Late Thursday afternoon, the Treasury Department finally released a term sheet for Subchapter S banks and mutuals, allowing them to participate in the Small Business Lending Fund (SBLF). The application deadline for both S corporations and mutuals is June 6, 2011. Though many Sub S banks have been anxiously awaiting this term sheet for months now, most will be exceedingly disappointed to learn that the funds will only qualify for Tier 2 capital treatment.  Read more

The Subchapter S Bank Association is pleased to announce its newest member benefit - Custom Peer Group Reports.  In partnership with The Baker Group, the Association now invites you to enroll in the new program in which your performance ratios will be compared to those of three other financial institutions of your choosing.    Read more

Victory for S corporation financial institutions as the Internal Revenue Service announces it's acquiescence with the Seventh Circuit Court of Appeals in TEFRA case.  Read more

Officially titled the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010, the bill extends all of the Bush-era tax cuts through 2012.  Read more

Senate passes small business jobs bill aimed at encouraging community banks to expand small business lending.  Read more