Ballard Spahr Andrews & Ingersoll, LLP will present a teleconference titled "The TARP Capital Purchase Program for Privately Held Banks, Thrifts, and Their Holding Companies," on Friday, November 21, from noon to 1 p.m. ET.

Members of Ballard's Capital Purchase Task Force—Alan Kaplinsky, partner-in-charge of the Banking and Consumer Financial Services practice; Justin Klein, partner-in-charge of the Securities practice; and Mary Mullany, co-vice chair of the Securities practice and a member of the Employee Benefits and Executive Compensation practice—will discuss how privately held banks can participate in the U.S. Department of the Treasury's Capital Purchase Program, which was created to increase the flow of financing to U.S. businesses and consumers to help strengthen the nation's economy.

The December 8 deadline to enroll in the TARP program is quickly approaching, and there are a number of important factors privately held, FDIC-insured banks, savings associations, savings banks, and their holding companies need to consider before participating. Ballard lawyers will cover these factors, including an explanation of the program; how banks can benefit; potential pitfalls of the program; legal considerations, including bank regulatory issues, corporate matters; and executive compensation considerations.