| SPECIAL COMPLIANCE BULLETIN |
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The Texas Finance Commission has approved proposed home equity interpretations and recommended others for comment. IBAT General Counsel Karen Neeley has written a brief Special Compliance Bulletin outlining these changes. |
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| APPROACHING DEADLINES... |
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Five*Star Award - deadline June 27 - vote for those IBAT Associate Members that truly SHINE!
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Best of Community Banking Awards - deadline June 30 - highlight your bank's involvement and contributions in your local community.
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| LEGAL EASE QUESTION OF THE WEEK |
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Question: Are all Members or Managers always listed on LLC entity documents when they are submitted to the Secretary of State by the company? I have LLC documents approved by the state indicating one Manager for the LLC. However, the company is asking me to list both signers on our resolution as Managers. My question is this: Do I need to require them to provide us with updated LLC documents that have been submitted to the Secretary of State and approved and indicate both signers as Managers?
To find out the answer, click on the flashing question mark. And you can also check out our searchable database of other frequently asked questions. |
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| BAKER WEEKLY |
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Treasuries prices rose last week with negative economic news still making headlines. The yield on the 10Yr Treasury Note fell 13bps in one week’s time, from 4.26% to 4.13%, while the 2Yr Treasury Note fell 20 bps, from 3.03% to 2.83%. The dollar continues to suffer against a basket of foreign currencies as weakness in the U.S. market rears its head yet again. Crude oil, which is denominated in dollars, rose to a record high last Monday, just shy of $140/bbl during intraday trading. Read more in this week's Baker Weekly.
Although this information has been obtained from sources, which we believe to be reliable, we do not guarantee its accuracy. This is for information purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security. |
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| SOLUTIONS FROM SERVICES |
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Texas banks rely on credit life services from one of Texas' largest and most substantial insurance companies. Endorsed by IBAT, American National Insurance offers credit life insurance services, gap insurance, involuntary unemployment insurance (IUI) and debt cancellation.
For more information, contact Dwight Judy at 800-899-6502. |
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| ON THE EDUCATION FRONT |
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Registration is now available for the following IBAT Summits:
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Advanced Bonds Summit
August 7 - Irving
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Lending Compliance Summit
August 21 - San Antonio
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Liquidity Management Summit
September 4-5 - Irving
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COMING SOON |
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For a complete listing of upcoming events, CLICK HERE. Meanwhile, please mark your calendar for some of our key upcoming events.
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August 7 - Irving |
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August 21 - San Antonio |
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September 4-5, Irving |
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September 21-23, 2008 - Hyatt Lost Pines Resort, Austin/Bastrop |
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October 5-10, 2008 - Dallas |
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Sales Culture 201 Summit
November - Dallas |
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November 3-4 - Dallas |
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Financial Literacy Summit
December 2-3 - San Antonio | | |
