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 operational issues as well as corporate, securities, and regulatory aspects of the financial services industry, including:
- mergers, acquisitions, and strategic alliances;
- capital markets and financing transactions, including SEC registered offerings of debt securities, subordinated debt, senior notes, private placements, and credit facilities;
- charter selection, formation, liquidation, and conversion applications;
- asset purchase and sale transactions, including bulk loan sales, participation agreements, note sales, and distressed asset transactions;
- bank holding company formation and regulation;
- branch acquisitions and divestitures;
- compliance with Federal Reserve, FDIC, and CFPB regulations and state banking regulations;
- enforcement action counseling and defense;
- financial regulatory reform, including the Dodd-Frank Act and Basel III;
- financial services litigation;
- insurance and other financial products and services;
- regulatory applications and appeals, including practice before the North Carolina Banking Commission, appeal of federal supervisory determinations, and stock exchange de-listing appeals;
- regulatory and strategic counseling;
- TARP and SBLF compliance and transactions;
- savings banks and savings and loan practice; and
- trust company formation and regulation.
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
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Select Transactions
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
has acquired
the Charlotte, NC branch of
CertusBank, N.A.
Jul 2015
$93,500,000
Initial Public Offering
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
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.
Jun 2013
Heritage Bancshares, Inc.
has merged with
Jun 2013
$8,900,000
Private Placement
May 2013
has acquired
the Falls River Branch of
Harrington Bank
Jan 2013
has acquired
$10,600,000
