With What Matters Most, the Financial Institutions practice newsletter and our Financial Institutions Advisories, we summarize what is relevant for community financial institutions in a digestible and plain-English format. We give you a unique perspective (otherwise, why bother, right?) on matters impacting you. Rather than daily or monthly, we issue these briefings when it matters most, based on our conversations with regulators, analysts, and financial institution leaders. We also include our commentary at the end and keep it light and entertaining.
Now that the 2017 Tax Cuts and Jobs Act has been signed into law, most every S corporation bank will re-visit the question of whether it makes sense to maintain their current tax status or revert to a C corporation. … Continued