Newspaper article THE JOURNAL RECORD

Second Seminar Set on Buying, Selling Distressed Banks

Newspaper article THE JOURNAL RECORD

Second Seminar Set on Buying, Selling Distressed Banks

Article excerpt

If you missed the first seminar on buying and selling distressed banks, taught by the Oklahoma City consulting firm of Loy, Harlan Inc., a second seminar has been scheduled for March 16 in Dallas.

The seminar focuses on recapitalization and purchase opportunities in insolvent and marginally solvent banks and bank holding companies.

The Federal Deposit Insurance Corp.'s guidelines for structuring failed bank acquisitions will be explained by Sid Carroll, the regulator's assistant regional director of the Dallas office's division of bank supervision.

Legal and tax issues involved in the acquisition of failed banks will be discussed by Bruce Crum, an Oklahoma City lawyer, while implementation issues and strategy will be discussed by Carla Brooks manager of the Dallas office of Peat Marwick Main & Co.

The impact of restructurings and strategic planning and financial projections for acquisitions will be addressed by principals of the consulting firm, A. Thomas Loy and Michael W. Harlan.

The co-conductor of the seminar is the Southwestern Graduate School of Banking at Southern Methodist University. . .

- An Automated Clearing House Originators workshop, to provide financial institutions with information on the benefits, costs and start-up procedures for this program, is set for March 16 in Oklahoma City.

The program is sponsored by Mid-America Payment Exchange, an association created to facilitate effective use of electronic fund transfers in Oklahoma and six other states.

The workshop is scheduled from 8:30 a.m. to 3 p.m. March 16 at the Hilton Inn-West. Further information is available from Diane Helton at the exchange's St. Louis office.

The exchange has begun an affiliate member program to keep businesses abreast of electronic funds transfer issues and to offer them a direct link to the exchange.

Members receive up-to-date information on direct deposit, cash concentration, preauthorized payment, point-of-sale and corporate trade payment applications. They also receive operating rules, newsletters, operations bulletins, assistance in operations and marketing of the automated clearing house services and discounted registration at workshops. Helton has further information on the affiliate member program. . .

- Rumors of an impending merger between Nichols Hills Bank & Trust Co. and Midwest National Bank in Midwest City are only that, said Kenneth L. Lawton Jr., president of Nichols Hills Bank.

The banks' holding companies have interlocking boards, with at least six people having more than 50 percent of the shares in each holding company, he said.

"What we're doing is just trying to pool our talents," Lawton said.

For French E. Hickman, chairman of the board for Midwest National, to be vice chairman of Nichols Hills Bank, the banks have to be affiliated, Lawton said. …

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