Month: May 2010

JOSEPH LAW NEWSBRIEF – Financial Regulation Update: Community Banks and Main Street Scoring Well Against Wall Street However Unknowns Persist

The U.S. Senate continues to debate the Dodd Bill also known as the Restoring American Financial Stability Act of 2010 (S. 3217).  Since the original procedural logjam was broken in the Senate on May 5, 2010, the Senate has debated twenty amendments and approved eleven changes. A few of the most important substantive votes have …

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JOSEPH LAW NEWSBRIEF: FDIC Paves the Way for Private Investors to Recapitalize Troubled Banks and Bid for Failed Banks

The recently announced high profile recapitalization of Pacific Capital Bancorp by investor Gerald Ford and affiliates, coupled with the newest FAQ issued by the FDIC on April 23, 2010, indicates that private equity now has several paths to successfully enter the queue for failed bank acquisitions and troubled bank recapitalizations.  However, it is also clear …

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