Treasury circulating to #ECIP recipients TRO on Trump's executive order pausing federal awards and obligations. Appears required by court order, but should have no effect on #ECIP given status of program (i.e. awards already disbursed).
BankFirst Capital Corporation Signs Significant ECIP Securities Agreement with U.S. Treasury #Treasury #BankFirst #ECIP
Deadline for #ECIP participants to sign purchase agreements under the Treasury's disposition policy is this Friday, January 20th. We believe all participants should execute, even if they don't expect to meet any of the thresholds for early disposition. Happy to answer any Q's.
Understand an updated #ECIP FAQ is forthcoming that will confirm that a transaction selling the ECIP by a Mission Aligned Nonprofit Affiliate will not be a Deemed Exchange, thereby avoiding thread of double jeopardy on disposition.
Every #ECIP recipient should be looking to sign Treasury's ECIP Securities Purchase Option Agreement, regardless of whether they anticipate qualifying for early disposition. Agreement provides several tangible benefits to ECIP participants wholly separate from early disposition. We can help!
Treasury has published the first draft of the #ECIP Disposition Agreement.
home.treasury.gov/system/files...
Treasury just published its final #ECIP Disposition Guidelines. home.treasury.gov/system/files...
