Bank Stock Redemption

Topics:
Equity
Tags:
Bank,
Equity,
Finance,
Financial Services,
Fredrikson & Byron P.A.,
Investment,
Redemption,
Stock
Source:
Fredrikson & Byron P.A.

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Overview: The article debates that some planners mistakenly believe only a holding company can redeem stock. Although holding companies provide greater flexibility than banks for succession planning and stock transfers, especially in leveraged transactions, planning in some circumstances can be accomplished at the bank level. It is implied in the article that no specific form for request of reduction of capital should include current and pro forma equity accounts, independent appraisal or other information to support redemption price, capital ratios and statement of purpose for the redemption.

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Format: HTML | Size: 14KB | Date: May 1995 | Pages: 1


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