Insights
Practice Area
Banking & Financial Institutions
Overview
Our Banking & Financial Institutions practice group has extensive experience with regulatory and transactional issues for clients ranging from publicly traded, diversified bank holding companies to single-office community banks. We advise our clients on day-to-day issues as well as corporate, securities, and regulatory aspects of the financial services industry, including:
- mergers, acquisitions, and other business combinations;
- public offerings of securities, including initial public offerings, follow-on offerings, and stock offerings in connection with business combinations;
- de novo bank formations, including assistance with charter selection, regulatory applications, and the capital-raising process;
- bank holding company formation and regulation;
- branch acquisitions and divestitures;
- other capital-raising activities, including private placements of equity and debt securities;
- compliance with Federal Reserve, FDIC, and state banking regulations; and
- regulatory and strategic counseling.
While banking organizations have many of the same opportunities and experience many of the same challenges as other companies, they do so under the ever-present and constantly evolving lens of the bank regulatory landscape. Our Banking & Financial Institutions team is well positioned to advise banking organizations due to our years of experience working with participants in the financial services industry, which allows us to draw on knowledge from prior transactions and regulatory interactions to speak on an informed basis. When working with laws and regulations applicable to financial institutions, it is often the case that there is additional interpretive guidance and/or policies from federal and state banking regulators (both written and unwritten) that can help guide an organization’s decision-making process. We believe we add significant value for our clients because our Banking & Financial Institutions group has dedicated professionals that regularly interact with these laws and, accordingly, are likely to bring a different perspective than an attorney who may not regularly advise financial institutions.
For many of our bank clients, our Banking & Financial Institutions group serves in the “de facto” general counsel role, often being the first point of contact for a discrete legal issue or for a larger strategic initiative. Our Banking & Financial Institutions group also partners with Wyrick Robbins attorneys across a range of other disciplines to assist with transactions and the daily operations of our clients, including capital markets, employee benefits and executive compensation, commercial litigation, labor and employment, commercial real estate, mergers and acquisitions, privacy and data security, tax, and licensing and technology. We are proud to have represented many wonderful banking organizations, from the initial, de novo formation stage, through growing into a public company, and, for some, strategic combinations with other banking organizations. Additional information on the types of transactions on which we have advised can be found under the selected transaction section of our website, as well as under our group members’ individual biographies.
To discuss our Banking & Financial Services expertise and services, please contact Stuart Rigot at 919.882.7122 or srigot@wyrick.com or Jonathan Greene at 919.865.2832 or jgreene@wyrick.com.
Meet Our Team
Responsive, committed, client-centric relationships. We believe great people attract great clients and great clients attract great people.
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Select Transactions
Oct 2024
has merged with
Jul 2024
has merged with
May 2024
Private Placement of Common Stock
$12,000,000
These securities have been previously sold. This announcement appears as a matter of record only.
Feb 2024
Private Placement of Preferred Stock
$17,923,000
These securities have been previously sold. This announcement appears as a matter of record only.
Aug 2023
Private Placement of Common Stock
$8,250,000
These securities have been previously sold. This announcement appears as a matter of record only.
Aug 2022
Private Placement of
Common and Preferred Stock
$15,000,000
These securities have been
previously sold. This announcement
appears as a matter of record only.
Jun 2022
Sale of Common Stock
$29,000,000
These securities have been
previously sold. This announcement
appears as a matter of record only.
Apr 2022
Private Placement of Subordinated Notes
$32,000,000
These securities have been
previously sold. This announcement
appears as a matter of record only.
Mar 2022
Private Placement
of Common Stock
$115,000,000
These securities have been
previously sold. This announcement
appears as a matter of record only.
Mar 2022
Sole Placement Agent in the $10,000,000 Private Placement of Subordinated Notes for Coastal Carolina Bancshares, Inc.
These securities have been previously sold. This announcement appears as a matter of record only.
Mar 2022
Sole Placement Agent in the $25,000,000 Private Placement of Subordinated Notes for Citizens Bancshares Corporation
These securities have been previously sold. This announcement appears as a matter of record only.
Feb 2022
Private Placement of Subordinated Notes
$5,000,000
These securities have been
previously sold. This announcement
appears as a matter of record only.
Jan 2022
Private Placement of
Subordinated Notes
$12,000,000
These securities have been
previously sold. This announcement
appears as a matter of record only.
Oct 2021
has merged with
Oct 2021
has been acquired by
Oct 2021
has merged with
Sep 2021
Private Placement of Subordinated Notes
$20,000,000
These securities have been
previously sold. This announcement
appears as a matter of record only.
Sep 2021
Private Placement of Subordinated Notes
$7,000,000
These securities have been
previously sold. This announcement
appears as a matter of record only.
Jun 2021
Sole Placement Agent in the $80,000,000 Private Placement of Subordinated Notes for Southern BancShares (N.C.), Inc.
These securities have been
previously sold. This announcement
appears as a matter of record only.
May 2021
Sole Placement Agent in the $15,000,000 Private Placement of Subordinated Notes for Travelers Rest Bancshares, Inc.
These securities have been
previously sold. This announcement
appears as a matter of record only.
