Mandatory FFCRA Leave Payments Ride off into Year-End “Sunset,” but Employers Can Opt to Voluntarily Continue FFCRA Payments and Receive Payroll Tax Credits through March 31, 2021. The Families First Coronavirus Response Act (“FFCRA”)—a federal law passed in March 2020 at the outset of the Coronavirus pandemic—created new categories of temporary paid leave entitlements for […]

LINKBANCORP, INC. AND GNB FINANCIAL SERVICES, INC. ANNOUNCE STRATEGIC COMBINATION December 10, 2020   HARRISBURG, PA— LINKBANCORP, Inc. (OTC Pink: LNKB) and GNB Financial Services, Inc., (OTC Pink: GNBF) today announced the execution of a definitive agreement to combine in a stock and cash transaction, creating a leading Pennsylvania community bank with assets in excess of […]

Pillar+Aught advised PNC FIG Advisory in its role as joint-placement agent for FineMark Holdings, Inc., the holding company for FineMark National Bank & Trust, in connection with the successful completion of a $21.3 million private placement of fixed-to-floating subordinated notes to certain qualified institutional buyers and institutional accredited investors.  Co-founder Ken Rollins led the Pillar+Aught […]

Pillar+Aught advised Asian Financial Corporation, the holding company for the Asian Bank, Philadelphia, PA, in connection with the successful completion of a $10 million private placement of 5.5% fixed-to-floating subordinated notes on November 2, 2020.  Co-founder Ken Rollins led the Pillar+Aught team.  The official press release can be found here: https://news.yahoo.com/asian-financial-corporation-announces-pricing-140000632.html

Pillar+Aught advised PNC FIG Advisory, part of PNC Capital Markets LLC, in its role as sole placement agent for UFS Bancorp, a Massachusetts mutual holding company, in connection with the successful completion of a $10 million private placement of 4.5% fixed rate, non-callable, senior notes on September 30, 2020.  Co-founder Ken Rollins led the Pillar+Aught […]

On September 30, 2020, Lindsey was presented with a PA Bankers Association’s 202 H.Y.P.E. (Highlighting Young Professionals’ Excellence) Award for her excellent work represent Pennsylvania’s financial institutions.  Congrats Lindsey!

Pillar+Aught co-founder Todd Shill served as production counsel on the Netflix series “Deaf U” premiering on October 9, 2020.  The show was produced by Nyle DiMarco and Hot Snakes Media. https://www.tvguide.com/news/the-deaf-u-trailer-your-new-obsession/ https://www.nytimes.com/2020/09/04/arts/television/what-to-watch-tv-shows.html https://www.usatoday.com/story/entertainment/tv/2020/09/14/fall-tv-preview-7-new-tv-shows-worth-watching/5749899002/ https://www.lamag.com/culturefiles/fall-preview-movies-tv-music/ https://www.indiewire.com/2020/08/deaf-u-deaf-culture-on-display-netflix-series-1234577933/

Pillar+Aught co-founder Todd Shill served as production counsel on the Discovery Channel Shark Week show “Extinct or Alive: Land of the Lost Sharks” premiering on August 11, 2020 at 8 pm EST.  The show was produced by Hot Snakes Media. Shark Week is an annual, week-long programming block on the Discovery Channel.  Since 2010, it […]

The U.S. Supreme Court, in a historic 6-3 decision, held that an employer who fires an individual merely for being gay or transgender violates Title VII of the Civil Rights Act of 1964, which, among other things, prohibits employment discrimination “because of … sex.” The argument before the Supreme Court in Bostock v. Clayton County, […]

During this unprecedented time of disruption and change due to the COVID-19 pandemic, lending institutions are seeking to provide much needed relief to their customers with respect to their mortgage and other loan payments, but the process is complex.  Regulatory guidance on processing loan modifications and other relief options is being updated almost daily, and […]