Much has happened in the past ten weeks regarding bank failures, inspiring this much-anticipated update on our seminar in early April. In this session, Jay Hack will answer the question: What is the current (and future) state of the banking industry in the United States?
Our first topic explored the failures of Silicon Valley Bank (SVB) and Signature Bank. This webinar aims to help you understand why First Republic Bank was also added to the bonfire. These events have left many wondering about the latest developments with FDIC insurance, and what they can do to protect their deposits and the deposits of their clients. Join this informative session to understand the strategies can you adopt to maximize FDIC insurance (if the $250,000 limit on deposit insurance is reinstated), as well as explore what fundamental weaknesses may exist that threaten significant failures in the future.
Mr. Hack’s primary practice focus is providing a full range of legal services to banks and other financial institutions.
His broad-based financial institutions practice addresses a full range of legal needs for banks and other regulated institutions. He has chartered numerous de novo banks and has prepared stock offering materials to satisfy both FDIC and SEC requirements to raise capital in public and private offerings for both new and seasoned companies. He regularly assists clients in addressing complex regulatory issues and in dealing with examination report criticisms. On the retail banking side, he helps develop documentation for cutting-edge bank services to satisfy federal and state regulations in fields as varied as cybersecurity, BSA/AML compliance, and remote transaction security procedures. For over 40 years, he has been a leader in negotiating data processing contracts and core system conversions with almost every major data processing service provider. On the lending side, he negotiates and documents complex multi-national trade finance transactions as well as more conventional domestic commercial mortgage loans and commercial construction loans.
He also supports other practice areas within the firm by bringing his extensive knowledge of banking transactions and banking law to the table when clients need assistance in matters involving money, finance, and securities transactions.
His Professional Associations & Memberships include the following: New York State Bar Association, Executive Committee Member and Former Chair: Business Law Section, Co-Chair of Wine Beer and Spirits Law Committee: NYS Bar Association, and Member: Banking Law Committee.
Gallet Dreyer & Berkey, LLP is considered to be one of New York City’s leading law firms. Our attorneys have earned the highest client review rating possible from Martindale-Hubbell®. This rating is only earned by attorneys with the foremost legal skills and highest ethical standards.
Each of our partners is greatly respected in his or her area of practice. As a result, we are able to provide clients with a superior work product rivaling that of larger firms, while maintaining the reasonable rates and personalized service of a smaller firm.