Wednesday, April 22, 2015

The 7520 rate for May has decreased to 1.8%.

The May 2015 Applicable Federal Interest Rates can be found here.

Tuesday, April 21, 2015


This article describes what to do to protect the bank, your family and your investment.   Originally published on

For a number of community banks, the management and ownership of the institution is truly a family affair. For banks that are primarily controlled by a single investor or family, these concentrated ownership structures can also bring about significant bank regulatory issues upon a transfer of shares to the next generation.

Unfortunately, these regulatory issues do not just apply to families or individuals that own more than 50 percent of a financial institution or its parent holding company. Due to certain presumptions under the Bank Holding Company Act and the Change in Bank Control Act, estate plans relating to the ownership of as little as 5 percent of the voting stock of a financial institution may be subject to regulatory scrutiny under certain circumstances. Under these statutes, “control” of a financial institution is deemed to occur if an individual or family group owns or votes 25 percent or more of the institution’s outstanding shares. These statutes also provide that a “presumption of control” may arise from the ownership of as little as 5 percent to 10 percent of the outstanding shares of a financial institution, which could also give rise to regulatory filings and approvals. (more…)

Tuesday, April 7, 2015

dykeChambers & Partners has recognized Private Client Partner, Dyke Arboneaux, in Chambers Global Guide 2015.

Each year, Chambers researchers conduct thousands of interviews with lawyers and clients worldwide to compile their rankings.   The publication ranks law firms, practices and individual lawyers in “bands” from one to six, with one being the best.  London Partner, Dyke Arboneaux, is ranked in Band 2 for her international private client work.   She also is recognized as a foreign expert for her private client work in the United Kingdom section of the publication, as well as her tax work in the U.S.   The publication notes that Arboneaux “is a well-respected trust and estate partner in Bryan Cave LLP’s London office and is sought after for US and cross-border tax and estate planning matters, including FATCA issues.”

Click here for more information.