Law360, New York ( October 9, 2014, 10:41 AM EDT) -- In 2006, FMB Bancshares Inc. — as did many other bank-holding companies before it — entered into a trust-preferred transaction, which is a two-tiered debt structure whereby — in the first instance — the holding company issued debentures that were to be sold to a newly created statutory trust. The trust, a separate legal entity from FMB, the holding company, issued its own preferred (or capital) securities (trust-preferred securities, or TruPS), which were sold to investors, and common securities, which were sold to FMB....
Law360 is on it, so you are, too.
A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.
A Law360 subscription includes features such as
- Daily newsletters
- Expert analysis
- Mobile app
- Advanced search
- Judge information
- Real-time alerts
- 450K+ searchable archived articles
And more!
Experience Law360 today with a free 7-day trial.