Serving the needs of the Sub S Bank Community since 1998

We are the only association specifically created to help financial institutions maximize the benefits of their S Corporation election.

Increasing Sub S Banks Access to Capital

The Subchapter S Capital Access Coalition and Task Force has been organized for the specific purpose of increasing opportunities for banks, thrifts, trust companies and their parent holding companies that have elected Subchapter S federal tax treatment to raise capital and ensure the health and future success of their organizations. Our goal is to enact legislation that would (i) allow Subchapter S banks to issue “qualified preferred stock” and (ii) increase the maximum number of allowable S corporation bank shareholders from 100 to 500. Both measures are designed to enable S corporation banks, the majority of which are community banks, to significantly improve their ability to access vital sources of capital already available to other types of financial institutions. Given the significant limitations S corporation banks face in raising capital and the continued challenges associated with the economy and increasing regulation, both measures would alleviate many of the concerns currently facing S corporation banks.  Read more

Recent Articles view all

  • The Fiscal Cliff: How did Sub S Banks Fare?

    Jan 08, 2013

    By: Patrick J. Kennedy, Jr and William Sutherland

    Read more

  • Is S Corporation Status Still Right for You?

    Mar 30, 2011

    A variety of economic issues and the threat of increased personal tax rates have some financial institutions questioning whether S status is still right for them.

    Read more

  • Subchapter S Election for Financial Institutions

    Mar 30, 2011

    Almost one third of the financial institutions in the United States are now organized as S corporations.  Is S corporation taxation right for you?

    Read more

Benefits of Membership

  • Education
    Although some time has passed since financial institutions were first allowed to be organized as S corporations, S taxation is still an entirely new world to many. Let us help your shareholders and senior management better understand the many benefits of S taxation and how you can use them to maximize your financial institution’s performance.

  • Representation
    In recent years, virtually every aspect of the community banking industry has been under scrutiny by legislators and regulators. Unfortunately, S corporation taxation is no exception. The Subchapter S Bank Association is the only organization specifically focused on protecting the benefits you enjoy as an S corporation.

  • Information
    How are the changing legislative and regulatory landscapes going to affect the way you do business as an S corporation? That is the primary question that the Subchapter S Bank Association strives to answer with its publications. Via the web, member emails and print publications, we are committed to giving you the resources you need to stay informed and in front of new challenges.

Latest Newsletter

  • .Bank Domain: What you Need to Know
  • Sub S Legislative Initiative Progresses
  • Heritage Bank’s First Hand Experience with Small Business Lending Fund
  • Being Proactive and Not Reactive
  • Congress Mandates Changes to Small Bank Holding Company Policy

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