Pub. 13 2018-2019 Issue 3

NEBRASKA BANKERS ASSOCIATION 9 COMMERCIAL LOANS - TIF/BOND FINANCING DIP FINANCING - BANKRUPTCY/CREDITORS’ RIGHTS BANK ACQUISITIONS/DIVESTITURES REGULATORY COMPLIANCE - GENERAL CORPORATE 402.390.9500 koleyjessen .com Banking, Finance and Creditors’ Rights Finding the Right Solution for Every Transaction I first came to appreciate the importance of a dynamic banking industry — populated with banks old and new, large and small — when I worked for former Sen. Tim Johnson (D-S.D.) as staff director of the Senate Banking Subcommittee on Financial Institutions. Naomi Camper is chief policy officer at the American Bankers Association. before the financial crisis. Their resilience and success through the crisis and its aftermath reminds us that new banks can succeed in any environment. The task force agreed that successful de novo formation starts with selecting an experienced board and bank man- agement team. De novos are poised for success when they combine their experi- ence with a strong business plan and the capital necessary to support that plan. Unfortunately, the current requirements for new bank formation prove to be more complicated. We recently presented our findings and proposed solutions to the FDIC, and the timing couldn’t be better. Not only is there new leadership at the agency willing to look intowhat may be impeding de novo activity, but the economy’s robust growth presents the opportunity to ensure bank entrepreneurs — and the customers and communities they wish to serve — benefit from the rising tide. If we can help change the course of de novo activity and facilitate new growth in the industry, we’ll be shap- ing a vibrant future for banking. 