News Releases

November 23, 2020
KEN ROLLINS ADVISES PLACEMENT AGENT IN $21.3 MILLION SUB DEBT ISSUANCE
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 […]
November 3, 2020
KEN ROLLINS ADVISES ASIAN FINANCIAL CORPORATION IN $10 MILLION SUB DEBT ISSUANCE
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
October 7, 2020
Ken Rollins Advises Placement Agent in $10 Million Debt Issuance
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 […]
August 11, 2020
Todd Shill Served as Production Counsel on Netflix Groundbreaking Series “Deaf U
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/
August 11, 2020
Todd Shill Served as Production Counsel on Discovery Channel Shark Week Show
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 […]
June 15, 2020
SUPREME COURT FINDS TITLE VII PROTECTS SEXUAL ORIENTATION AND GENDER IDENTITY
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, […]
April 2, 2020
COVID-19 Related Regulatory Guidance and Relief Options for Mortgage and Home Equity Lenders
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 […]
March 30, 2020
THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT (CARES ACT) SUMMARY
The Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) was passed by the U.S. Senate on Wednesday, March 25, 2020, the U.S. House of Representatives on Friday, March 27, 2020 and signed by President Trump later that day. The CARES Act is an 880-page piece of legislation with an estimated $2 Trillion price […]
March 19, 2020
Families First Coronavirus Response Act Summary
CLIENT ALERT “Families First Coronavirus Response Act” On March 18, 2020, President Trump signed the “Families First Coronavirus Response Act” into law.  Two major provisions of the FFCRA—each of which are Acts themselves—have a direct and immediate impact on leave issues and the corresponding payment obligations that employers are currently facing.  While the Secretary of […]