Community banks that have implemented ESOPs credit them with boosting employee morale and performance, furnishing liquidity to shareholders, and raising capital by turning employees into investors. ESOPs also offer attractive tax breaks to small community banks, particularly S corporations. But community bankers considering an ESOP should weigh the obligations along with the rewards of employee ownership . . .
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.