The Jumpstart Our Business Startups Act (JOBS Act) enacted in April 2012 raised the shareholder registration and deregistration thresholds for banks. Now community banks with fewer than 2,000 shareholders of record do not need to register to become a public company and those with less than 1,200 can deregister. Diana moderated a recorded telephone briefing about issues bank boards should consider before going private, including costs, market liquidity, and impact on future capital raising.