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In the News Press Release

Why Small Banks Are Rushing to Issue Subordinated Debt

Publisher: American Banker
July 6, 2016

Michael Rave was quoted in an article, "Why Small Banks Are Rushing to Issue Subordinated Debt," in American Banker. Community banks are taking on more subordinated debt because interest payments are tax-deductible and the issues help bolster Tier 2 capital ratios, explains Rave in the report. Most buyers are pension funds, mutual funds and other community banks. "There's a lot of interest in them from institutional investors and investment banks are really pushing it," said Rave.

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Banking Agencies Issue Examiner Guidance on Assessing the Safety and Soundness of Banks Due to Impact of COVID-19
June 24, 2020

Day Pitney Alert

New Laws with Major Impact on Employers Operating in New Jersey Taking Effect: What You Need to Know to Comply

On April 24, Francine Esposito and Laura Schuman delivered a Business & Legal Resources (BLR)'s webinar entitled "New Laws with Major Impact on Employers Operating in New Jersey Taking Effect: What You Need to Know to Comply."

April 2020
BLR Webinar
Relief for Banks in the COVID-19 CARES Act
March 27, 2020

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COVID-19 Temporary Relief: New York-Regulated Banks Required to Grant 90-Day Forbearances for Some Borrowers
March 25, 2020

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Five Tips for Lenders to Manage the Impact of COVID-19
March 19, 2020

Day Pitney Alert

SEC's 1st Crowdfunding Enforcement Turns Heat On Portals
September 24, 2021

New York partner Eliza Sporn Fromberg was featured in a Law360 article discussing the potential impact of the SEC's first enforcement action on crowdfunding portals.

Lakeland Bancorp to Acquire 1st Constitution
July 12, 2021

1st Constitution Bancorp and Lakeland Bancorp, Inc. entered into a definitive agreement and plan of merger under which Lakeland will acquire 1st Constitution in a transaction valued at about $244 million, the banks announced July 12.

Are You Expecting PPP Loan Forgiveness? Don’t Forget This Step
May 28, 2020

Day Pitney advisory, "You Have the COVID-19 PPP Loan – Know the Rules to Maximize Forgiveness," authored by Susan R. Huntington, Richard D. Harris and Michael J. Dune, was mentioned in Forbes article "Are You Expecting PPP Loan Forgiveness? Don't Forget This Step."

Day Pitney Promotes Five New Partners
January 2, 2020

Day Pitney Press Release

Day Pitney Represents Valley National Bancorp in its Proposed Acquisition of Oritani Financial Corp.
June 26, 2019

Day Pitney Press Release
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