Dec 2020
Sale of Common Stock
$10,000,000
Dec 2020
Private Placement
of Common Stock
$31,416,800
These securities have been
previously sold. This announcement
appears as a matter of record only.
Oct 2020
Private Placement of
Subordinated Notes
$18,000,000
These securities have been
previously sold. This announcement
appears as a matter of record only.
Jul 2020
Sale of Common Stock
$20,000,000
Apr 2020
has acquired
the Highlands, NC, Franklin, NC, and Sylva, NC branches of Entegra Bank, a division of First Citizens Bank
Apr 2020
Private Placement of
Subordinated Notes
$10,000,000
These securities have been
previously sold. This announcement
appears as a matter of record only.
Dec 2019
Private Placement of
Subordinated Notes
$12,000,000
These securities have been
previously sold. This announcement
appears as a matter of record only.
Dec 2019
Private Placement of
Fixed-to-Floating
Subordinated Notes
Due Dec 2029
$32,000,000
These securities have been
previously sold. This announcement
appears as a matter of record only.
Sep 2019
Private Placement of
Subordinated Notes
$10,000,000
These securities have been
previously sold. This announcement
appears as a matter of record only.
May 2019
De Novo Formation and
Initial Public Offering
$22,500,000
Feb 2019
Private Placement of Mandatory
Convertible Subordinated Notes
$18,550,000
These securities have been
previously sold. This announcement
appears as a matter of record only.
Jan 2019
Private Placement of
Common Stock and
Convertible Preferred Stock
$15,200,000
These securities have been
previously sold. This announcement
appears as a matter of record only.
Jan 2019
has acquired
Oct 2018
has merged with
Aug 2018
Follow-on Public Offering
of Common Stock
$63,250,008
Jul 2018
has merged with
May 2018
Private Placement
of Common Stock
$11,643,750
These securities have been
previously sold. This announcement
appears as a matter of record only.
May 2018
Follow-on Public Offering
of Common Stock
$19,968,000
Apr 2018
has acquired
Mar 2018
Common Stock
Rights Offering
$12,000,000
These securities have been
previously sold. This announcement
appears as a matter of record only.
Feb 2018
Private Placement
of Common Stock
$30,000,000
These securities have been
previously sold. This announcement
appears as a matter of record only.
Jan 2018
has merged with
Jan 2018
Private Placement
of Common Stock
$8,000,000
These securities have been
previously sold. This announcement
appears as a matter of record only.
Dec 2017
has acquired
Nov 2017
has merged with
Aug 2017
Private Placement of
Common Stock and Non-voting
Convertible Preferred Stock
$17,500,000
These securities have been
previously sold. This announcement
appears as a matter of record only.
Aug 2017
has acquired
Aug 2017
$119,025,000
Public Offering
Jul 2017
has merged with
Jun 2017
Private Placement
of Common Stock
$16,500,000
These securities have been
previously sold. This announcement
appears as a matter of record only.
Mar 2017
has merged with
Oct 2016
has acquired
VistaBank
Oct 2016
Private Placement of
Subordinated Notes
$10,000,000
Jun 2016
$28,750,000
Initial Public Offering
Dec 2015
has acquired
the Morehead City, NC and
Leland, NC branches of
Yadkin Bank
Oct 2015
has been acquired by
First Horizon National Corp
$97,044,000
Aug 2015
has merged with
$64,000,000
Jul 2015
$93,500,000
Initial Public Offering
Jul 2015
has acquired
the Charlotte, NC branch of
CertusBank, N.A.
May 2015
Private Placement
of Common Stock
$7,800,000
These securities have been
previously sold. This announcement
appears as a matter of record only.
Mar 2015
Private Placement of
Convertible Preferred Stock
$15,112,500
These securities have been
previously sold. This announcement
appears as a matter of record only.
Feb 2015
Series B Financing
$29,000,000
Dec 2014
has acquired nine
eastern North Carolina
branches from
Bank of America
Aug 2014
Private Placement
of Common Stock
$75,000,000
These securities have been
previously sold. This announcement
appears as a matter of record only.
Aug 2014
$15,000,000
Revolving Credit Facility
Jul 2014
Private Placement
of 458,132,991 Shares
of Common Stock
$45,813,299
These securities have been
previously sold. This announcement
appears as a matter of record only.
Jul 2014
has acquired
$37,503,034
Apr 2014
has merged with
Apr 2014
has merged with
Jan 2014
Placement Agent Counsel
for Private Placement of
Common Stock by
VantageSouth
Bancshares, Inc.
$47,000,000
These securities have been
previously sold. This announcement
appears as a matter of record only.
Oct 2013
has merged with
Jul 2013
has acquired
the Creedmoor, NC branch of
Yadkin Valley Bank & Trust
Jun 2013
Heritage Bancshares, Inc.
has merged with
Jun 2013
$8,900,000
Private Placement
Jun 2013
Placement Agent Counsel
for Private Placement of
Convertible Preferred Stock by
Hometown Bankshares Corp.
These securities have been
previously sold. This announcement
appears as a matter of record only.
May 2013
has acquired
the Falls River Branch of
Harrington Bank
Jan 2013
has acquired
$10,600,000
