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09/23/2012

Troubled condition compensation restrictions

FDIC restrictions on "Golden Parachute Payments"
Andrew Strimaitis, Donald L. Norman, Jr.

When a banking organization is determined to be in “troubled condition,” it becomes subject to the restrictions on “golden parachute payments” under Part 359 of the Federal Deposit Insurance Act.

Andy Strimaitis and Don Norman, partners in Barack Ferrazzano’s Compensation and Employment practice group, discuss the issues faced by the many financial institutions that are determined to be in “troubled condition” in a guest post for BankDirector.comClick here to read the post.

Don and Andy will be speaking at Bank Director’s upcoming compensation conference November 8-9 in Chicago.   

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