We've only worked with Carla for a year; we've found her to be exceedingly knowledgeable in the areas of ESOP administration and ESOP law. She's very easy to communicate with and very accessible. She's been most helpful for us in an advisory, consulting capacity, in...
I rate Carla Klingler as a 5! She is wonderful. I have worked with Carla on our ESOP since 2004. ESOP administration can be very confusing, to say the least, and the laws seem to be constantly changing. I have found Carla to be extremely knowledgeable about the...
We met John last January, have known him for 7 months now. He was the quarterback when we were putting together our ESOP deal. He's very knowledgeable and seemed to know everything that went on with the ESOP; more importantly, he referred us to other people who were...
The Modern ESOP and Fair Market Value After the End of Tax Cuts by Keith D. Butcher, John A. Kober, and Jason C. Ray Read in PDF format
This $7,000,000 transaction allowed the ESOP to purchase of 51% of the company's stock from its two owners. The buyout was structured through a term note and line of credit. Additionally, we provided the company with a working capital line of credit to assist with the...
The purpose of this transaction was to finance the purchase of the remaining 52% of the company stock from various shareholders of the company. First American Bank took advantage of the company’s strong cash flows and implemented a line of credit two-way sweep, coupled...
First American Bank was able to refinance the existing ESOP debt and liquidate the seller notes from the original ESOP financing that had been issued to support the purchase of 53% of the company stock by a previous ESOP. In addition, working capital needs were met and...
So, You’re An ESOP Trustee By Tracy E. Woolsey and Glenn W. Ball Many trust companies and departments find themselves acting as trustees for a relatively small number of employee stock ownership plans (ESOPs). These plans are highly regulated and require a trustee to...
Robert Hicks gets my highest rating, I would enthusiastically recommend him to anyone who needs ESOP work. He's connected to the ESOP community, including many legal advisors, and he knows where to get answers, and how to get them. He stays abreast with changes in...
Chris does valuations of our company stock, his analysis is detailed and comprehensive, and I can always trust the number he comes up with. He's valued our stock since 2004, and in all the years, we've been very happy with his performance.