01/29/2007
If the only officer of a corporation who has a business account dies, but there is another signer on the account, can that signer add another signer to the business account? How would they add someone else as an officer for the business?
11/13/2006
If a reputable and good standing community bank (Bank A, which is publicly traded) approaches another good standing community bank (Bank B, which is publicly traded) for merger talks, is it not the fiduciary responsibility of Bank B's Board of Directors to entertain the idea of the merger? What are the rules and regulations that state bank board of directors have a fiduciary responsibility to not only the bank, but the stock holders as well?
09/11/2006
Is it now a requirement or just a strong recommendation that members of the Board of Directors receive training on BSA?
01/30/2006
Can you offer a special checking account to a select group of people, ie: they all work at the same place, without discriminating against other customers if they are not employed by the same company?
10/03/2005
A counterfeit check clears a large, corporate, non-profit client's account and the client reports it to us within 30 days. In the course of an investigation the client mentions that the serial number of the counterfeit check matches the serial number of a check that was issued 6 months prior and never cashed. The client stated that they knew the payee never received the check and said "I guess I never put a stop payment on that one...." Does the drawee bank have a defense under UCC regarding customer negligence? The client knew the check was lost and outstanding and if a stop payment was placed the counterfeit would never had cleared. A client of this size and sophistication should reconcile daily and use positive pay services as well, but they don't. Basically, is there any strong defense for me if I deny this claim?
09/01/2005
07/01/2005
On July 30, 2002 the Sarbanes-Oxley Act (SOX) was signed into law.
07/01/2005
Reconnex, a company that offers risk management services, recently announced a new program designed for small to medium-sized organizations that monitors their systems to find places they might be
05/16/2005
If a person is a signer on a business account, are we required to get their Social Security number for CIP or any other reason?
01/01/2005
What Does The Bank Protection Act Really Mean?