Timothy Sullivan and Michael Morehead Explain New Fed Revision of Small Bank Holding Company Policy Statement

July 21, 2015

Timothy M. Sullivan of Hinshaw's Chicago office and Michael D. Morehead of the Springfield office authored an article in Banknotes, the magazine of the Community Bankers Association of Illinois, entitled "Federal Reserve Revises Its Small Bank Holding Company Policy Statement Asset Limit Increased to $1 Billion; Saving & Loan Companies Included." The article summarizes the recent revisions to the Fed's Small Bank Holding Company Policy Statement. Changes to the policy statement include increasing the asset limit from $500 million to $1 billion and including savings & loan holding companies in the statement.
Please visit Community Bankers Association of Illinois website to read the full article.

Hinshaw & Culbertson LLP is a U.S. based law firm with offices in 11 states and London. The firm's national reputation spans the insurance industry, the professional services sector—including representation of law firms and lawyers—and other highly regulated industries, such as banking and finance and the debt collection sector. Hinshaw also provides a series of closely coordinated litigation, business advisory and transactional services to clients of all sizes as well as governmental and public sector entities.