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

**if you purchased already you do not need to purchase again. Simply click on the the "Lesson" link below.