Pepper Hamilton’s Tim McTaggart to Speak at KC’s Live Webcast on Bank Mergers and Its Effect on Your Customer Base: Minimizing the Impact on Customer Attrition
The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts announced today that Timothy R. McTaggart, Partner, Pepper Hamilton LLP will speak at The Knowledge Congress’ upcoming webcast entitled: “Bank Mergers and Its Effect on Your Customer Base: Minimizing the Impact on Customer Attrition Live Webcast.” This two-hour event is scheduled on Tuesday, December 8, 2009, at 12:00 PM - 2:00 PM ET.
New York, NY, October 22, 2009 --(PR.com)-- Mergers have become an important self-preservation tool for banks and financial institutions in the wake of the global financial crisis. These firms however face considerable challenges with respect to M&A activity and its potential negative impact on their customer bases. In the customer’s mind, it’s all about trust and confidence and people lose faith when they witness mergers as a result of financial duress. Thus, it is necessary to lay out plans that can prevent consumer attrition and reassert confidence during the interim period.
How do mergers affect consumers of the banks involved? What factors erode consumer confidence in the institutions and what can be done? The Knowledge Group is assembling a panel of distinguished professionals to help banks, financial institutions, and industry watchers understand the impact of bank mergers and to teach them how to retain consumers in these turbulent times.
(For more details, please visit: http://knowledgecongress.org/event_2009_Bank_Mergers.html)
About Timothy R. McTaggart
Timothy R. McTaggart is a partner in the Washington office of Pepper Hamilton LLP. He focuses his practice on bank and financial services regulatory matters. He also assists financial services clients on transactional and enforcement issues. Mr. McTaggart served as the Delaware State Bank Commissioner (1994-1999) and as counsel to the U.S. Senate Banking Committee (1991-1994).
Mr. McTaggart started his legal career in the Legal Division of the Board of Governors of the Federal Reserve System.
Mr. McTaggart has represented clients before the federal bank regulatory agencies, including the Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, Office of Thrift Supervision and the Board of Governors of the Federal Reserve System, as well as various state banking departments across the country.
Recent assignments include:
• providing regulatory assistance in connection with the Pennseco Financial Services Corporation acquisition of Old Forge Bank
• representing an investment entity not regulated under Section 2a-7, before the Federal Reserve System to extend the scope of the MMIFF Lending facility to such investment entities
• providing advice to a financial institution on executive compensation limits under TARP, the Emergency Economic Stabilization Act of 2008 (EESA) and the American Recovery and Reinvestment Act of 2009 (ARRA)
• assisting an investor group register a hedge fund family of funds to bid on assets offered by the FDIC
• assisting a client comply with state escheat law issues on a 50-state basis
• assisting a client comply with Delaware bank franchise tax requirements
• assisting a creditors committee in connection with banking issues arising in a savings and loan holding company bankruptcy
• assisting the independent directors of an audit committee in connection with issues arising in the sale of the banking company
• assisting clients with respect to custodian issues under federal and state law related to the operation of health savings accounts.
As the Delaware State Bank Commissioner, Mr. McTaggart supervised and set policy for retail banks, trust companies, wholesale banks, credit card banks, saving banks, mortgage companies and other financial services companies with operations in Delaware and across the nation. He also was responsible for administering escheat laws and the bank franchise tax applicable to all financial institutions operating in Delaware. Additionally, he served as a member of the Delaware Economic and Financial Advisory Committee (DEFAC), which advises the Governor on fiscal policy, including the state’s balanced budget requirement.
Mr. McTaggart has published numerous articles on bank regulation, and corporate law issues pertaining to financial services firms, and related corporate law topics. He also has spoken at conferences on various topics such as private equity investment in banks, M&A due diligence, privacy, bank compliance, data regulation and security, trust law developments and health savings accounts.
Mr. McTaggart served as chair of the Trust and Investment Services Subcommittee of the American Bar Association’s Banking Law Committee from 2004-2007, and Subcommittee’s vice chair from 2001-2004. He also served as a director of the Harvard Club of Washington, D.C., and has served as a director of various nonprofit educational and cultural organizations in Washington, D.C., and Wilmington, Delaware. Tim is a cum laude graduate of Harvard University (A.B. 1982) with a law degree from Harvard Law School (J.D. 1985). He is admitted to practice in the District of Columbia and Massachusetts.
About Pepper Hamilton LLP
Pepper Hamilton LLP is a multi-practice law firm with more than 500 lawyers nationally. The firm provides corporate, litigation and regulatory legal services to leading businesses, governmental entities, nonprofit organizations and individuals throughout the nation and the world.
