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Nicole, The merger, rebrand, acquisition depends on how and who owns the controls for the due diligence. Rebranding is generally a simple name change, nothing in the underlying control framework changes. Therefore, updates to your database regarding ...

Nicole, you will need to take your lead from your vendor on which due diligence to use and when it is available for mergers, acquisitions (M/A), and rebrands. Those are determined by the time of year the event occurred and whether the products involved ...

Hi Carly, While I'm not a community bank I can tell you how we see our clients working to create bridges with their marketing teams using our Nlending systems! If your marketing team has address information regarding their marketing (like if they ...

I'm interested in hearing how others account for third-party relationships that have rebranded, merged, or been acquired? Specifically, when a third-party changes name or ownership: From which entity do you obtain due diligence (legacy name vs. new ...

Good Afternoon, Curious how other community banks are tracking marketing and outreach from a Fair Lending/CRA perspective. Ideally, we'd love for our marketing team to have analytics and reportable metrics to provide to us regarding what census tracts ...

What's your process when a vendor goes radio silent on due diligence requests? First- I make sure the requirements are outlined in the agreement and the frequency for right to audit (not less than annually for critical vendors). My team will make ...

Yes, using the counter signature date is generally correct because the contract becomes legally binding only once both parties have signed. This is the usual procedure in my bank

This message was posted by a user wishing to remain anonymous Thank you everybody for the feedback. In some cases, our contracts don't have an effective date. In those cases, I will use the last party's signature as the contract date. Thank ...

Stanley is correct in the explanation of effective date. ------------------------------ Nicole Keefe SVP, Enterprise Risk Manager Risk Management Department 445 Pine Avenue, Goleta, CA 93117 Office Phone: 805-690-3255 | Cell Phone: 805-452-0379 Email:nicole.keefe@communitywestbank.com ...

Some prefer to use language such as "as of the date of the last signature" to avoid confusion.

Stanley, Agreed on that point. the contract should have an effective date defined in the content of the contract, and best practice would have review and signatures occur before initiation of services to avoid any confusion.

Hi, I do not believe you are correct. If the contract has an effective date, say January 1, even if one party signs January 10 and the other signs January 20, the contract obligations took effect on January 1, that being the effective date. This is ...

Just my experience: an MSA is often written with an "effective date" defined in the contract, i.e. wording such as "...this MSA is effective as of 05/31/2024..." in which case the effective date of contract would be that date, regardless of executive ...

This message was posted by a user wishing to remain anonymous Yes, I would say a fully-executed agreement is the only way to go. Correct, not valid unless signed by both parties.

If not mentioned in the agreement for a specific start date, then I would use the date that the agreement became fully executed.

This message was posted by a user wishing to remain anonymous Have a question regarding the correct contract date. As below example shows, I have 3 different dates. Which one should I use as the contract date: This MASTER SERVICES AGREEMENT is ...

This message was posted by a user wishing to remain anonymous We use Concord Fax

Hi. We use xMedius. It is a a digital fax solution that allows users to send and receive faxes through email. It is convenient to send a fax, via email. I think it is a good solution. ------------------------------ -Nicole ------------------------ ...

When we got rid of fax machines, we started using Faxage.

This message was posted by a user wishing to remain anonymous Hi all, we have one old school fax line left at one of our branches and it seems they fax around 10 times a month and most faxes are from the State or something for HR. I would like to ...