R.K. Schaaf Offers ESOP Web Solutions
R.K. Schaaf Associates, Inc. is one of the oldest ESOP companies in the country – Rainer Schaaf founded it in 1975, not long after ESOPs were first defined in federal law. However, since its inception, the firm has kept abreast of new technology to make ESOP administration easier and less intimidating.
For the extra convenience of its clients, R.K. Schaaf offers a cutting-edge web portal called MyESOPBenefits that allows them to store documents, keep ESOP records, transfer disclosure forms, fine-tune employee access to ESOP data, set up an easy communication hub for all ESOP plan participants and much more. All Schaaf web services are secure, confidential, and adhere to the strictest privacy standards.
Katten Muchin Rosenman Ranked #3 Issuance Counsel in the USA
Financial firm Katten Muchin Rosenman, listed on ESOP Marketplace, has recently been awarded a top 5 ranking among US-based issuer counsel for asset-based and mortgage-based securities.
The publication Asset-Backed Alert released its annual list of issuer counsel rankings in the middle of February. Katten is pleased to report that the firm was ranked 3rd on the list, tying Kirkland & Ellis in the number of deals, and almost doubling the total dollar amount compared to the previous year, exceeding $20 billion in 2012.
In 2013, Katten looks forward to another bumper year for its issuance counsel business.
First Bankers Trust Helps Town Refinance Bond
First Bankers Trust is based in Quincy City, Illinois, and recently helped the city save a significant sum by refinancing a construction loan that city authorities had taken out to build Oakley Lindsay Center, a major regional convention hub in the area between St. Louis, MO and Iowa City.
The convention center opened in 1995, at a cost of $8 million. This year, the city still had $825,000 in principal left to pay on the bond sold to finance construction, at 5.75% annual interest. First Bankers Trust refinanced the city’s loan at an annual interest rate of 1.2%, which promises to save the city over $72,000 over four years.
First Bankers Trust is proud to help its home town manage its budget in a more efficient manner.