Kennedy Sutherland to Speak at ESOPs Web Seminar

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.

HIGHLIGHTS

-Overview of leveraged and non-leveraged ESOP transactions

-Transfers of 401(k) assets by employees to purchase shares of bank stock in the ESOPs

-Use of an ESOP to raise capital

-Overview of IRS requirements applicable to S corporation ESOPs

-Overview of bank regulatory requirements applicable to ESOPs

WHY SHOULD YOU PARTICIPATE?

This session is a cost-effective way to learn more about ESOPs to help you determine if one could be helpful to your bank, or how you can get more out of the ESOP you currently have.  You may train as many individuals as you like for one set price.  There will be no travel costs, time lost from work and no one will be required to leave the institution.

WHO SHOULD ATTEND?

This program is directed to CEOs, Presidents, CFOs, Human Resources Directors and members of the Board of Directors.

SPEAKERS

Alexander Mounts
Partner
Krieg DeVault LLP

Patrick J. Kennedy, Jr.
Managing Partner
Kennedy Sutherland LLP

REGISTER NOW

Contact Us

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