Media Mentions – February 24, 2012

February 24, 2012

Authored by: Bryan Cave

With offices all over the world, Bryan Cave attorneys are often quoted in the news.  Recent Media Mentions of Financial Institutions Group attorneys include:

Andreassen, Hester in Bank Safety & Soundness Advisor

DC Associate Kristine Andreassen and Atlanta Associate Barry Hester were quoted extensively Feb. 20 by The Bank Safety & Soundness Advisor concerning recently revised guidance from the FDIC that, among other things, attempts to keep unsteady community banks from taking too much payment processor risk. The revised guidance doesn’t contain anything “shocking,” but it does signal that payment processing will be a higher exam priority, Andreassen said. Hester confirmed that payment processors are increasingly approaching banks with offers that are too good to be true. “There are more legitimate payment processing systems and methods out there — a lot of excellent opportunities,” but banks need to take the time to properly vet these partnerships, he told the publication.

Atkinson in Charlotte Observer

Charlotte Partner B.T. Atkinson was quoted Feb. 21 by The Charlotte Observer concerning the federal government’s desire to end the politically unpopular Troubled Asset Relief Program. The government cannot force banks to repay TARP funds early under the terms of the capital investments brokered at the height of the financial crisis. To extricate itself, the Treasury is considering selling its stakes to third parties or restructuring their terms. Atkinson said it is more likely that the government would sell its TARP stakes, possibly at auction. He said the Treasury could move forward as early as the third quarter.  Click here to read the full article.

Moeling in Atlanta Journal-Constitution

Atlanta Partner Walt Moeling was quoted February 19 in The Atlanta Journal-Constitution regarding the impact of the deteriorating economy on the small businesses and banks of Henry County, Ga.  Once among the nation’s fastest-growing counties, Henry is now the largest county in Georgia without a hometown bank.  All five locally owned banks failed during the economic downturn.

Strahlberg on PYMNTS.com

Chicago Associate Margo Hirsch Strahlberg recently won the “Name That Stock Index” contest hosted by PYMTS.com, a web site that focuses on the global payments market.  In order to win the contest, she had to identify seven stock indices that each represented a grouping of publicly traded companies involved in all of the major areas of the payment industry, such as banks, networks, prepaid issuers and remittance companies.  As the winner, her bio was profiled on the group’s site along with a Q&A Interview.  Click here to view the posting.