On Wednesday, August 22, 2012, the SEC is meeting to consider rules to implement a critical component of the Jumpstart Our Business Startups Act (the JOBS Act).  Specifically, the Commission will be considering rules to eliminate the prohibition against general solicitation and general advertising in securities offerings conducted pursuant to Rule 506 of Regulation D under the Securities Act and Rule 144A under the Securities Act, as mandated by Section 201(a) of the JOBS Act.

On Thursday, August 23, 2012 at 2:00pm Pacific time, Partners Robert Klingler and Dan Wheeler will be presenting a webinar for the Western Independent Bankers on the impact of the JOBS Act on community banks. The title of the webinar is “Capital Relief and New Opportunities: The Impact of the JOBS Act on Community Banks.”

In a time of ever increasing regulation, Congress passed the JOBS Act in April 2012, a significant piece of deregulation of the federal securities laws.  Public and private offerings are both impacted, and likely to be permanently changed.  New flexibility has been introduced relaxing reporting requirements and allowing community banks to raise capital more easily.

Join us for where we will cover the scope of what JOBS Act specifically means to community banks including:

  • Overview of the JOBS Act
  • Regulation A+ and Alternatives
  • Capital Raising at the State Bank, National Bank and Bank Holding Company Level
  • Exchange Act Reporting Threshold
  • Outcome of the August 22 SEC Meeting

Reserve your space in the webinar online.