Marcellus Shale
Telephone Seminar

Presented by Bryn Mawr Trust Company
September 22, 2010, 10:00 - 11:30 am

Business Opportunities for Community Bankers Stemming from the Marcellus Shale

The economic impact is enhanced financial strength, as evidenced by increased household incomes and personal wealth resulting in a demonstrable increase in demand for (1) personal banking depository services, leading to increased deposits; (2) sophisticated trust & estate planning, asset protection, and wealth transfer strategies (e.g. “Sudden Money”) (3) attractive tax preferred jurisdictions (e.g. State of Delaware).

In addition, institutional fee-based transaction services and solutions solicited by: (1) local drillers and operators; (2) local attorneys; (3) landsmen; (4) out-of-state/country companies operating in the region; (5) buyers/sellers (6) Federal, State and local regulatory authorities and government officials.

Marcellus Shale development will pump $14.17 billion into the state’s economy in 2010 and create more than 98,000 jobs, while generating $800 million in state and local tax revenues, according to an economic study completed by the Pennsylvania State University for the Marcellus Shale Committee and the Pennsylvania House Natural Gas Caucus. The study notes a consistent increase in annual drilling, and projects a $25 billion contribution to the 2020 PA economy. The Seminar agenda is:

1. Background: Marcellus Shale Regional Analysis & Impact on Depository Institutions
   Mark R. McCollum, Senior Managing Director, Griffin Financial Group
   
   Focus of this segment will be on economic impacts and correlating considerations, including but not limited to capital markets needs.


2. Legal Considerations
   Susan LeGros, Esq., Stevens & Lee
   
   Marcellus Shale development presents multiple legal issues including surface and land use rights, environmental compliance, zoning and local regulations, contracts and service agreements, and energy lending and financing. This overview of legal issues will explain the regulatory context as it effects community banks.


3. Unique Risk Management Considerations
   John R. Capasso, CPA, PFS, Captive Planning Associates
   
   There are unique risks for drillers and operators that are uninsurable or cost prohibitive to insure. This raises the need to explore alternative risk financing strategies. A Captive Insurance Company can be such a vehicle to insure risks including Construction Design and Defect, Anti-Trust, Unfair Competition, Administrative & Judicial Delays (permits), Service Contracts, Environmental Liability, Economic Risks, etc.


4. Bank Referral Program
   Robert W. Eaddy, SVP, Bryn Mawr Trust Company
   
   BMTC, a trusted service partner, to support the trust, agency custody, asset management, et. al. needs of in-market community banks and their clients.


5. Conclusion
   Q&A, Wrap up and Key Take-aways

This seminar should not be construed as providing specific legal advice.

Registration Fees...

You can REGISTER ONLINE for PACB seminars and conferences.

Once your registration has been received, you will be sent dial-in instructions and a handout for the telephone seminar via email. The telephone seminar allows you to have one telephone connection and allows unlimited listeners on your office speaker phone. If you have any questions regarding the seminar or registration, please call Sue Murray, PACB Director of Education, at (717) 231-7447 or email sue@pacb.org.