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Where: The Westin Chicago River North, 320 North Dearborn, Chicago, Illinois  60654 Tel. (312) 744-1900

Register: https://www.ilbanker.com/default.aspx

Topis Covered:

· Illinois Update – Recent Developments in Banking Law and Litigation. New Illinois versions of SCRA and HOEPA, more Power of Attorney Act changes, still broiling mechanics lien issues, foreclosures, voidable mortgages, eminent domain, debtors prisons, new trust laws, a Dodd-Frank update, Basel III, major court decisions, and as always, much more!

· Regulatory Roundtable. Senior representatives from the regulators – the FDIC, OCC, Federal Reserve Bank of Chicago and IDFPR Division of Banking – discuss their latest “hot button” legal issues. Not to be missed!

· CFPB Redux – The Year Behind and Looking Ahead. The Consumer Financial Protection Bureau has grown tenfold in the past year, adding hundreds of employees (and counting), transferring rules, publishing studies, producing thousands of pages of proposed new rules, tagging along on exams, beginning its own exams and diving into enforcement actions. How will your clients – large and small – handle CFPB inquiries and keep pace with the torrent of regulations that will be adopted next year? Learn about the CFPB’s infrastructure, culture, upcoming rules and its plans for the banking industry’s future!

· Heady Times for High Tech Banking – And New Client Headaches. From online banking to mobile banking to mobile payments to remote deposits to third party apps to social networks to cloud computing . . . there’s a river running through your clients. Sooner or later every bank jumps on the next boat – but what about the legal risks? Data mining, phishing, viruses, malicious applications, carelessly saved information, misdirected communications, and what of vulnerabilities yet to be discovered? How can you help your bank clients deploy emerging technologies while meeting regulatory expectations and minimizing their liability?

· Commercial Lending Update – The Latest in State & Federal Court Decisions. Courts are still scrutinizing commercial lending in striking detail. New lender liability theories, cracks in the Credit Agreements Act, tolling the statute of limitations on negotiable instruments, title insurer liability for not disclosing judgments, creditors’ liens on unrecorded contracts, and more! Plus nominations for worst decisions of the year! · Consumer Banking Law Update – Reprise or Revolution? The latest in lawsuits, court opinions and regulatory enforcement actions covering disclosures, UDAAP, fair lending, third party service providers, arbitration, overdrafts, mortgage lending, privacy, data security . . . . These are a few of our ongoing themes, and they keep on going . . . and growing!

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“We are very excited about the addition of Paramount, which greatly increases Xten’s production capabilities and substantially expands our customer base,” said Matthew Davidson, Xten CEO and Co-founder.

Founded in 1990, Paramount Plastics grew rapidly, establishing a solid reputation as a reliable large tonnage automotive supplier. Within Paramount’s 122,000 square foot facility are presses ranging from 60-2,000 tons, with shot capacities from 5 grams to 26 lbs. A variety of robotic automation supports the production of parts sold into the industrial, consumer durable, health and fitness, automotive and packaging markets.

“In addition to the larger equipment, we’ve gained the operational expertise of Paramount’s people,” said Bill Renick, Xten’s president and operations leader. “Out of the due diligence process, we came to realize how much they have contributed to Paramount’s success and feel fortunate to have them now within the Xten family.”

“One of the qualities both Xten and Paramount share is our dedication to providing exceptional service,” said Davidson. “Given this common focus, we’re certain Paramount’s current customers will notice no decline in our ongoing support.”

Levin Ginsburg Attorneys at Law served as legal counsel to Xten Industries. Stevenson & Company advised Paramount Plastics and Chuhak & Tecson Attorneys at Law served as their legal counsel.

COMPANY INFORMATION:
Xten Industries, an ISO 9001:2008 certified company, was founded in 1940 and moved to Kenosha in 2002. Xten is a $45 million injection molder and full-service product fabricator, recently named Kenosha County’s 2011 Business of the Year. Due to significant manufacturing efficiencies, Xten has proven to be competitive with Asian and other outsourcing alternatives. In addition, Xten and all its employees strive to be an extension of their cucustomers, assembling finished products and drop shipping those directly to ultimate users. The company offers many auxiliary services including part and tool design assistance, engineering, finishing, in-mold decorating, assembly, and packaging, along with inventory management and logistics solutions. Xten’s mission is to deliver outstanding products on time, at a fair price, working safely in an enjoyable atmosphere while proving that manufacturing can thrive in the United States. For more information on Xten, please visit www.xtenindustries.com or Xten’s headquarters in Kenosha, WI.

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