Best Practices for State Banks Eyeing Federal Conversions

Law360

Mark Chorazak Adam J. Cohen Michael P. Reed Melissa L. Dorow

The benefits of a national bank charter are drawing increased interest from state-chartered banks. Partners Mark Chorazak, Adam Cohen and Michael Reed discuss advantages that make the national charter attractive — such as streamlined regulation, federal preemption and operational efficiency — as well as important considerations and procedural details for banks contemplating this transition.
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