The year 2020 will forever be known as the year a pandemic swept the globe. Despite the crisis, the economy is starting to emerge in the wake of COVID-19 and community banks are bouncing back stronger than ever by adapting to today’s “new business normal”. The Dickinson Law Banking Client Webinar Series first aired September 9th, 10th and 15th, and is now available On Demand. The three webinar sessions focus on the issues that community…
Dickinson, Mackaman, Tyler & Hagen, P.C. is delighted to announce that Grace Bogart and Rachel Soderstrum have joined the firm as Associate Attorneys. Both women began their legal careers at Dickinson Law as summer clerks in 2019. Grace Bogart Grace is a 2020 Juris Doctor graduate of the University of Iowa College of Law and holds a B.A. in political science (summa cum laude) from Iowa State University. As a member of the firm’s Banking,…
There is no question COVID-19 refocused attention and resources at the beginning of this year. While disruption on this scale makes planning difficult, it can also present opportunities for strategic decision making. COVID-19 may not be going away any time soon, so banks will need to adjust to operating in this new environment. That means considering the role of M&A in your financial institution’s strategic agenda. Before the crisis, there was emerging a pattern of banks revisiting their future…
STARTS TODAY: Don’t Miss Our Banking Webinar Series The year 2020 will forever be known as the year a pandemic swept the globe and caused widespread unemployment, unprecedented market volatility, and financial strain for business owners. Despite the crisis, the economy is starting to emerge in the wake of COVID-19 and community banks are bouncing back stronger than ever by adapting to today’s “new business normal”.   Don’t Miss the Dickinson Law Banking Client Webinar…
In May and June, the U.S. Department of Labor’s Wage and Hour Division (WHD) published two Fair Labor Standards Act final rules addressing overtime pay. The first rule, published and effective on May 19, 2020, amended the FLSA overtime exemption for commissioned employees employed by retail or service establishments. This exemption is commonly known as the “inside sales exemption.” The second rule, published on June 8 and effective on Aug. 7 made changes to the…
The morning after the derecho storm devastated the Midwest, thousands of Iowa residents woke up to a sea of downed tree limbs splayed where their grassy lawns used to be. Some residents weren’t as lucky—scratching their heads while gazing up at an adjoining landowner’s hundred-year-old oak protruding out of their master bedroom. Who is responsible for the damage? Most likely it is the homeowner sustaining the damage. Generally, only in cases of the tree owner’s…
Dickinson, Mackaman, Tyler & Hagen, P.C. is pleased to announce that 24 attorneys of the firm have been named by Best Lawyers® to its 2021 recognition lists for professional legal excellence, including: 21 attorneys with extensive experience were included in The Best Lawyers in America; Three distinguished attorneys were honored as “Lawyer of the Year” in their respective areas of law in Des Moines, and: Three rising lawyers were recognized in the inaugural edition of Best Lawyers:…
Keep Calm and Bank On ® Because of our concern for community bankers as the COVID-19 pandemic continues, Dickinson Law recently conducted a survey to learn what issues Iowa bankers are personally facing as a result of these challenging times. The results confirm several emerging trends that Iowa bankers are experiencing, including common employee and staffing concerns, the trend towards more online transactions, and a range of collective challenges that bankers have predicted in the next…
Keep Calm and Bank On ® The year 2020 will forever be known as the year a pandemic swept the globe and caused widespread unemployment, unprecedented market volatility, and financial strain for business owners. Despite the crisis, the economy is starting to emerge in the wake of COVID-19 and community banks are bouncing back stronger than ever by adapting to today’s “new business normal”.   Don’t Miss the Dickinson Law Banking Client Webinar Series to…
The London Interbank Offer Rate (LIBOR) is the basis index for a large number of financial instruments from interest rate swaps to adjustable rate mortgages. In 2008, an investigation exposed a LIBOR rate manipulation scandal leading to an erosion of trust in the index. LIBOR is expected to be phased out of use by late 2021. As banks begin to move away from LIBOR they will need to review their risk profiles as well as…