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Acquisitions Banks

Goodwin

Regulatory Process for Forming or Acquiring a Depository Institution

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This third installment in our series of insights on bank charter considerations describes the process for seeking regulatory approval to form or acquire a bank....more

Barnea Jaffa Lande & Co.

ILS 80 Million Penalty for Israeli Banks Over Competing Company Stakes

Bank Hapoalim and Israel Discount Bank will each pay the State Treasury ILS 40 million within the framework of an administrative settlement (“agreed order”), in respect of their acquisitions of minority stakes in a competitor...more

Goodwin

Consequences of Forming or Acquiring a Depository Institution

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This second installment in a series of insights on bank charter considerations describes the consequences of operating through an insured depository institution charter, including capital requirements, supervision and...more

Goodwin

Benefits of Operating Through a Bank Charter and Charter Choice Considerations

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This is the first in a series of articles in our "So, You Want to Be a Bank?" series. More than 1,000 new banks were formed in the eight years before the Great Recession began in 2008. In comparison, the past 15 years...more

Stinson LLP

OCC Charts a New Path for FinTech Banking

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On March 17, the Office of the Comptroller of the Currency (OCC) announced that the agency granted conditional approval for a leading FinTech company to indirectly acquire a nationally chartered bank, enabling the FinTech...more

Wiley Rein LLP

Third Circuit: Changes in Exposure Provision Bars Coverage for Pre-Merger Liabilities

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In a win for Wiley’s client, the United States Court of Appeals for the Third Circuit, applying Pennsylvania law, affirmed judgment on the pleadings in favor of a group of insurers on the ground that a Changes in Exposure...more

Troutman Pepper Locke

OCC Conditionally Approves Fintech Business Model for SmartBiz Bank, N.A.

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On March 17, the Office of the Comptroller of the Currency (OCC) announced that it has granted conditional approval for SmartBiz Loans to transform the business model of CenTrust Bank, N.A., located in Northbrook, Illinois....more

IR Global

The Rising Demand for Expert Financial Opinions in M&A Transactions

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In the ever-evolving world of mergers and acquisitions, the demand for expert financial opinions has never been greater. A central requirement in many transactions is a fairness opinion – a professional evaluation that...more

Arnall Golden Gregory LLP

Fiserv’s Georgia MALPB Charter: Implications for the Payments Industry

Fiserv’s journey to obtain a Merchant Acquirer Limited Purpose Bank (“MALPB”) charter in Georgia stands out for its speed and efficiency. After submitting its application in January 2024, Fiserv received its charter on...more

Latham & Watkins LLP

FDIC Proposes Amendments to Its Change in Bank Control Act Regulations

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The proposal would establish stricter oversight of certain transactions and responds to concerns that large asset managers may be exerting influence on FDIC-supervised institutions. On July 30, 2024, the Board of...more

Skadden, Arps, Slate, Meagher & Flom LLP

Private Capital Remains an Attractive Alternative for Many Companies

Private credit and other forms of private capital have emerged as attractive alternatives to traditional bank loans and capital market offerings for many companies. These sources of funds were critical in recent years when...more

Pillsbury - Gravel2Gavel Construction & Real...

Real Estate & Construction News Roundup (3/20/24) – Construction Backlog Falls, National Association of Realtors Settle...

In our latest roundup, bad loans outweigh loss reserves at top six U.S. banks, the FCC announces a proposed rule aimed at “bulk billing,” office-to-multifamily conversion projects grow in major metro cities, and more!...more

McDermott Will & Emery

[Webinar] Deal Academy 2024: Data Center – Erwerb und Vertragsgestaltung - March 20th, 9:30 am - 10:30 am CET

We would like to invite you again to our McDermott Deal Academy. This time, our online seminar will focus on the real estate asset class “data centers”. Our real estate and regulatory experts would like to discuss the...more

Kilpatrick

Court Stymies State Regulator’s Attempt to Block Bank-Credit Union Deal

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The last two years have seen a significant uptick in the number of transactions involving credit union acquisitions of banks with 26 deals announced and two transactions already announced in 2024.  Yet, the law around these...more

A&O Shearman

Slovak FDI regime: what does it mean for your M&A and banking deals?

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The Slovak FDI regime applies from 1 March 2023. What are the first impressions? The FDI Act dramatically expands the powers of certain Slovak authorities to scrutinise investments from the perspective of national security...more

McDermott Will & Emery

[Event] Private Equity Boot Camp 2023 - November 9th, Munich, Germany

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We cordially invite you to our Private Equity Boot Camp in Munich this year. Experienced speakers from our Firm will train you and your colleagues during a workshop and provide legal and tax basics for the successful...more

Latham & Watkins LLP

UK Outlines Bank Ring-Fencing Reforms

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Government plans to add more flexibility to the regime, but its long-term future remains undecided. On 28 September 2023, HM Treasury published further papers in relation to the planned reform of the UK bank ring-fencing...more

White & Case LLP

Sector trends - September 2023: Brokers/Corporate Finance

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Pan-European banks, including Mediobanca and Deutsche Bank, seek senior dealmaker bench strength through high profile acquisitions....more

Wilson Sonsini Goodrich & Rosati

Considerations for M&A Transactions Involving Fintech Companies

M&A transactions involving financial services providers—including tech-based providers or “fintechs”—raise a host of unique questions based on the types of services they provide, which are often highly regulated and may...more

Davis Wright Tremaine LLP

The Recipe for a Strong Bank-Fintech Partnership Agreement

Bank partnerships are a critical component of the U.S. fintech ecosystem and infrastructure. The agreements that govern bank-fintech partnerships are nevertheless frequently overlooked simply as a legal formality—a...more

White & Case LLP

Silicon Valley Bank UK Limited – Sale to HSBC UK Regulatory Considerations

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On Monday March 13, 2023, the Bank of England announced that Silicon Valley Bank UK Limited has been sold to HSBC UK Bank Plc. The situation remains fluid, and the following Q&A reflects our understanding as of Monday...more

Guidepost Solutions LLC

Bank Merger Compliance Risks: Are You Prepared?

Bank mergers and acquisitions are becoming a regular part of life in the banking industry, especially for smaller and medium-sized organizations. They provide significant opportunities for institutions to expand their...more

White & Case LLP

Sector trends - July 2022: Payments

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UK & European Financial Services M&A: Sector trends H2 2021 | H1 2022 — Payments - Investor appetite is at an all-time high—while VC investors back growing service providers, PE investors supercharge IPO glide paths and...more

White & Case LLP

Europe’s banks emerge from the COVID-19 pandemic resolute in their ambitions

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UK & European Financial Services M&A: Sector trends H2 2021 | H1 2022 — Banks - Our outlook for bank M&A is extremely positive despite current market uncertainty. Many of Europe’s lenders dedicated significant resources...more

White & Case LLP

The long-awaited arrival of Europe’s new breed of decacorns

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UK & European Financial Services M&A: Sector trends H2 2021 | H1 2022 — Fintech - Europe has bucked the global trend of tightening private capital purse strings. While successful funding rounds rage on, fintechs with...more

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