S-Corporation Banks Reap Biggest ESOP Benefits

February 16th, 2017
Small, closely-held banks face a lot of challenges in today’s highly consolidated and rapidly changing marketplace, but there’s one advantage they have over many other banks, including those that are publicly traded: When combined with an S-corporation organizational structure, Employee Stock Ownership Plans, or ESOPs, provide a level of retirement benefit to their participants that neither C-corporation ESOPs or any other qualified retirement pl...

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Jack Milligan is editor-in-chief of Bank Director, an information resource for directors and officers of financial companies. You can connect with Jack on LinkedIn or follow @BankDirectorEd on Twitter.