Chairman Brady Letter
Sub S Banks
SubChapter S Bank Bill Introduced in the House HR 2339 was introduced by Representative Kenny Marchant on May 4, 2017 in the 115th . . .
On Wednesday, the Republican Steering Committee tapped Representative Kevin Brady (R-TX) to succeed Speaker Ryan as the committee’s chairman. Both he and his . . .
Congressman Kenny Marchant (R-TX-24) has introduced the Community Bank Flexibility Act. H.R. 3287, The Community Bank Flexibility Act, was introduced on July 29th and to date has two cosponsors: Congressman Lamar Smith (R-TX-21) and Congressman Diane Black (R-TN-6).
The Subchapter S Bank Association today announced an exclusive relationship with Unwired Nation to promote the company’s Unwired Banking solution for mobile banking . . .
Paul Ryan (R-WI), a Senior member of the House Ways and Means Committe and leading contender to take the gavel as the next . . .
Join Patrick J. Kennedy, Jr. at the Bank Holding Company Association’s Fall Seminar scheduled for October 6-7 at the Minneapolis Airport Marriott Hotel. . . .
In our continued quest to identify companies that provide forward thinking opportunities to financial institutions, we are pleased to announce a new partnership agreement with Digital Compliance and Subchapter S Bank Association. Through the partnership, Subchapter S Bank Association members will be introduced to Venminder, Digital Compliance’s dynamic, online vendor management solution for compliance documentation, contract management and guided exam report preparation. An artful blend of cloud-hosted software and outsourced services, Venminder fits like a glove for community banks of all shapes and sizes.
Close to 250 S corporation banks across the country sponsor an employee stock ownership plan. ESOPs can be an effective tool in the right situation to create a market for bank stock, obtain tax incentives, raise capital and reward employees with the ability to own bank stock. This program will explore the advantages and disadvantages of ESOPs and dispel myths associated with them. Even if your bank has an ESOP, the program will provide useful information on how you can get more out of your ESOP.