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Brad Neighbors, partner in the firm’s Birmingham office and member of the Banking & Financial Services Practice, participated this week in a roundtable discussion with financial industry leaders at the FDIC’s Atlanta Regional Office regarding the deposit insurance application process. The roundtable was held in furtherance of the FDIC’s initiative to promote a more transparent, streamlined, and accountable deposit insurance application process and encourage de novo bank formations.
"We are encouraged by the FDIC’s desire to see more de novo banks and were excited to offer our insight into how the deposit insurance application process can be improved to facilitate that growth. With the decline in the number of chartered institutions since the financial crisis, the chartering of de novo banks is vital to stimulate and increase confidence in the banking industry.” said Brad.
Brad counsels financial institutions in all aspects of the financial services industry, including regulatory compliance, vendor risk management, corporate governance, mergers and acquisitions, and new bank formation. He has a wide range of financial institution clients, from community banks to large regional banks. He also has clients who are non-bank financial institutions, such as credit unions, finance companies or other businesses that are not typically considered financial institutions but offer in-house financing for their own goods and services.