By Jesse M. Coleman and Eron Reid

Seyfarth Synopsis: On March 21, 2024, the Federal Deposit Insurance Corporation (“FDIC”) approved a Federal Register notice seeking public comment on its proposal to revise its current Statement of Policy on Bank Merger Transactions. Among the proposed revisions, the agency’s proposal will prohibit non-compete agreements in bank mergers in which the selling bank is

Continue Reading FDIC Updates Bank Merger Guidance to Include Non-Compete Ban

By Marcus Mintz and Andrew Escobar

Seyfarth Synopsis: Effective January 1, 2020, Washington enacted a noncompete statute which, among other things, required employers to satisfy notice obligations and compensation thresholds to use noncompete agreements with employees and independent contractors. As we previously described.

Washington’s original statute:

  • Requires advance notice of non-competes “no later than the time of the acceptance
Continue Reading Amendments To Washington State’s Noncompete Statute Go Into Effect June 6, 2024