For more information about Tim McTaggart, and Pepper Hamilton, please visit: www.pepperlaw.com
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Congress is a series of live webcasts produced by The Knowledge Group, LLC, which examine trends, regulatory, and technology changes across a variety of industries. To contact or to register to an event, please visit: www.knowledgecongress.org
###
How do mergers affect consumers of the banks involved? What factors erode consumer confidence in the institutions and what can be done? The Knowledge Group is assembling a panel of distinguished professionals to help banks, financial institutions, and industry watchers understand the impact of bank mergers and to teach them how to retain consumers in these turbulent times.
(For more details, please visit: http://knowledgecongress.org/event_2009_Bank_Mergers.html)
About Timothy R. McTaggart
Timothy R. McTaggart is a partner in the Washington office of Pepper Hamilton LLP. He focuses his practice on bank and financial services regulatory matters. He also assists financial services clients on transactional and enforcement issues. Mr. McTaggart served as the Delaware State Bank Commissioner (1994-1999) and as counsel to the U.S. Senate Banking Committee (1991-1994).
Mr. McTaggart started his legal career in the Legal Division of the Board of Governors of the Federal Reserve System.
Mr. McTaggart has represented clients before the federal bank regulatory agencies, including the Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, Office of Thrift Supervision and the Board of Governors of the Federal Reserve System, as well as various state banking departments across the country.
Recent assignments include:
• providing regulatory assistance in connection with the Pennseco Financial Services Corporation acquisition of Old Forge Bank
• representing an investment entity not regulated under Section 2a-7, before the Federal Reserve System to extend the scope of the MMIFF Lending facility to such investment entities
• providing advice to a financial institution on executive compensation limits under TARP, the Emergency Economic Stabilization Act of 2008 (EESA) and the American Recovery and Reinvestment Act of 2009 (ARRA)
• assisting an investor group register a hedge fund family of funds to bid on assets offered by the FDIC
• assisting a client comply with state escheat law issues on a 50-state basis
• assisting a client comply with Delaware bank franchise tax requirements
• assisting a creditors committee in connection with banking issues arising in a savings and loan holding company bankruptcy
• assisting the independent directors of an audit committee in connection with issues arising in the sale of the banking company
• assisting clients with respect to custodian issues under federal and state law related to the operation of health savings accounts.
As the Delaware State Bank Commissioner, Mr. McTaggart supervised and set policy for retail banks, trust companies, wholesale banks, credit card banks, saving banks, mortgage companies and other financial services companies with operations in Delaware and across the nation. He also was responsible for administering escheat laws and the bank franchise tax applicable to all financial institutions operating in Delaware. Additionally, he served as a member of the Delaware Economic and Financial Advisory Committee (DEFAC), which advises the Governor on fiscal policy, including the state’s balanced budget requirement.
Mr. McTaggart has published numerous articles on bank regulation, and corporate law issues pertaining to financial services firms, and related corporate law topics. He also has spoken at conferences on various topics such as private equity investment in banks, M&A due diligence, privacy, bank compliance, data regulation and security, trust law developments and health savings accounts.
Mr. McTaggart served as chair of the Trust and Investment Services Subcommittee of the American Bar Association’s Banking Law Committee from 2004-2007, and Subcommittee’s vice chair from 2001-2004. He also served as a director of the Harvard Club of Washington, D.C., and has served as a director of various nonprofit educational and cultural organizations in Washington, D.C., and Wilmington, Delaware. Tim is a cum laude graduate of Harvard University (A.B. 1982) with a law degree from Harvard Law School (J.D. 1985). He is admitted to practice in the District of Columbia and Massachusetts.
About Pepper Hamilton LLP
Pepper Hamilton LLP is a multi-practice law firm with more than 500 lawyers nationally. The firm provides corporate, litigation and regulatory legal services to leading businesses, governmental entities, nonprofit organizations and individuals throughout the nation and the world.
For more information about Tim McTaggart, and Pepper Hamilton, please visit: www.pepperlaw.com
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Congress is a series of live webcasts produced by The Knowledge Group, LLC, which examine trends, regulatory, and technology changes across a variety of industries. To contact or to register to an event, please visit: www.knowledgecongress.org
###
Contact
The Knowledge Congress
Thomas LaPointe, Jr., Executive Director
1.800.578.4370
www.knowledgecongress.org
Therese Lumbao, Director
Account Management & Member Services
tlumbao@knowledgecongress.org
Thomas LaPointe, Jr., Executive Director
1.800.578.4370
www.knowledgecongress.org
Therese Lumbao, Director
Account Management & Member Services
tlumbao@knowledgecongress.org
Contact
Categories