Banking and Financial Services
For more than 35 years, the Firm's banking and financial services attorneys have been providing sound counsel and advice to financial institutions and consumers of financial services. From advice on asset-backed real estate loans and loan securitization, to counsel on open or closed-end consumer credit programs, from bank formations, acquisitions and dispositions to service as general counsel, our firm offers seasoned legal experience and an in-depth understanding of the banking and financial services industries.
We have represented clients in a wide range of multiple and complex loan transactions, loan collections, loan workouts and financial services-related litigation. Our financial services clients include de novo
banks and small to midsize community banks as well as major banks in Chicago. The scope of our experience includes de novo
bank formation, mergers and acquisitions, general banking services, commercial loan transactions, municipal finance and loan workouts and collection.
General Banking Services
Firm attorneys have functioned as outside general counsel for numerous banks, assisting not only with transactions, but also with formulating operating policies and guidelines for both internal operations, day-to-day operations problems and customer services issues.
De Novo Bank Formation, Bank Mergers & Acquisitions
The attorneys in our banking and financial institutions area have provided cost effective, practical advice to numerous individuals seeking to start and form banks. We have counseled clients on issues including choice of banking regulator, capital raising, corporate structure and taxation issues as well as preparing banking policies and procedures.
Firm attorneys have worked on more than 80 bank and savings and loan acquisitions, dispositions, reorganizations and de novo bank creations. We have assisted our clients with all phases of capitalization, including initial capitalization of de novo banks, fund expansion, SEC-registered offerings and private placements of stock and debt and on securitization of more than $200 million in installment loans.
Commercial Lending Services
Our financial services attorneys possess significant knowledge and experience in a wide range of lending environments, including asset-backed financing, factoring, multi-tiered debt, revolving debt, tax-favored financing, participations, federal, state and local government assistance and multi-lender financing. We have advised financial institutions in structuring credit for a variety of businesses, such as manufacturers, distributors, health clubs, printers, publishers, medical practices, food wholesalers, automobile dealers, manufactured housing dealers, finance companies, retailers, restaurant and entertainment enterprises and entrepreneurs seeking SBA loans.
The firm's experience in the municipal finance area includes serving as bond underwriter's and issuer's counsel for municipalities and major Chicago banks on issues ranging from $5 million to $500 million. We also have represented banks issuing letters of credit as credit enhancement for bond issues as well as numerous large and smaller companies as they negotiated the maze of a public bond financing.
Loan Workouts & Collections
Often, the greatest need for counsel arises in providing assistance to our clients with creditors' rights, lender liability and bankruptcy issues. The firm's experience encompasses handling automatic stays, preferences, cash collateral and plan confirmation litigation; lender liability advice and defense; debt collection and enforcement; collateral liquidation; loan workouts and debt restructuring; commercial and residential foreclosures; and deeds-in-lieu of foreclosure.
The information on this website is for general purposes only and should not be interpreted as indicating that a certain result will occur in your specific legal situation.
The Supreme Court of Illinois does not recognize certifications of specialties in the practice of law, and any such certificate, award, or recognition is not a requirement to practice law in Illinois.