| Subchapter S Bank Association Issues Comment on Proposed FDIC Prepaid Assessments |
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10/28/2009 |
On Wednesday, October 28, Subchapter S Bank Association Executive Director Bruce Toppin issued a comment on behalf of the Association on the FDIC’s proposal for banks to prepay multiple years worth of assessments to restore liquidity to the Deposit Insurance Fund.
Mr. Toppin’s comments urged the FDIC to consider any potential negative impact that a prepaid assessment could have on S corporation financial institutions in light of their unique tax treatment. To view the full comment letter issued to the FDIC, please click here. |
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