Sean Purcell, a partner in the Vorys Washington, D.C. office and a member of the corporate group, authored an article for BNA’s Banking Report titled “Good for Business: How Lenders Can Benefit From Ex-Im Bank Charter Extension.”
Whitney Gibson, a partner in the Vorys Cincinnati office and the leader of the internet defamation group, authored an article titled “How Organizations Should Handle False, Defamatory Reddit Posts” for PR Daily.
Jonathan Ishee, of counsel in the Vorys Houston office and a member of the health care group, co-authored an article for the ABA Health Law Section: ESource titled “The Out-of-Network Battle Heats Up.”
Mathew Drocton, an attorney in the Vorys Columbus office and member of the litigation group, authored an article titled “Searching for the Sweet Spot: An Analysis of the American-U.S. Airways Merger” for the Case Western Reserve Law Review 2014 edition.
In the Fall 2014 edition of The Evaluator, read about appeals of BTA decisions, cases the Ohio Supreme Court decided related to real property taxation, as well as updates on counties reappraising or updated tax valuations for 2014.
Dave Froling and Jeffrey Miller, attorneys in the Vorys Columbus office and members of the tax group, co-authored an article titled “It’s Time to Update Your Tax Sharing Agreement – And If You Do Business in Ohio You’ll Need a Second One” for the November/December 2014 edition of the Journal of Taxation and Regulation of Financial Institutions.
Paige Kohn, an associate in the Vorys Columbus office and a member of the litigation group, authored “Legal Industry Moves Away From Billable Hour to Alternative Fee Arrangements” for the October 2014 edition of Columbus C.E.O. magazine.
Dave Froling and Jeffrey Miller, attorneys in the Vorys Columbus office and members of the tax group, co-authored an article titled “The Ohio Supreme Court Decides Two Important Municipal Income Tax Cases Involving the Ohio Constitution” for the Fall 2014 edition of the Journal of State Taxation.
Natalia Steele, an associate in the Vorys Cleveland office and a member of the litigation group, authored an article for the American Bar Association Insurance Services: Safe Talk newsletter. The article highlighted the increasing trend of lawsuits being filed against banks and their directors and officers on behalf of shareholders regarding a bank merger or acquisition.
Allen Kinzer, a partner in the Vorys Columbus office and a member of the labor and employment group, authored an article titled “Bonus Dispute Makes DOL Seem Like 'Department Of Languor'” for Employment Law360.
With developments over the recent years that include a number of high profile data breaches (e.g., Snowden and Target), the National Institute of Standards and Technology release of its recommendations titled the "Framework for Improving Critical Infrastructure Cybersecurity," and the enhanced regulatory exam focus on identifying an institution’s preparation and protections related to cyber risks, institutions and boards that fail to focus and create plans to deal with cyber risks do so at their own peril.
Life as a mutual thrift is a good news/bad news proposition.
The "good news" is that you’re not constantly facing shareholder pressures for performance and returns because you don’t have shareholders to worry about.
The "bad news" is that your only current direct option for raising capital, when needed or desired, is severely restricted to the long-term mechanism of accumulating retained earnings.
While the "big" banks and bank holding companies have been issuing preferred stock to raise capital for years, we have recently seen increased interest from community banks and bank holding companies in issuing convertible preferred stock to raise capital. In the past 12 to 18 months, there have been a number of convertible preferred stock offerings, including both registered offerings and private placements, by community bank and thrift holding companies.