Financial Services and Banking

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The bank bailout, a tougher Treasury and SEC, investment banks and community banks failing. The last two years have seen unprecedented upheaval in our financial system. Accordingly, financial services organizations face challenges like never before. The continuing volatility in the financial system and new and complex laws and regulations are profoundly changing almost all sectors.

As financial services organizations look to recover from this crisis, Manatt has the experience and judgment to help companies navigate the risks and complexities in today’s financial markets.

Decades of Experience Work to Your Advantage
We advise clients on a broad range of legal and business matters from evaluating strategic business opportunities to structuring complex capital markets transactions. The group brings together lawyers specializing in banking and finance, capital markets, mergers and acquisitions, venture capital, regulatory compliance, tax, and antitrust analysis. Our team of Financial Services and Banking lawyers helps companies navigate through the various policies and ever-changing rules of the regulatory agencies and to efficiently address complex finance issues. Several of our attorneys have gained specific capabilities through service with government agencies and senior level in-house positions with prominent financial institutions.  

Manatt is recognized as one of the leading financial services law firms in the United States, counseling more than 300 financial institutions across the nation and abroad. We represent virtually every type of financial institution, including commercial banks, domestic and foreign financial holding companies and bank holding companies, savings institutions, savings and loan holding companies, representative and agency offices of foreign banks, leasing companies, industrial loan companies, specialty finance companies, trust companies, and credit unions. We also represent investment banks in capital markets transactions for these types of companies. 

We are well equipped to navigate the corporate financing landscape, both for companies seeking to raise capital and the underwriters who help provide it. In addition, the American Bankers Association and the California Bankers Association have used our services as outside counsel in California and Washington, D.C. 

Connections that Count
Manatt offers much more than legal services, we also provide connections. With decades of hands-on experience in and with financial institutions, we are intimately familiar with the structure and inner workings of many financial service entities and their regulators. We provide the full array of company representation, including counseling on day-to-day operations of banks, cash management, check/payment processing, letters of credit, factoring and foreign exchange and swap transactions. 

We go beyond the traditional role of lawyers to help you solve problems and create opportunities. We understand your transactional work, operational concerns, regulatory requirements, and commercial and consumer disputes, and can help you achieve maximum competitive advantage with creative counseling on the full range of banking industry issues.
 

Recent experience includes:  

  • Manatt is currently representing numerous private equity firms and investment banks in non controlling investments in a variety of platform banks. 
  • Manatt has assisted several national loan servicing companies in amending existing Pooling and Servicing Agreements for hundreds of private-label mortgage-backed securities transactions, to facilitate HAMP-compliant modification of delinquent home loans. 
  • Manatt represented Carpenter Community BancFund in investing $30 million in Bridge Capital Holdings, parent company of Bridge Bank.  Thereafter, Manatt represented the BancFund in converting preferred stock received as part of that investment into shares of common stock. 
  • Manatt represented EastWest Bancorp in its $10.4 billion acquisition of San Francisco-based United Commercial Bank which had been shut down by regulators.  The acquisition creates the largest U.S. bank focused on the Chinese-American market, as well as the largest bank based in Southern California. 
  • Manatt represented First Financial Bank in its $538 million acquisition of Peoples Community Bank which had also been closed by regulators.   The transaction expands First Financial’s presence in Greater Cincinnati to over 50 locations. 
  • Manatt currently is representing Pacific Capital Bancorp in connection with a $500 million recapitalization by Ford Financial.