OCC Hosts Web and Telephone Seminar on Small Business Investment Companies

WASHINGTON — The Office of the Comptroller of the Currency will host a live Web and telephone seminar from 2 to 3:30 p.m. (EST) on February 15, 2012.

The seminar will focus on how SBA-licensed Small Business Investment Companies (SBIC) work and how they might be a viable investment option for national banks and federal savings associations.

“The SBIC program provides an opportunity for banks to provide capital through privately owned and managed investments funds to small businesses that otherwise might not be able to finance their growth.  SBIC investments may also be positively considered in a bank’s Community Reinvestment Act evaluation,” said Acting Comptroller of the Currency John Walsh.

During the seminar, online and phone participants will hear presentations from, and have an opportunity to pose questions to, panelists Barry Wides, OCC Deputy Comptroller for Community Affairs; Robert McE. Stewart, General Partner, Spring Capital Partners II, L.P.; Sean Greene, Associate Administrator and Special Advisor for Innovation, Small Business Administration; and Carl Kopfinger, Senior Vice President, TD Bank, N.A.

This seminar is part of the OCC’s educational outreach program. The program provides opportunities for the banking community to interact with the OCC and other governmental experts and industry professionals. The cost of the seminar is $115 for national banks and federal savings associations and $150 for other participants.