In this time of mandatory social distancing, the normally routine act of a notary witnessing and attesting to the validity of the signature is complicated. Many transactions depend on the ability of the parties to ensure valid signatures on legally binding documents. However, now notaries often cannot witness signatures in person.
There are two solutions available in Kentucky for many types of…
During the COVID-19 crisis, municipal and other bond issuers and borrowers need to be mindful of information provided to investors and lenders. Given the rapid changes, it is difficult to assess whether the immediate impacts of the COVID-19 crisis will only affect an organization’s short-term outlook, or if the impacts will ripple through long-term operations. Issuers and borrowers will receive…
The financial services regulators have moved significantly beyond encouraging financial institutions to work with loan customers affected by the Coronavirus 2019 Pandemic (COVID-19). On March 22, 2020, the federal financial services regulatory agencies and the Conference of State Bank Supervisors issued “Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working…
Commercial lending during times of economic stress involves managing enhanced risks. Managing those risks may require setting new lending goals, reviewing processes, and increasing training.
The emergence of the Coronavirus Disease 2019 (COVID-19) is rapidly disrupting economic activity across the country. These disruptions are reducing economic activity for many industries. These reductions will…
Strategic planning by the board of directors is a fundamental practice of good corporate governance. But, management team planning is equally important. If board strategic planning takes a view from 30,000 feet, management planning takes a view from 10,000 feet.
Managers regularly meet to work on specific projects, brainstorm ideas or gather information. In most cases meetings focus on narrow or…
Our identity is something we take for granted, until it is stolen. As bankers we continually educate our customers on ways to protect their identities. But what advice can we confidently offer our customers when their identities have been stolen?
According to the Federal Trade Commission, in 2018 identity theft was the third most reported form of consumer fraud behind imposter scams and debt…
Strategic planning is a vitally important responsibility that gets relatively little attention. Effective strategic planning can unleash an organization's potential, focus efforts in the right places, and energize teams to create amazing results.
Strategic planning is a requirement of sound bank management. However, the time and effort devoted to planning is often much less…