1-Hour Program

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Overview

Savings associations are a type of financial institution that historically focused on taking consumer savings deposits and making home loans. While declining in numbers, the thrift industry remains a significant segment of the US financial system. Thrift institutions and their owners are subject to a specific regulatory scheme that differs in important respects from the regulation of commercial banks and bank holding companies. In this this One-Hour Briefing, Matthew Bisanz, a regulatory partner in Mayer Brown LLP’s Washington DC office and associate professor of accounting at the University of Maryland Global Campus, and Kevin J. Handly, author of Savings Institutions Mergers, Acquisitions & Conversions (Law Journals Press) and lecturer at Boston University Law School's Graduate Program in Banking and Financial Law, will survey the special regulatory requirements and opportunities for thrift institutions.

Key areas to be discussed include:

  • Permissible activities and investments - 10 minutes
  • Opportunities for geographic expansion through branch and agency offices – 5 minutes
  • Affiliate transactions restrictions – 8 minutes
  • Qualified Thrift Lender test – 7 minutes
  • The new Covered Savings Association election – 10 minutes
  • Mergers and acquisitions – 10 minutes
  • Mutual holding companies and conversions – 10 minutes

 

Program Level:  Overview

Intended Audience:  In-house counsel, outside attorneys, compliance, banking, finance and other allied professionals involved with or interested in savings associations and the regulatory requirements specific to them

Prerequisites:  None 

Advanced Preparation:  None

 

Credit Details