What Should Receivers Do In The Aftermath of Silicon Valley Bank, Sovereign Bank, and other banks To Protect Receivership Funds
Description:
The recent events involving the FDIC take-over of Silicon Valley Bank and Signature Bank are a wake-up call to all receiver-fiduciaries holding funds in trust for their receivership constituencies.
Critical questions: Are the receivership funds being held recognized by the Federal Reserve and FDIC? If not, do you need to move the funds to a different bank. Is it sufficient, from a fiduciary point of view, for funds to be held in a non-interest-bearing bank account. What factors should a receiver be weighing when considering whether to maximize return by maintaining funds in a higher interest rate account versus the high level of customer service a receiver gets when the funds earn a lower rate of return.
Panelists:
Gerard Keena, President & Receiver Bay Area Receivership Group
Ben Young, JMBP Partner
Steve Tesler, Executive Vice President, California Bank of Commerce
Kevin Whelan, CFO The Beverly Group, Inc
Credits:
1.0 MCLE
Cost:
Members - $50
Non-Members - $70
| PURCHASE HERE |
**if you purchased already you do not need to purchase again. Simply click on the the "Lesson" link below.
Course Details
For Distributors
Distributors may purchase multiple copies of packages to distribute to learners, and follow their progress. Bulk discounts are below.
| Quantity | Price per voucher |
|---|---|
| 1+ | $0.00 |
Instructors
Ben Young
Ben Young represents parties in insolvency matters. He has extensive experience in workouts, restructurings, bankruptcies, receiverships and assignments for the benefit of creditors. His clients include lenders, financial institutions, secured and unsecured creditors, distressed investment funds, businesses, receivers, special servicers, and creditors' committees. Ben is a former Chair of the California State Bar's Insolvency Law Committee, is a past president of the Northern California Chapter of the Turnaround Management Association and has been a member of the Bench-Bar Liaison Committee for the United States Bankruptcy Court for the Northern District of California and of the Board of Directors of the Bay Area Bankruptcy Forum. He is a frequent speaker on business bankruptcy issues.
Gerard Keena
President and Receiver Bay Area Receivership Group
Kevin Whelan
CFO
The Beverly Group Inc
Steve Tesler
Executive Vice President,
California Bank of Commerce