Banking

Fact Sheet

Experience

  • Clean Tech | Renewable Energy

  • Transactions

    • M&T Bank Corporation in the sale of its Collective Investment Trust business to Madison Dearborn Partners.
    • Total Financial Solutions (d/b/a Total Bank Solutions) in its merger with Reich & Tang Deposit Networks.
    • Atlas Merchant Capital in its investment in and strategic partnership with MarshBerry, a boutique investment banking and consulting firm.
    • Mizuho, a leading global bank, in its acquisition of Capstone Partners, a leading middle-market placement agent.
    • Canaccord Genuity Group, an independent, full-service financial services firm, in its acquisition of Sawaya Partners, an independent M&A advisory firm.
    • Oaktree Capital Management as a lead investor in the $890 million recapitalization of Patriot National Bancorp, parent company of a nationally chartered bank, in its merger with American Challenger, an entity formed in 2020 to establish a new digital national bank.
    • IDB Bank, the largest Israeli bank operating in the U.S., in the creation of IDB Lido Wealth, a strategic partnership and joint venture with Lido Advisors, a full-service, independent investment advisor.
    • Morgan Stanley, as financial advisor to Citizens Financial, in Citizens Financial’s acquisition of all of the outstanding shares of Investors Bancorp in a stock and cash deal for approximately $3.5 billion.
    • Citizens Financial in its acquisition of 80 East Coast branches and the national online deposit business from HSBC Bank USA, N.A.
    • BNY Mellon in its role as the depositary bank in Ignitis grupė’s €450 million offering, and listing on the London Stock Exchange. The listing was named by CEE Legal Matters among its 2020 Deals of the Year.icon-alt
    • BMO in its acquisition of Clearpool Group, a provider of holistic electronic trading solutions.
    • Fifth Third Bank in a strategic partnership with, and a minority investment in, Bellwether Enterprises, a FinTech commercial mortgage and multi family provider.
    • Citizens Financial in its agreement to purchase certain assets of Bowstring Advisors, an Atlanta-based M&A advisory firm.
    • Canaccord Genuity Group on its acquisition of Petsky Prunier, a preeminent boutique M&A advisory firm.
    • KeyBank in its acquisition of Laurel Road’s affinity-focused digital lending business.
    • Quarton International, an independent U.S. and European M&A advisory firm, in its sale to Cowen.
    • Citizens Financial in its acquisition of Clarfeld Financial Advisors.
    • 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.
    • Fifth Third Bancorp in its minority investment in NRT Technology Corp., a provider of cash access, kiosks, information services, cashless gaming and traditional banking services for casino operators.
    • Admirals Bank, a private equity-sponsored bank, in its merger to form Bank & Trust Company of Boston, and its concurrent spin-off of a nationwide solar lending business. (Terminated)icon-alt
    • 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.
    • Principal Financial Group in its transfer of $173 million of deposits to BofI Federal Bank.
    • 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 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 $740 million 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 the U.S. and in its $4.5 billion sale of such interest to Wells Fargo.
    • Westpac in the U.S. regulatory approval for its acquisition of J.O. Hambro Capital Management.

  • Financial Reform

    • A large financial institution on updating their overall wire agreements and disclosures in accordance with relevant federal and state regulatory requirements.
    • The Securities Industry and Financial Markets Association in submitting a public comment letter concerning the Consumer Financial Protection Bureau’s advance notice of proposed rulemaking on consumer access to financial records.
    • Edward Jones in obtaining an industrial bank charter.
    • A large financial services company in identifying complex domestic and cross-border Regulation W-implicating transaction flows and relationships, addressing the issue with regulators, and remediating compliance, risk management and governance frameworks.
    • A large global financial institution on applicable state licensing and registration requirements for purposes of engaging commercial banking business in the United States.
    • JP Morgan Chase in various regulatory matters relating to its retail securities business.
    • 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.
    • Société Générale in various broker-dealer regulatory matters.
    • Agent lender banks (including Bank of NY Mellon, Citi, JP Morgan, Goldman Sachs, Northern Trust and Morgan Stanley) in drafting industry standard forms, commenting on the recently finalized Qualified Financial Contracts regulations, and providing materials describing the approach to agent banks to present to their clients in front of regulators as part of the International Securities Lending Stay Protocol implementation.
    • A trade association in Congressional testimony on the Volcker Rule and FSOC accountability issues.
    • American International Group in the preparation of a Resolution Plan under section 165 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
    • Numerous trade associations – including the American Council of Life Insurers, Financial Services Forum, 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

    • A major financial institution in an investigation and civil action by a court-appointed receiver.
    • A Monegasque bank targeted by a production order relating to several of its clients in the context of a multinational bribery and money laundering investigation.
    • Sberbank in its successful challenge to the jurisdiction of the English High Court to hear a $300 million conspiracy claim brought by a subsidiary of Russian bank VTB.
    • Petro Poroshenko, the fifth President of Ukraine, in his victory in the High Court of England & Wales, successfully challenging the jurisdiction of the English courts to hear a $250+ million conspiracy claim brought against him and the former head of the National Bank of Ukraine, related to the nationalization and bail-in of PrivatBank, Ukraine’s largest bank.
    • A bank within a large financial services institution, facing supervisory criticism for a possible failure to maintain the sanctity of its charter, in enhancing board of director and committee charters, processes and management policies, and provided board training, resulting in the bank achieving the highest possible management rating in its next examination.
    • An Indian company in the sanctions implications of its involvement with a Middle-Eastern oil company with operations in U.S. sanctioned jurisdictions.
    • A leading credit card and payments company with respect to US, UK and EU anti-money laundering, sanctions and anti-corruption matters, including in transactional and enforcement contexts.
    • 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.
    • A large financial services company under regulatory scrutiny in a complex sale of its bank’s fiduciary and custodial businesses and counseled on the remediation of related governance and other issues cited by the Federal Reserve and Office of the Comptroller of the Currency.

  • 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.
    • Itaú Unibanco Holding in its establishment of a $10 billion medium term note program and ongoing U.S. regulatory matters.
    • AXA Financial in its $1.5 billion acquisition of The MONY Group.
    • Ripplewood, Eton Park and RHJ International in the sale of their minority interest in Commercial International Bank to Actis.
    • 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.