The FDIC is soliciting comments on its Notice of Proposed Rulemaking which presents two alternatives for concluding the TAG program. The first option would be to follow the existing plan unchanged, with the program concluding on December 31, 2009 and no increase in fees for the coverage. The second alternative would extend the program until June 30, 2010 with an increase in annual fees from 10 basis points to 25 basis points during the extension period. A link to the FDIC Financial Institution letter, and the Federal Register announcement, can be found at: http://www.fdic.gov/news/news/financial/2009/fil09034.html.
"John Knight is the complete package when it comes to solid advice on all of the challenges and opportunities that our bank faces in today's volatile economy. John's background and experience are renowned. I have always found him to be steady in his demeanor and approach to problem solving and that is a big plus given the current regulatory environment for banking."
-- E. David Locke, Chairman and CEO of McFarland State Bank
"John Knight and the banking group at Boardman are thoroughly knowledgeable on federal and state banking laws and have demonstrated decades of commitment to the sound representation of Wisconsin banks and WBA."
-- Rose Oswald Poels, President & CEO of the Wisconsin Bankers Association