Banks appear eager to snap up thrifts; potential benefits must not blind acquirers to unique legal restrictions and business considerations these combinations involve

Article Abstract:

Bank acquisitions of thrift and thrift holding companies are part of the mergers-and-acquisitions fever which has seized the financial services industry in the late 1990s. The advantage for a bank in buying a thrift is the low-cost deposits which it can leverage into profitable commercial loans, as well as the new customers for products and services less likely to be offered by thrifts. Lending diversification is another big advantage. Acquiring the thrift's mortgage-related assets dilutes the bank's emphasis on commerical lending, thereby reducing credit concentration risk.

United States, Banking industry, Mergers, acquisitions and divestments, Financial services industry, Financial services, Savings and loan associations

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Developers get bad news on impact fees

Article Abstract:

1992 federal and California appellate decisions show how the Nollan decision may be applied in evaluating exaction fees for real estate development. In Commercial Builders v Sacramento, the 9th Circuit upheld exaction fees on commercial real estate development to fund housing for the poor. The court did state that there had to be a connection between the development and the issue the exaction hoped to solve. In Blue Jeans Equities West v City and County of San Francisco, a California appellate court upheld an exaction to pay for municipal public transit.

Cases, Laws, regulations and rules, Real estate development, Impact fees, Exaction fees

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