Kutak Rock LLP attorney John Schembari recently authored an article in the November/December 2014 issue of Nebraska Banker magazine, titled “Effective Use of ESOPs for Banks.”

The article briefly describes the fundamental advantages of Employee Stock Ownership Plans (ESOPs), stating that ESOPs can serve as a tool for liquidity and succession, improve a bank’s capital position, and provide a benefit to bank employees. The article explains the dynamics of ESOP transactions and outlines a systematic approach banks should take when establishing an ESOP.

Read the full article here.

Schembari concentrates his practice primarily on employee benefits, executive compensation, tax, corporate and privacy law. He works with private, public and governmental employers on their qualified and nonqualified retirement plans, employee stock ownership plans, insured and self-funded health plans, executive and incentive compensation programs and other equity-based compensation arrangements.