Edward C. Renenger Presents at the Pennsylvania Association of Community Bankers Annual Convention
READING, PA, Sept. 11, 2014 – Stevens & Lee Shareholder Edward C. Renenger presented at the Pennsylvania Association of Community Bankers Annual Convention held September 5-8, 2014, in Amelia Island, Florida.
Mr. Renenger presented “Valuation and Liquidity – Common Challenges Many Community Banks Face,” which focused on the challenges facing banks in the post-recession environment. The session addressed current themes in valuation, shareholder value and shareholder liquidity. The speakers also discussed sources and uses of liquidity, as well as some unique concepts, including using an employee stock ownership plan in the creation of shareholder liquidity.
Mr. Renenger is an employee benefits attorney who concentrates his practice on ERISA and qualified retirement plans. He provides particular expertise on the feasibility, design, implementation and administration of employee stock ownership plans (ESOPs) for both Subchapter S Corporations, as well as Subchapter C Corporations. Mr. Renenger’s ESOP practice focuses on the entire range of ESOP-owned companies, from companies that are wholly owned by the ESOP Trust, to publicly traded companies in which the ESOP Trust has a minority interest.
Mr. Renenger also advises clients on the structure and administration of defined benefit pension plans and defined contribution plans, including 401(k) plans. In addition, he guides clients through the retirement plan correction programs and, in this capacity, regularly acts as legal counsel before the Internal Revenue Service and Department of Labor.