Most community bankers are familiar with Regulation O, the Federal Reserve’s set of rules intended to prevent abuse of bank credit by bank presidents, directors and other “insiders.” Reg O has been around for 40 years, and the terrain of compliance is well trodden. But familiarity doesn’t necessarily shield bankers and bank owners from the risks of running afoul of this key regulation. Its stipulations and restrictions are complicated, and pitfalls await those who fail to pay attention to the details . . .
This content is only accessible to members with a current subscription. If you are a subscriber but don't have online access, please contact us at 952-835-2275.