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About Waverly

Waverly Vest represents and counsels financial institutions, holding companies and their officers, directors and owners.

Frequently retained in the face of complex circumstances, Waverly has decades of experience in advising and representing clients in mergers, acquisition of branches, conversions and capital market transactions, including public and private securities offerings of equity and debt, and related regulatory applications and requirements. He also has represented clients in the acquisition of failed or troubled banks and thrifts, and in enforcement actions such as civil money penalty actions, cease and desist and other administrative orders, appeals of examination results, termination of Federal Deposit Insurance Corporation (FDIC) insurance actions and the like. Waverly serves as lead counsel in the formation of de novo financial institutions and holding companies for financial institutions, and counsels his clients in the expansion of operations through branches and subsidiaries, as well as acquisition of control of financial institutions requiring prior approval, including estate planning activities.

Waverly works with litigation counsel involving claims against financial institutions and their officers and directors, including settlement negotiations with regulatory officials and expert witness preparation and testimony. He is also a speaker and writer on the legal issues of banks and the banking industry.

Experience

Recent Notable Matters

Bank and thrift holding companies — seller-side representation in sales for stock and/or cash to public and private entities

Community and regional banks — buyer-side representation in their acquisition of in-market institutions

Regional bank holding company — representation in investment by a private equity firm

Financial holding companies — representation in private and public issuance of debt and equity

Federal savings bank — representation in its conversion to a national bank, as well as numerous state bank to national bank conversions

Bank owners — representation in regulatory matters related to estate planning and recapitalization of the institution

Financial institutions — establishing equity compensation plans

Credentials

Education

The University of Texas School of Law,
J.D.
1973
The University of Texas at Austin,
B.B.A., Accounting
1970

Bar Admissions

Texas
District of Columbia

Affiliations

State Bar of Texas
American Bar Association
Banking Law Committee
Houston Bar Association
Houston Bar Foundation
Fellow
Texas Bar Foundation
Fellow
Texas Association of Bank Counsel

News

Noteworthy

Noteworthy

The University of Texas School of Law
Texas Law Review