Atlanta Associates Ken Achenbach and Mike Shumaker authored an article concerning trust preferred securities (TruPS) Sept. 5 on TruPS have constituted a significant percentage of the capital of many financial institutions for years. “Even in the chaos of the Great Recession, standard TruPS terms allowed for the deferral of interest payments for up to five years, easing institutions’ cash-flow burdens during those volatile times,” they wrote. “However, with industry observers estimating that approximately $2.6 billion in deferred TruPS obligations will come due in the coming years, many institutions are now considering alternatives to avoid a potential default.” Click here to read their full article.