With hundreds of transactions cumulatively valued in the billions of dollars successfully executed, Arnold & Porter's Financial Services Transactions team is one of the country's most experienced and innovative in this highly regulated sector. We work closely with each of our clients from all subsector and size categories to develop a comprehensive transaction plan that achieves clear business objectives by both identifying potential business, regulatory, corporate, tax, and other issues, and efficiently addressing them. Our depth of experience in all types of transactions on behalf of all types of clients from traditional banks and lenders to financial technology companies aids this process, enabling us to act quickly, both in the initial planning stage as well as in anticipating, assessing, and addressing new developments as they inevitably arise during the course of a transaction.
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Broad Range of Transactions: Including acquisitions, mergers (including mergers of equals and related public offerings of common stock), formation and initial capitalizations, capital markets transactions (including IPOs of common stock), joint ventures, sales of controlling interests, asset sales (financial, operating, deposit liabilities, etc.), and failed-institution transactions.
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Deep Understanding of Client Operations and Business Needs: Achieving goals in the most complex transactions in today's challenging regulatory environment with experience, knowledge, and creativity; and completing more routine types of transactions effectively and efficiently.
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Intimate Knowledge of the Market and Regulatory Environment: Enhanced by practical, cross-practice problem-solving encompassing our financial services regulatory, corporate, finance, antitrust, employment, executive compensation and ERISA, IP & IT, real estate, and tax excellence.
Experience Highlights
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Itaú Unibanco S.A. in formation of a de novo U.S. bank, new U.S. bank holding company, and related corporate internal reorganization.
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First-Citizens Bank & Trust Company, the bank subsidiary of First Citizens BancShares, Inc., in connection with its acquisition of 138 branch offices and $5 billion of deposits from BMO Bank N.A.
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Sterling Bancorp, Inc. in connection with the sale of all of the issued and outstanding shares of capital stock of its wholly owned subsidiary Sterling Bank and Trust, F.S.B. to EverBank Financial Corp. and Sterling Bancorp’s dissolution and wind-down.
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BAWAG AG (and Austrian bank holding company) in its acquisition of Idaho First Bank and advice on various other banking matters.
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Astoria Financial Corporation in connection with its $2.2 billion merger with Sterling Bancorp.
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Cain Brothers & Company, Inc. in the sale of Cain Brothers to KeyBanc Capital Markets, the corporate and investment banking unit of KeyCorp.
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The Charles Schwab Corporation in a $2.5 billion preferred stock offering.
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Hudson City Bancorp, Inc. in its merger with M&T Bank Corp.
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Onex Corporation in the sale of USI Insurance Services to an affiliate of KKR & Co. LP and Caisse de dépôt et placement du Québec for an enterprise value of $4.3 billion.
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Stifel Financial Corporation in its acquisition of Business Bancshares Inc., and its subsidiary, The Business Bank of St. Louis.
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