Latest News

20th Annual Subchapter S Bank Association Conference

Oct 13, 2017

Don't Miss Out on the #1 Conference for Sub S Banks! The Subchapter S Bank Association Conference scheduled for Oct 26-27 on the banks of the San Antonio River is the industry's go to place for the best information and thinking on Sub S and related community bank issues. This year's conference will have significant coverage and discussion about tax reform and other important legislative and regulatory developments. We anticipate that a bill will be on file by the Conference date and a talented group of professionals will be on hand to dissect and help you with strategies for the future. GET INSIGHT INTO TRENDS AND INNOVATIONS. Choose from break out sessions to tailor content to your level of expertise.  Mingle with the industry's best at a networking reception and meet representatives from our long list of sponsors and co-hosts, ranging from tax, accounting and investment firms to  companies helping community bankers as the core of their business. View the Agenda Here! Don't delay.  The Subchapter S Bank Association looks forward to hosting you in San Antonio, Texas during a landmark time for S corp banks!    Read more

HR 2339 Capital Access for Small Business Banks Act

Jul 05, 2017

SubChapter S Bank Bill Introduced in House HR 2339 was introduced by Representative Kenny Marchant on May 4, 2017 in the 115th Congress. The bill would permit Subchapter S Banks and their holding companies to have 500 shareholders and to issue preferred stock. The bill is identical to HR 2789 introduced by Rep. Marchant in the 114th Congress with the exception of minor changes recommended by the Joint Committee on Taxation. Those changes limit make the number of preferred shareholders subject to the 500 shareholder limit and limit preferred shareholders to shareholders who could otherwise own Subchapter S stock. In addition, a technical wording change was made to coordinate the size of the S corp’s deduction for dividends paid on preferred stock with the gains taxable to preferred holders. Congressman Marchant has asked that the industry encourage their representatives to co-sponsor the bill with him to evidence broad support. He also asks that the industry secure the commitment of Chairman Brady to include the provisions in the original tax reform bill being drafted and anticipated to be introduced in July 2017. We invite every bank to request their Congressional representatives to sign on as co-sponsors of the bill, whether you are an S corp bank o a C corp bank. A  copy of the bill is attached.    Read more

Be Heard: Contact Chariman Brady

Mar 22, 2017

We are calling on community bankers nationwide, especially S corps, to urge Chairman Brady and their members of Congress to support legislation to help s corp banks raise capital. Below please find a letter to Chairman Brady urging him to support HR 2789 & HR 3287. Please feel free to use the letter and add your own personal story when contacting Chairman Brady or your legislator.    Read more