Peter Weinstock comments on buying back bank stock in FinCri Advisor
June 14, 2009
Got Excess Capital? The Pluses and Minuses of Buying Back Your Bank Stock
FinCri Advisor
Many banks across the country have recently announced new stock repurchase programs. Dallas partner Peter G. Weinstock, who represents small and mid-sized financial institutions, comments that people with capital who are comfortable with their asset quality have a once-in-a-generation opportunity to buy stock back at an attractive price. Weinstock says banks should also consider using stock buybacks to facilitate Chapter S elections, which can provide major tax savings for community banks.