REGULATORY RUMBLINGS:

If you missed the Community Bankers Forum hosted by the Federal Reserve Bank of Richmond on Wednesday in Charleston, you should know that Mac Alfriend, Senior Vice President of Banking Supervision and Regulation, indicated that the Federal Reserve will be issuing new guidance in the next couple of weeks in three key areas:

• Dividends and stock repurchases
• Executive Compensation
• Commercial Real Estate Lending.

Should you require more information, please feel free to contact the authors, Sandra M. Murphy at (304) 347-1131 or via e-mail at smurphy@bowlesrice.com, or Amy J. Tawney at (304) 347-1123 or via e-mail at atawney@bowlesrice.com.

Ms. Murphy and Ms. Tawney are partners in Bowles Rice McDavid Graff & Love LLP, focusing their practices in banking and commercial law. Bowles Rice McDavid Graff & Love LLP is general counsel to the West Virginia Bankers Association.

The authors present these materials with the understanding that the information provided is not legal advice.  Due to the rapidly changing nature of the law, information contained in this publication may become outdated.  Anyone using these materials should always research original sources of authority and update this information to ensure accuracy when dealing with a specific matter.  No person should act or rely upon the information contained in this publication without seeking the advice of an attorney.