Closely-held banks are unique as ESOP companies. This webinar series was designed for bank executives aiming to effectively increase benefits from their ESOP, offering education and sharing of best practices for this industry.
Strategic Shareholder Management for Bank-owned ESOPs
Using an ESOP to manage the shareholder base can help effectively manage a dispersed shareholder group. This session will explore how ESOPs provide a structured mechanism to grow employee ownership, enhance engagement and provide shareholder liquidity. Join Nick Viner and Drew Larson from BrownWinick as they discuss the benefits, implementation strategies and a case study demonstrating successful long-term equity base management with ESOPs. They will be joined by bank executive, Chris Wewers.
From Inception to Expansion: Thriving Through Regulatory & Capital Changes in Bank ESOPs
Wednesday, January 8, 2025 – 12:00 – 1:00 PM (CST)
Transitioning a bank to controlling ESOP ownership involves navigating regulatory challenges and engaging in long-term capital planning. This process can enable the prioritization of employee and community interests. In this webinar, Nick Viner and Terry Merfeld from Eide Bailly will share:
- Common routes a bank utilizes to start an ESOP
- What a controlling interest looks like
- How to determine controlling interest at ESOP formation
- The growing pains from crossing the control threshold and becoming a Bank Holding Company
- One bank’s ESOP journey, the challenges they overcame and advice they can provide.
They will be joined by Mike Daniel, CFO at Old Fort Banking Company to share his experience.
Prairie Capital Advisors, BrownWinick and Eide Bailly have a long history of serving ESOP-owned businesses. We understand how an ESOP-owned bank can differ compared to a privately owned company when it comes to understanding the goals and objectives as an ESOP-owned bank. Minimizing taxes, cash flow concerns and continuity of a legacy business are a few challenges that need to be addressed.
Attend Our Event in 2025
Ideally, it would be great to host an in-person event to encourage collaborative sharing of best practices among bank professionals facing similar challenges. Please take a moment to complete this brief survey to gather your thoughts on attending an in-person event.
