Banclist

non-publicly held banks are facing increasing risks when they maintain a private list of their shareholders. sharing unpublished information about the bank’s stock with a few shareholders exposes the bank, its management and directors to potentially serious liability. simply answering one shareholder’s question without notifying every shareholder with the same information puts the bank at risk. the threat and penalty of litigation can affect the bank’s reputation and financial performance. in some cases banks can face civil and criminal penalties. one of the fastest growing bank services companies today, banclist (bl) provides privately held financial institutions and their shareholders (and other authorized users) with an easy-to-use web-based posting service that replaces the list. bl lets shareholders post notices of their intent to buy or sell their bank stock and keeps the bank out of the negotiation process – the way transactions are supposed to occur. not only does bl provide a