More than four decades of experience handling legal and practical issues in the business and financial world enables the firm to offer financial institutions an unusual depth of support and an extensive understanding of the financial institution regulatory process.

We are an established leader in the financial institutions industry, having counseled hundreds of financial institutions on a wide variety of transactional, regulatory, and compliance matters. We also represent financial services companies in the areas of insurance, consumer finance, and mortgage banking. We have leveraged our experience in corporate and securities matters, mergers and acquisitions, executive compensation and employee benefits, and financial institution regulatory matters to build a national reputation for delivering innovative solutions to our financial institution clients.

Our attorneys have held positions with Federal regulatory agencies, including the Federal Reserve Board, the Office of Thrift Supervision, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Consumer Financial Protection Bureau, and the Securities and Exchange Commission. This experience is invaluable as the firm regularly represents clients before these Federal regulatory agencies and various state banking, insurance, and financial regulatory agencies.

We work with private investors, including private equity funds, hedge funds and international investors, to develop appropriate structures for acquiring financial institutions, both healthy and troubled. We represent businesses and investors in all aspects of chartering de novo banks and thrifts and continue to advise such institutions through their start-up period and beyond on corporate, regulatory, and securities matters.

We counsel clients on the various programs implemented by the government under the Emergency Economic Stabilization Act of 2008. We represent numerous clients participating in the Treasury Department’s Capital Purchase Program and related issues, including executive compensation, and clients participating in the Federal Deposit Insurance Corporation’s TLGP. We also assist financial institutions, as well as private investors, in acquiring the deposits of troubled financial institutions and in bidding on assets held by the Federal Deposit Insurance Corporation.

Our experience working with mutual financial institutions is unsurpassed. We are the leading firm in representing mutual financial institutions in their conversion to stock form, having been involved in the issuance of more than $6.7 billion of common stock for such companies. As both issuer’s counsel and underwriter’s counsel, we also have worked on numerous mutual holding company reorganizations and second-step conversions.

Banking & Credit Unions

Experience Highlights

Executive compensation and employee benefits matters for a Philadelphia holding company
Represented a Philadelphia financial institution on executive compensation and employee benefits matters. Assisted in the design and drafting of a more
Formation and capitalization of a North Carolina commercial bank
Represented the organizers of a de novo North Carolina bank, which specializes in lending to venture capital-backed businesses, in obtaining a more
Multiple public offerings for New York Community Bancorp Inc.
Represented New York Community Bancorp Inc. in multiple financings, including its initial public offering,  three follow-on public stock offerings more
Underwriter's counsel for Keefe Bruyette & Woods in a $122 million public offering
Represented underwriter, Keefe Bruyette & Woods, in the $122 million initial public offering by Territorial Bancorp Inc. more

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