On March 21, 2024, the Federal Deposit Insurance Corporation (“FDIC”) approved a Federal Register notice seeking public comment on its proposal to revise its current Statement of Policy on Bank Merger Transactions. Among the proposed revisions, the agency’s proposal will prohibit non-compete agreements in bank mergers in which the selling bank is required to divest all or a portion
Continue Reading FDIC Updates Bank Merger Guidance to Include Non-Compete Ban
After being slapped with a post-trial judgment last April totaling $2.2 million for misappropriation of confidential and proprietary information, two Wyoming bank executives were named in an unprecedented “Notice of Intent to Prohibit” filed in December by the Federal Reserve Board. If these executives thought that more than two million dollars in civil liability was harsh, they were
Continue Reading Fed Seeks to Bar Two Bankers for Life for Stealing Confidential Information
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The fourth webinar of the 2012 series will focus on trade secret considerations in the banking and finance industry, including prosecuting claims against former employees who are FINRA members. Topics will include: