News & Insights

Total Page：16

File Type：pdf, Size：1020Kb

News & Insights Rasul M. Raheem Joins Dykema’s Detroit Office November 8, 2018 Dykema, a leading national law firm, today announced the addition of Rasul M. Raheem to its Financial Services Litigation Practice Group as a Senior Counsel in the firm’s Detroit office. Raheem joins Dykema with nearly 30 years of experience as in-house counsel to banking entities, including serving as Senior Vice President and Assistant General Counsel with Bank of America, as well as time with LaSalle Bank Corp. and Michigan National Bank. Raheem’s practice focuses on business transactions, bank regulatory and compliance, and banking law. He provides legal counsel and advice to senior management regarding finance and lending relationships, credit issues, restructuring and recovery strategies, reputational risk, treasury services, bank policy and regulatory issues, and cyber currency issues, as well as litigation related to financial services disputes. Raheem serves as a member of the Michigan Roundtable for Diversity & Inclusion and was an adjunct professor at Western Michigan University Cooley Law School, where he taught a course on banking and financial institutions law. “Rasul’s reputation in the world of financial services law precedes him,” said Laura Baucus, Leader of Dykema’s Financial Services Litigation Practice Group. “His invaluable experience as in-house with banking organizations will be a great benefit to our financial institutions clients.” Raheem earned a J.D. and an LL.M., in Corporate & Finance Law, from Wayne State University Law School. He also earned a BGS from The University of Michigan. Attorneys Rasul M. Raheem Practice Areas Bankruptcy, Insolvency & Creditors' Rights Financial Services Litigation – Consumer Government Policy & Practice Litigation Industries Financial Industry Group Financial Services Regulatory & Compliance California Illinois Michigan Minnesota Texas Washington, D.C..

Copy Link

Recommended publications

1999-2000 SAR Guide
A Guide to 1999-2000 SARs and ISIRs APPENDIX C NSLDS FINANCIAL AID HISTORY/NSLDS MATCH FLAGS NSLDS Financial Aid History The “Loan Satisfactory Repayment Arrange- 1999-2000 ments” flag reflects the status of loans with a “DX” (Defaulted, satisfactory arrangements Changes to NSLDS data since previous made including six consecutive monthly pay- Prescreening ments). If this flag is set to “Y” a comment will be included on the SAR/ISIR informing the student and the school of that status, but no “C” flag will An indicator will inform schools where NSLDS be set. information provided on a SAR/ISIR has changed since the last CPS transaction. A “#” sign will Aggregate Amounts for FFELP/Direct Loans print in front of the status field for Overpayments, Defaulted Loans, Discharged Loans, Loan Satis- Section factory Repayment Arrangements, or Active Bankruptcy if there has been a change in that The Unsubsidized Loans field has been deleted status since the last CPS transaction. and replaced with a Combined Loans field, which reflects the total amount of subsidized and The “#” sign will also print in front of the Aggre- unsubsidized loans the student has borrowed. gate Amount for FFELP/Direct Loans, Cumula- This change is consistent with guidance provided tive Perkins Loans, or the 1999-2000 Pell Pay- in Dear Colleague Letter, GEN-97-3, which was ment Data sections when information within that published in May 1997. In addition, the Consoli- section has changed since the last CPS transaction. dated Loans field has been renamed FFEL Con- Finally, a “#” sign will print in front of each solidated Loans, and will only include amounts of reported loan in the Loan Detail section when FFEL Consolidated Loans.
[Show full text]
Small Business Banking Issues
Comptroller of the Currency Administrator of National Banks Small Business Banking Issues A National Forum Sponsored by the Office of the Comptroller of the Currency Renaissance Washington Hotel Washington, D.C. February 5, 1998 Acknowledgments The Office of the Comptroller would like to express its appreciation to the speakers at the Small Business Banking Issues Forum, whose presentations are summarized here. Appreciation is also extended to the forum attendees, listed in Appendix A of this publication, for their questions, comments, and experiences shared about small business banking. The project was developed to enable bankers and small busi- ness owners to learn about successful programs, techniques, and strategies relevant to small business banking that could be replicated in their own communities. OCC staff contributing to the planning and conduct of the forum included: Janice A. Booker, director, Community Devel- opment Division (CDD); Yvonne McIntire, senior attorney, Community and Consumer Law; Denise Kirk-Murray, commu- nity reinvestment and development specialist, Community and Consumer Policy Division; Alfred T. Mitchell, community development specialist, CDD; Glenda Cross, director, Minority and Urban Affairs; John Turner, national bank examiner, Credit Risk; and Jacquelyn C. Allen, community development specialist, CDD. Lillian M. Long, program coordinator, CD Investments Program, CDD, served as project leader. Adminis- trative assistance was provided by Tawanda Hudge and Lisa Hemphill, CDD. The Communications Division, particularly Amy A. Millen, senior editor, and Rick Progar, publications liaison officer, helped to bring this publication to fruition. The OCC welcomes your comments or questions about this publication. Please write to the Community Development Division, Office of the Comptroller of the Currency, 250 E Street, SW, Washington, DC 20219, or call (202) 874-4940.
[Show full text]
2016-17 Annual Report of the Michigan State Treasurer
ANNUAL REPORT Michiganof State the Treasurer 2016-2017 Rick Snyder, Governor | Nick A. Khouri, Treasurer Table of Contents State Treasurer’s Letter of Transmittal ........................................................................................................1 Cash and Investments Schedule 1 State Treasurer’s Common Cash - Assets and Equities ................................................ 2 Schedule 2 Investment Portfolios of Specific Funds ........................................................................3 Schedule 3 Investment Revenues .....................................................................................................4 Notes to Financial Schedules .................................................................................................................6 Cash and Investments ............................................................................................................................8 Table 1 Investment Revenues for Fiscal Years ...........................................................................8 Table 2 Available Month-End Common Cash ............................................................................9 Table 3 Common Cash History ...................................................................................................9 Table 4 State Treasurer’s Common Cash Fund, Cash Balances, and Transactions by Fund ..................................................................................................10 Table 5 Demand Depositories as of September 30, 2017
[Show full text]
First National Bank of America Charter Number: 14740
LARGE BANK Comptroller of the Currency Administrator of National Banks Washington, DC 20219 Public Disclosure April 24, 2002 Community Reinvestment Act Performance Evaluation First National Bank of America Charter Number: 14740 241 East Saginaw Street East Lansing, Michigan 48826-0980 Office of the Comptroller of the Currency Detroit Field Office Omni Officentre, Suite 411 26877 Northwestern Highway Southfield, Michigan 48034 NOTE: This document is an evaluation of this institution’s record of meeting the credit needs of its entire community, including low- and moderate-income neighborhoods, consistent with safe and sound operation of the institution. This evaluation is not, and should not be construed as, an assessment of the financial condition of this institution. The rating assigned to this institution does not represent an analysis, conclusion, or opinion of the federal financial supervisory agency concerning the safety and soundness of this financial institution. Charter Number: 14740 Table of Contents OVERALL CRA RATING ....................................................................................................................... 2 DEFINITIONS AND COMMON ABBREVIATIONS ........................................................................... 3 DESCRIPTION OF INSTITUTION ........................................................................................................ 6 SCOPE OF THE EVALUATION............................................................................................................ 7 FAIR LENDING
[Show full text]
National Banks Placed in Liquidation, the Names of Succeeding Banks In
1920 (Volume 2) REPORT OF THE COMPTROLLER OF THE CURRENCY. 31 TABLE NO. 9.—National banks re/ported in liquidation from Nov. 1, 1919, to Oct. SI, 1920, the names, where known, of succeeding banks in cases of successions, together with date of liquidation and capital. Date of Capital. Name and location of bank. liquidation. Commercial National Bank of Oshkosh, Wis. (5557); absorbed by Old Na- tional Bank of Oshkosh, Wis. (title changedtothe Old-Commercial National Bank of Oshkosh) Nov. 1,1919 $200,000 First National Bank of Harriman, Tenn. (4501);succeeded by First & Manu- facturers Bank of Harriman, Tenn Oct. 25,1919 50,000 Manufacturers National Bank of Harriman, Tenn. (4654); succeeded by First & Manufacturers Bank of Harriman, Tenn ....do 75,000 Market National Bank of Cincinnati, Ohio (3642); absorbed by Fifth-Third National Bank of Cincinnati, Ohio July 2,1919 500,000 First National Bank of Fort Meade, Fla. (10386); absorbed by Bank of Fort Meade, Fla Nov. 3,1919 25,000 Third National Bank of Atlanta, Ga. (5030); absorbed by Citizens & Southern Bank of Savannah, Ga Oct. 30,1919 1,000,000 York County National Bank of York Village, Me. (4844); succeeded by York County Trust Co., York Village, Me.. Oct. 31,1919 60,000 American National Bank of Tampa, Fla. (7153); absorbed by Citizens Bank & Trust Co. of Tampa, Fla. (title changed to Citizens-American Bank & Trust Co.) Nov. 22,1919 250,000 Commercial National Bank of Steubenville, Ohio (5039); absorbed by Steuben- yille Bank & Trust Co., Steubenville, Ohio Nov. 24,1919 125,000 First National Bank of Lexington, N.
[Show full text]
ABN AMRO, 1990-Present
ABN AMRO History Department ABN AMRO, 1990-PRESENT The merger, 1990-1991 On 22 September 1991, the two largest general banks The South American operations of ABN AMRO’s subsidi- in the Netherlands, Algemene Bank Nederland (ABN) ary Hollandsche Bank-Unie were combined with those of and Amsterdam-Rotterdam Bank (Amro), merged. The Banco Real under the name Banco ABN AMRO Real. In resulting company adopted the name ABN AMRO. The the following years, more Brazilian take-overs followed, two principal motives for the merger were to concentrate and the country became the company’s third home market strengths and to scale up business internationally. after the Netherlands and the United States. Multiple take-overs occurred in Europe as well, such as that of the London stockbroking firm Hoare Govett (1992), the Swedish investment bank Alfred Berg (1995) and the centuries-old German private bank Delbrück & Co. (2002), which was merged with BethmannMaffei, an acquisition from 2004. In France Banque Odier Bungener Courvoisier, Banque Demachy and Banque du Phénix were acquired and merged with Banque de Neuflize, Schlumberger, Mallet to become Banque NSMD. After a long and controversial struggle regarding Banca Antonveneta, ABN AMRO acquired a majority stake in this Italian bank at the start of 2006. Barriers to growth An important reason for the creation of ABN AMRO was international strengthening and expansion. This goal was National and international expansion, 1990-2007 energetically pursued with many national and internati- In September 1990, the consumer credit activities in The onal acquisitions, but the company also divested itself Netherlands via intermediaries of the subsidiaries Finata, IDM and Mahuko were brought under a new subsidiary Interbank (sold in 2007).
[Show full text]
<Type Presentation Title Here>
NETWORKING AT ITS BEST BANKERS EDUCATION SUMMIT AND TRADE SHOW How To Generate Prudent Loan Growth April 25, 2013 John C. Donnelly Andrew C. Christians, CFA Confidential Table of Contents 1. Where Have We Been?* 2. Where Has This Left Us?* 3. Who Do We Admire?* 4. Techniques for Generating Prudent Loan Growth* 5. Loan Growth Through M&A 6. Summary 7. Donnelly Penman & Partners Bios *Data source utilized throughout presentation – SNL Securities, FDIC 2 Donnelly Penman & Partners Boutique investment banking firm based in Grosse Pointe, Michigan Established in 2000 Specialize in merger advisory, raising capital, and valuation and strategic advisory services Industry concentration in the financial institution and automotive industries Owned by the employees of the firm 3 1. Where Have We Been? 4 Current Macro Issues Facing Community Banks Economic headwinds (domestic and global) Regulatory pressure – particularly compliance Legislative uncertainty (Dodd-Frank still being defined) Improving loan delinquencies and credit costs Limited quality loan growth opportunities and aggressive pricing by nationals and regionals The latter point of loan growth has become a key gating item for community banks as we recover from the Credit Crisis 5 Backdrop to Current Lending Environment Record Low Interest Rates Low Loan Demand Excess Liquidity/Low Yields Fierce Pricing/Fixed Rates/Longer Maturities (10 years) Easing of Loan Covenants/Personal Guarantees Limited quality loan growth opportunities and aggressive pricing by nationals and regionals Community Banks are at a critical juncture on where to seek prudent loan growth 6 Bank Failures Across the Nation FDIC opportunities can offer buyers great opportunities to create shareholder value 7 FDIC Problem List Remains High Despite continued bank failures, the FDIC Problem Institution List has begun to trend downward after not materially changing over the last 2 years, indicating bank failures should subside in 2013, as seen in 2012.
[Show full text]
Rasul M. Raheem Senior Counsel
Rasul M. Raheem Senior Counsel Detroit 400 Renaissance Center Detroit, MI 48243 T: 313-568-5341 [email protected] Areas Of Practice Bankruptcy, Insolvency & Creditors' Rights Rasul M. Raheem is a senior counsel in Dykema's Detroit office and Litigation member of the Financial Services Practice Group, focusing his practice in the areas of business transactions, regulatory law and banking law. Government Policy & Practice Financial Services Litigation – Mr. Raheem has nearly 30 years of experience as in-house counsel to Commercial Michigan National Bank and LaSalle Bank Corp., with the last nine years Financial Services Litigation – at Bank of America, N.A. He provides legal counsel and advice to senior Consumer management regarding finance and lending relationships, credit issues, restructuring and recovery strategies, reputational risk, treasury services, Cannabis Law bank policy and regulatory issues. He also has experience managing outside counsel, related litigation and legal spend with law firms across Industries the country. Financial Industry Group Mr. Raheem was appointed by the Mayor of the City of Detroit to the Financial Services Regulatory & Detroit Land Bank Authority Board of Directors. He also serves as a Compliance member of the Michigan Roundtable for Diversity & inclusion and as an Commercial Mortgage-Backed adjunct professor at Western Michigan University Cooley Law School, Securities Special Servicer Group where he teaches a course on banking and financial institutions law. Bar Admissions Mr. Raheem has a number of published appellate decisions to his credit, and he is a member of several professional organizations. Michigan, 1984 Court Admissions Experience U.S. District Court, Eastern District ● Represented a middle-market lending group’s $240 million commercial of Michigan loan and real estate portfolio involving industry conglomerates, Major U.S.
[Show full text]
First National Bancorp, Inc
FIRST NATIONAL BANCORP, INC. A BANK HOLDING COMPANY FOR NOTICE OF ANNUAL MEETING OF SHAREHOLDERS OF FIRST NATIONAL BANCORP, INC. May 9, 2019 NOTICE IS HEREBY GIVEN that the 2019 Annual Meeting of Shareholders of FIRST NATIONAL BANCORP, INC., a Michigan corporation and registered bank holding company, will be held at the Park Club at 219 West South Street, Kalamazoo, Michigan 49007, at 5:00 p.m., on May 9, 2019, to consider and vote upon the following proposals: 1. Election of Daniel E. Bitzer, Eric V. Brown, Jr., Joseph S. Calvaruso, James J. DeKruyter, James S. DeMoss, David G. Echelbarger, James S. Gunderson, David L. Holmes, Benjamin T. Ipema, Larry D. Lueth, Edward B. Montgomery, Sondra K. Phillips, John M. Schreuder, Virginia M. Seyferth and Joshua T. Weiner as directors of First National Bancorp, Inc. for a one year term expiring at the 2020 annual meeting of shareholders. 2. Ratification of the appointment of the independent auditors for the year ending December 31, 2019. We will also transact such other business as may properly come before the meeting or any adjournments thereof. Your Board of Directors recommends that you vote “FOR” all of the named director nominees and “FOR” Proposal 2. April 9, 2019 is the record date for the Annual Meeting. Accordingly, the only persons entitled to notice of and to vote at the Annual Meeting (or any adjournment or postponement of the Annual Meeting) are the persons who were record holders of shares of First National Bancorp, Inc. common stock at the close of business on that date.
[Show full text]
Bank of America
Bank of America From Wikipedia, the free encyclopedia Jump to: navigation, search Not to be confused with First Bank of the United States, Second Bank of the United States, or Bank of United States. Bank of America Corporation Bank of America logo since January 1, 2002 - now Type Public company NYSE: BAC Dow Jones Industrial Average Traded as Component S&P 500 Component Industry Banking, Financial services Bank America Predecessor(s) NationsBank Founded 1998 (1904 as Bank of Italy)[1] Bank of America Corporate Center Headquarters 100 North Tryon Street Charlotte, North Carolina, U.S. Area served Worldwide Charles O. Holliday (Chairman) Key people Brian T. Moynihan (President & CEO) Credit cards, consumer banking, corporate banking, finance and Products insurance, investment banking, mortgage loans, private banking, private equity, wealth management Revenue US$ 83.33 billion (2012)[2] Operating US$ 3.072 billion (2012)[2] income [2] Net income US$ 4.188 billion (2012) [2] Total assets US$ 2.209 trillion (2012) [2] Total equity US$ 236.95 billion (2012) Employees 272,600 (2012)[2] Bank of America Home Loans, Divisions Bank of America Merrill Lynch Merrill Lynch, U.S. Trust Subsidiaries Corporation Website BankofAmerica.com References: [3] Bank of America Corporation (NYSE: BAC) is an American multinational banking and financial services corporation headquartered in Charlotte, North Carolina. It is the second largest bank holding company in the United States by assets.[4] As of 2010, Bank of America is the fifth- largest company in the United States by total revenue,[5] and the third-largest non-oil company in the U.S.
[Show full text]
Conditional Approval #289 November 1998
Comptroller of the Currency Administrator of National Banks Washington, DC 20219 Conditional Approval #289 October 2, 1998 November 1998 Mr. John L. Douglas Alston & Bird LLP 1201 West Peachtree Street, N.W. Atlanta, Georgia 30309 Re: Request of Operating Subsidiaries of Various National Banking Associations to Acquire Ownership Interests in CheckFree Corporation through Integrion Financial Network, L.L.C. Application Control Nos. 98-WO-0006 through -0018 and -0021 Dear Mr. Douglas: This is in response to the operating subsidiary application ("Application") submitted on behalf of Bank of America National Trust and Savings Association; Barnett Bank, National Association; NationsBank, National Association; Bank One, National Association; KeyBank National Association; Mellon Bank, N.A.; U.S. Bank National Association; PNC Bank, National Association; Michigan National Bank; The First National Bank of Chicago; Comerica Bank - Ann Arbor, National Association; Fleet National Bank; Citibank, N.A.; and First Union National Bank (collectively, the "Integrion Owner Banks" or “Applicant Banks”).1 Each of these banks owns a membership interest in Integrion Financial Network, L.L.C. ("Integrion") either directly or through direct or indirect wholly-owned operating subsidiaries. 1 The OCC previously granted most of the Integrion Owner Banks approval to invest in Integrion through operating subsidiaries. OCC Conditional Approval No. 221 (December 4, 1996). Recently the OCC has granted approval to Citibank, N.A. (OCC Conditional Approval No. 273 (February
[Show full text]
Economic and Fiscal Impact of Lasalle Bank Acquisition
August 17, 2007 Economic and Fiscal Impact of LaSalle Bank Acquisition Caroline M. Sallee, Consultant Alex L. Rosaen, Senior Analyst Darci R. Keyes, Senior Consultant Timothy Mahon, Principal Commissioned by Service Employees International Union (c) 2007, Anderson Economic Group LLC. See notice for limited reproduction rights, cautions, and disclaimers. SUMMARY On April 23, 2007, ABN AMRO, the parent of LaSalle Bank Corporation, announced that it was selling LaSalle Bank Corporation to Bank of America for $21 billion. By acquiring LaSalle Bank, Bank of America gains market share in Chicago and Detroit, two of the ten largest metropolitan areas in the U.S., and will become the largest commerical bank in the U.S. in terms of total assets.1 In this report we analyze the likely effect that Bank of America’s acquisition of LaSalle Bank will have on employment, earnings, and tax revenue in the Chicago Region (a four county region composed of Cook, DuPage, Lake, and Will Coun- ties). We analyze two likely outcomes of the acquisition, each assuming different levels of cost savings and personnel cuts. These scenarios are described in “Two Potential Outcomes of Acquisition” on page 4. The analysis shows that the total net employment impact on the Chicago Region from the acquisition will be in excess of 10,500 lost jobs. The net employment impact accounts for job losses spread over a two-year time period (2008 and 2009). It also includes jobs indirectly lost in other industries as a result of layoffs and relo- cations by Bank of America. See “Net Employment Impact” on page 6.
[Show full text]