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FDIC Bars Financial Institutions from Purchasing Insurance Coverage for Civil Monetary Penalties for Directors and Officers: FDIC...

We recently notified you of the FDIC’s Financial Institution Letter 47-2013 , which urges directors and officers of financial institutions to examine their institutions’ directors and officers (D&O) insurance coverage to...more

11/23/2013 - Board of Directors Civil Monetary Penalty Corporate Counsel Corporate Officers D&O Insurance Directors Duty to Defend FDIC Financial Institution Liability Indemnification Professional Liability

FDIC Warns of Reduced Insurance Coverage for Directors and Officers of Financial Institutions

On October 10, the FDIC issued Financial Institution Letter 47-2013, urging directors and officers (D&O) of financial institutions to examine their institutions’ D&O insurance coverage to ensure adequate protection for...more

10/30/2013 - Banks D&O Insurance Directors FDIC Officers

State & Local Tax Alert: Alabama Edition - September 25th, 2013

The Alabama Historical Commission has issued emergency regulations to implement the state’s new historic structures rehabilitation tax credit. Emergency Rules 460-x-23-.01ER through 460-x-23-.13ER took effect September 1,...more

9/25/2013 - Historical Landmarks SALT Tax Credits

New Market Tax Credits in Alabama

The Alabama Department of Commerce has adopted rules regarding the Alabama New Markets Development Act, which implemented Alabama’s New Markets Tax Credit (NMTC). The rules, which are codified at Alabama Administrative Code §...more

3/21/2013 - Economic Development Tax Credits

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