Banking

Experience

  • Transactions

    • Citizens Financial in its acquisition of Franklin American Mortgage.
    • Assured Guaranty in its acquisition of a minority interest in Rubicon Infrastructure Advisors.
    • Citizens Financial in its acquisition of Western Reserve Partners, a merger and acquisition advisory firm.
    • Admirals Bank, a private equity-sponsored bank, in its merger to form Bank & Trust Company of Boston, and its concurrent spinoff of a nationwide solar lending business.
    • Fifth Third Bank in the sale of its Pennsylvania branch presence to First National Bank of Pennsylvania, and the sale of its Missouri branch presence to Great Southern Bank.
    • Canada Pension Plan Investment Board in its $12 billion acquisition of GE Capital’s sponsor lending business, including Antares Capital, the leading lender to middle market private equity sponsors in the U.S.
    • Rochdale Investment Management in its sale to City National Bank.
    • A private equity sponsored bank in its purchase of over $1 billion of loans from a Wall Street bank.
    • FNBNY Bancorp and its sponsor, Modern Capital Partners, in FNBNY’s acquisition of Madison National Bancorp and its subsidiary, Madison National Bank.
    • J.C. Flowers in its role as financial adviser to Bank of America in its agreement to acquire Merrill Lynch & Co. in a $50 billion all-stock transaction.
    • The acquisition of College Savings Bank, a New Jersey bank, and its pursuit of other banking franchises.
    • A management group in the establishment of a Northeast commercial banking franchise, with an expected capital raise of $600 million.
    • A minority bank in its solicitation of $500 million of capital to roll up minority bank franchises across the country.
    • A minority bank management group in acquiring a Mid-Atlantic or Southeast franchise, with an expected capital raise of $300 million.
    • A management group in its acquisition of Domestic Bank, a Rhode Island federal savings bank.
    • Private equity investors seeking to acquire stakes in numerous banking organizations, including Blue Ridge Bank, Opportunity Bancshares, Bay Cities National Bank, Bank of N.T. Butterfield & Son, East West Bancorp, and First Southern Bancorp.
    • Investors in the recapitalization of National City Corporation.
    • Principal Financial in its acquisition from Washington Mutual of WM Advisors, manager of approximately $26 billion in assets, including the WM Group of Funds.
    • Thrivent Financial in its sale of all the deposits and assets of its thrifts to a credit union.
    • Prudential Financial in the combination of its retail securities business, Prudential Securities, with Wachovia Securities to create the third largest brokerage firm in U.S. having combined client assets of $537 billion and in its $4.5 billion sale of such interest to Wells Fargo.
  • Financial Reform

    • The European Banking Federation in its response to the Office of the Comptroller of the Currency's request for public comment on how the Volcker Rule implementing regulations should be revised.
    • Numerous trade associations – including the American Council of Life Insurers, Financial Services Roundtable, Investment Company Institute and Risk Management Association – on Dodd-Frank legislative and rulemaking processes.
    • Major U.S. and European banks on Dodd-Frank implementation issues.
  • Litigation AND Investigations

    • American Express Bank International in the negotiation of a deferred prosecution agreement with the U.S. Department of Justice and enforcement orders with the Financial Crimes Enforcement Network and the Board of Governors of the Federal Reserve System.
    • The Bank of New York in the negotiation of a non-prosecution agreement with the U.S. Attorney’s Offices for the Southern District and Eastern District of New York and a regulatory agreement with the Board of Governors of the Federal Reserve System.
    • A global financial institution in a data privacy internal review and related advice in response to Federal Reserve examination.
  • International

    • J.C. Flowers in Shinsei Bank's proposed, later terminated, $5.9 billion merger with Aozora Bank.
    • The supervisory board of ABN Amro in its €72 billion combination with a consortium led by Royal Bank of Scotland, and the $21 billion sale of its LaSalle Bank subsidiary to Bank of America.
    • UFJ Holdings in its $41 billion combination with Mitsubishi Tokyo Financial Group, creating the world’s then largest bank, and ongoing cross-border regulatory matters.
    • Itaú Unibanco in its $10 billion global medium-term note program.
    • AXA Financial in its $1.5 billion acquisition of The MONY Group.
    • Ripplewood Holdings, Eton Park Capital Management and RHJ International in the sale of a 9.9% interest in Commercial International Bank to Actis for $244 million.
    • Westpac in its $1 billion offering of stapled preferred securities in Australia, which includes a perpetual subordinated note issued by the New York branch and perpetual preferred shares issued by Westpac.