Financial Institutions

We help banks and financial institutions ensure compliance with the complex mix of state and federal regulations that govern their day-to-day operations. We regularly represent clients across the United States in their dealings with regulators, examiners and agencies at both the state and federal levels.

In enforcement actions, we balance an effective, aggressive defense of our clients with short- and long-term business goals, to achieve constructive and favorable resolutions. We provide guidance on a broad range of consumer lending, non-discrimination, privacy and credit-related laws.

Market-Leading Engagements

• Allegiance Bank in various regulatory compliance matters, including matters pertaining to the Federal Deposit Insurance Corporation (FDIC) and the Texas Department of Banking
• Kentucky Bankers Association in an amicus brief support Republic Bank’s position in both the FDIC’s enforcement action and Republic Bank’s lawsuit against the FDIC
• Main Street Bank in various regulatory compliance matters, including legal lending limit issues
• Metro United Bank in negotiating a consent with the FDIC and the California Department of Financial Institutions (CDFI)
• Park Cities Bank in various regulatory compliance matters, including Regulation O and affiliated transactions issues
• Pioneer Bank on various regulatory compliance matters, including matters before the Office of the Comptroller of the Currency
• Texas Capital Bank, N.A. in various regulatory compliance matters, including matters before the Office of the Comptroller of the Currency
• Woodforest National Bank in various regulatory compliance matters, including matters before the Office of the Comptroller of the Currency

We consistently rank among the top law firms for merger and acquisition transactions in the financial services industry. We have facilitated acquisitions, sales, mergers and roll-up transactions for major banks and financial institutions across the United States, including Golden Bank’s recent acquisition of a First Choice Bank affiliate in California and Prosperity Bancshares in its $2.1 billion acquisition of LegacyTexas Financial Group.

Our lawyers provide solutions grounded in real-world business strategy. We are familiar with the key concerns of a prospective buyer or seller of a financial institution, including tax, labor and employment, employee benefits, real estate, environmental and antitrust concerns.

Market-Leading Engagements

• Allegiance Bancshares, Inc. in a $359 million acquisition of Post Oak Bancshares, Inc.
• BancorpSouth, Inc. in its acquisition of Central Community Corporation, the holding company of First State Bank Central Texas, a Texas state bank headquartered in Central Texas, for cash and stock consideration valued at $210 million
• BancorpSouth, Inc. in its acquisition of Ouachita Bancshares Corp., the holding company of Ouachita Independent Bank, a Louisiana state bank headquartered in Monroe, Louisiana, for cash and stock consideration valued at $114 million
• Community Bancorporation of New Mexico, Inc. in its sale to Heartland Financial USA Inc.
• CommunityBank of Texas, N.A. in its holding company’s acquisition of MC Bancshares, Inc. and its wholly owned subsidiary, Memorial City Bank
• Delta Card Services, Inc. in the $470 million acquisition of substantially all the assets of its subsidiary, Merchants’ Choice Payment Solutions, by Paysafe Group plc.
• Golden Bank, N.A. in the acquisition of Rowland Heights, California, branch of First Choice Bank
• Metro Bancorp., Inc. in its $273 million sale to East West Bank
• Pioneer Bancshares, Inc. in its merger with FirstSun Capital Bancorp in all-stock transaction
• Post Oak Bancshares, Inc. in the acquisition of The State Bank of Texas in a stock and cash transaction
• Prosperity Bancshares, Inc. in its $2.1 billion acquisition of LegacyTexas Financial Group, Inc., which is the second largest bank merger in the history of Texas – M&A Transaction of the Year, 2020 Houston Corporate Counsel Awards
• Prosperity Bancshares, Inc. in a $532 million cash and stock acquisition of American State Financial Corporation
• Veritex Holdings Inc. in its $20.5 million cash and stock acquisition of IBT Bancorp Inc.
• Woodforest National Bank in the sale of its asset-based and equipment finance lending businesses, including the $495 million loan portfolio, to Sterling National Bank