Send
Bankers changing jobs from one bank to another is nothing new. The volume of moves may ebb and flow over time, and we have witnessed this in the Arkansas market for years. While risk is inherent in any move, bankers and their new employers are advised to consider a few steps to mitigate legal risks. A recent Federal Reserve lifetime ban on two Wyoming bankers is an alarming reminder of the severity of these risks.
Banks routinely impose some limits on departing employees, typically confidentiality or nondisclosure agreements to protect bank trade secrets and proprietary and customer information. Restrictions that completely prohibit an exiting employee from engaging in the banking business are rare in the Arkansas market. Most common are restrictions on management-level employees impacting their ability to solicit customers and other employees.
Friday Eldredge & Clark Adds Hollinger (Movers & Shakers) arkansasbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arkansasbusiness.com Daily Mail and Mail on Sunday newspapers.
When it comes to new mask guidelines, employers are in the best position to evaluate the needs of their business and the potential risks to their employees, vendors and customers.
Bret Bielema
The Razorback Foundation and former University of Arkansas football coach Bret Bielema have settled their dispute over Bielema s 2017 buyout.
According to a joint statement issued Friday, Bielema has agreed to a final $3.5 million payment from the foundation foregoing an additional $3.85 million he sought under a federal lawsuit he filed in June. We believe the resolution of this matter is in the best interest of the Razorback Foundation and our membership, said Scott Varady, executive director of the Razorback Foundation. We wish Coach Bielema and his family the best moving forward. I am pleased to announce the resolution of our differences with the Razorback Foundation, Bielema said. We wish everyone in Razorback Athletics nothing but the best in the years to come.