer?

Posted by Jeff Gerrish in Jeff Gerrish on Community Banking

Recently I have been receiving many questions from community bankers that deal with their liability as bank directors and officers. Since my checkered past includes suing bank directors for the FDIC when their banks failed, defending directors since I left the FDIC 25 years ago, and, in all likelihood, serving as an expert witness for directors in the future, I suppose they picked me as a likely candidate to be able to respond.
Dec 03
2009

WHETHER YOU GET PUBLICLY OR PRIVATELY SLAPPED VARIES ALL OVER THE LOT

Posted by Jeff Gerrish in Jeff Gerrish on Community Banking

As most of you know, our firm has the opportunity to represent banks from Maine to Alaska. As a result, I am on the road close to 300 days a year (at least lately). One issue has jumped out at me recently, and that is the inconsistency of regulation, not just between the agencies, but between regions within the same agency. This primarily deals with troubled institutions.
Nov 12
2009

FDIC new enforcement actions

Posted by Jeff Gerrish in Jeff Gerrish on Community Banking

Since the beginning of time (at least since the beginning of  FDIC enforcement actions over 30 years ago), FDIC has utilized an array of alternative enforcement actions.  For informal, nonpublic matters, resolutions by the Board of Directors and memoranda of understanding have been the instruments of choice.  For formal enforcement actions, until two weeks ago, when a major policy shift occurred,  FDIC always utilized cease and desist orders—“C&Ds.”

.
aspirin-theblog_promo.jpg

 

Equifax--All scores are not created equal -- http://consumer.equifax.com?elqPURLPage=31
portworkout_summer.jpg