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Another Community Bank Forms ESOP
Mar 11, 2019 | Timothy L. StewartNearly 100 employees working at RiverWood Bank have a new stake in their company. In the past several months, the company serving nine cities in north central Minnesota has launched an employee stock ownership plan, or ESOP. Read More About Another Community Bank Forms ESOP -
California Ceramics Company Goes ESOP
Jan 29, 2019 | Timothy L. StewartIconic California ceramics company, Heath, considered several options before determining that selling part of the Company to its employees using an ESOP was the best option. Read More About California Ceramics Company Goes ESOP -
Fund for Employee Ownership Started in OH
Nov 16, 2018 | Timothy L. StewartEvergreen Cooperatives is launching the Fund for Employee Ownership aimed at supporting the conversion of existing businesses to cooperatives or ESOPs. Read More About Fund for Employee Ownership Started in OH -
As described in this St. Louis Post-Dispatch article, the owner of USA Mortgage, Doug Schukar, became concerned when some of his top producers resigned. Their reason? Employees feared the instability that comes without an announced and certain success. Read More About St. Louis-Based Mortgage Firm Answers Wake-Up Call with ESOP
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Historic Pro-ESOP Bill Signed into Law!
Aug 16, 2018 | Timothy L. StewartFor the first time in 21 years, the U.S. Congress passed a law to expand employee ownership. In particular, this law facilitates loans in ESOP transactions through the Small Business Administration (SBA). Read More About Historic Pro-ESOP Bill Signed into Law!