An Employee Stock Ownership Plan (ESOP) can be complicated combination of employee benefits, employee motivation, succession planning and corporate finance. If you know a bank CEO, COO or CFO or a director of a financial institution, you would do them a favor by sending this post to them.
Mercer Capital, in conjunction with Corporate Capital Resources, LLC is putting on a complimentary webinar on the important topic of bank ESOPs.
Banks proportionately make more use of ESOPs than any other industrial classification in the U.S., often without understanding the extent of their potential applications. While an ESOP is not suitable in all circumstances, an ESOP may provide assistance in resolving the following issues, either by itself or in conjunction with other elements of a well-rounded strategic plan:
- Augmenting capital, particularly for profitable institutions facing limited access to external capital.
- Facilitating stock purchases by creating an “internal” stock market.
- Providing employee benefits by rewarding employees that add to the institution’s long-term value.
Andy Gibbs, head of the Financial Institutions Group at Mercer Capital, and W. William Gust and Michael Coffey of Corporate Capital Resources, LLC, will be presenting complimentary webinar on bank ESOPs. Times are shown below.
Thursday, March 8, 2012
1:00pm – 2:00pm Eastern
12:00pm – 1:00pm Central
11:00am – 12:00pm Mountain
10:00am – 11:00am Pacific
The webinar will describe the function of ESOPs in the real world of banks and bank holding companies. We will highlight different structures and their respective advantages and disadvantages to various stakeholders (including the bank, employee participants, and shareholders). Before embarking on a particular strategy to deal with the various challenges you are facing, you may wish to consider how an ESOP can assist in addressing issues such as shareholder liquidity, employee ownership and compensation, and capital management.
Let me close with three things:
- Attendees on the webinar will receive a complimentary pdf version of the book The ESOP Handbook for Banks, which was coauthored by Mercer Capital and Corporate Capital Resources.
- You can register for the webinar here.
- Readers of ValuationSpeak can download a complimentary copy of The ESOP Handbook for Banks by clicking on the Download button below