Michael P. Reed

In addition to traditional banking institutions, Mr. Reed regularly advises financial technology companies, specialty finance companies, mortgage banking companies, financial sponsor investors and asset management firms on a wide range of public and private transactional, regulatory, compliance, corporate finance and disclosure issues. His experience includes nearly two dozen bank IPOs as well as equity investments, debt financings, joint ventures and strategic alliances, including the formation and growth of bank-fintech partnerships.

Mr. Reed regularly represents public and privately held clients in all types of M&A transactions, including public-to-public and public-to-private mergers, tender and exchange offers, proxy contests, going-private transactions and recapitalizations.

In addition, Mr. Reed advises issuers and underwriters on a variety of capital markets transactions, including public and private offerings of debt, equity and hybrid securities, and complex structured finance transactions. He also counsels public companies on securities disclosure matters.

Mr. Reed has been repeatedly recognized by Chambers USA and The Legal 500.

Previously, Mr. Reed was a senior executive at a publicly traded financial institution, leading both the risk management and corporate development divisions, and a team of approximately 200 people. This experience uniquely positions Mr. Reed to advise C-suite executives regarding the myriad issues that they regularly encounter, including with respect to strategic growth, capital, enterprise risk management, fintech partnerships and interactions with regulators.

He frequently lectures and authors articles on a variety of topics, including mergers and acquisitions, fiduciary duties, disclosure matters, corporate governance and securities laws.

Prior to and since joining Skadden, Mr. Reed’s notable representations include:

Mergers and Acquisitions

Financial Institutions

• Renasant Corporation in its acquisition of The First Bancshares
• Trustmark National Bank in the sale of Fisher Brown Bottrell Insurance to Marsh & McLennan Agency
• Atlantic Union Bankshares Corporation in its acquisitions of:
  • American National Bankshares Inc.
  • Access National Corporation
• Simmons First National Corporation in its acquisitions of:
  • Spirit of Texas Bancshares
  • Triumph Bancshares
  • Landmark Community Bank
  • Reliance Bancshares, Inc.
  • The Landrum Company
  • First Texas BHC, Inc.
  • Southwest Bancorp, Inc.
  • Hardeman County Investment Company
  • Citizens National Bank
  • Community First Bancshares, Inc.
  • Liberty Bancshares, Inc.
  • Delta Trust & Bank Corporation
• WSFS Financial Corporation in its:
  • acquisition of Bryn Mawr Bank
  • sale of BMT Insurance Advisors
  • acquisition of Beneficial Bancorp, Inc.
  • sale of branches to The Bank of Princeton
  • acquisition of Penn Liberty Financial Corp.
  • acquisition of Alliance Bancorp, Inc. of Pennsylvania
  • acquisition of First Wyoming Financial Corporation
• Western Alliance Bancorporation in its acquisition of Centennial Bank
• Regions Financial Corporation in:
  • its acquisition of approximately 25 publicly traded depository institutions
  • its merger with Union Planters Corporation
  • various transactions, including sales of mortgage banking companies, commercial leasing companies, auto finance companies and insurance agencies
• CFBanc Corporation in its merger of equals with Broadway Financial Corporation
• Evans Bancorp in its acquisition of FSB Bancorp
• Veritex Holdings, Inc. in its acquisition of Green Bancorp, Inc.
• Mark Moskvin in his acquisition of control of Colorado National Bank
• HomeBancorp, Inc. in its acquisition by First Citizens Bank & Trust Company
• Howard Bancorp in its acquisition of 1st Mariner Bank
• BCB Bancorp, Inc. in its acquisition of IA Bancorp, Inc
• First Bank in its acquisitions of:
  • Bucks County Bank
  • Delanco Bancorp
  • Grand Bank
• The Collins Family Trust in its acquisition of Inter National Bank from Grupo Financiero Banorte, S.A.B.D.
• Bank of Georgetown in its sale to United Bankshares, Inc.
• BancTrust Financial Group, Inc. in its sale to Trustmark Corporation
• Gleacher & Company, Inc. in the sale of substantially all of the assets of ClearPoint to Homeward Residential, Inc., a subsidiary of Ocwen Financial Corporation
• Carolina Premier Bank in its acquisition of branches from Palmetto Bank
• Sterling Bancshares, Inc. in its sale to Comerica, Inc.
• Centra Financial Holdings, Inc. in its sale to United Bankshares, Inc.
• Union Planters Corporation in its acquisition of over 15 publicly traded depository institutions
• Mercantile Bancorp in the sale of five depository institution subsidiaries
• Wachovia Corp. in its acquisition of Westcorp

Specialty Finance

• ITOCHU Corporation in its investment in a vehicle finance company
• Veritex Holdings, Inc. in its acquisition of North Avenue Capital
• Ameris Bancorp in its acquisition of Balboa Capital
• Tetragon Financial Group Limited in the merger of its GreenOak Real Estate joint venture with Bentall Kennedy
• Union Planters Corporation in its sales of multiple mortgage banking and specialty finance companies
• IndyMac in its acquisition of Financial Freedom, a reverse mortgage company
• WSFS Financial Corporation in its:
  • investment in and disposition of a minority interest in Spring EQ
  • acquisition of Arrow Mortgage
  • investment in and disposition of a subprime mortgage company

Asset Management

• Franklin Templeton in numerous acquisitions of wealth managers, financial advisory firms and asset managers
• East West Bancorp in the acquisition of a non-controlling interest in Rayliant Global Advisors
• Legg Mason in its:
  • merger with Franklin Templeton
  • multiple acquisitions of privately held asset managers
  • two-step acquisition of Precidian Investments LLC
• B. Riley Financial in its acquisition of MK Capital Advisors LLC and related sponsored funds
• Beltone Financial Holding in its acquisition of 51% of Auerbach Grayson & Company LLC
• Regions Financial Corporation in its acquisition of Morgan Keegan, Inc.
• WSFS Financial Corporation in its acquisitions of:
  • Cypress Capital Management
  • Powdermill Solutions

Private Equity

• Patriot Financial Partners in its:
  • investment in DR Bank
  • investment in Encore Bankshares
  • recapitalization of Trinity Capital Corporation
  • investment in Palmetto Bancshares
  • investment in BNC Bancorp
  • recapitalization of U.S. Century Bank
  • investment in Meta Financial Group, Inc.
  • investment in Floridian Community Holdings, Inc.
  • investment in Prosperity Banking Company
• GCP Capital Partners in multiple investments, including in:
  • Grasshopper Bancorp
  • Radius Bank
  • US Century Bank
  • Bridgewater Bank
  • First Marine Bank
  • Coastal South Bancshares
  • Maple Financial Holding

Fintech

• First Carolina Bank in a take-private acquisition of BM Technologies
• OneMain Holdings in its acquisition of Foursight Capital
• Coastal Community Bank in numerous partnerships with fintech companies
• First Carolina Bank in several partnerships with fintech companies
• Thread Bank in several partnerships with fintech companies
• WSFS Bank in multiple partnerships with fintech companies

Other Strategic Transactions

• ITOCHU Corporation in its equity investment in Kawasaki Motors, Ltd. and joint establishment of a vehicle finance company
• Cisco, Inc. in multiple asset and stock acquisitions of technology companies
• Erickson Air-Crane in its acquisition of Evergreen International Aviation

Mr. Reed has also advised several of the nation’s largest banks, including Citi, Discover, JP Morgan, PNC, Synchrony Financial and Wells Fargo.

Capital Markets (Issuer and Underwriter)

IPOs

• 1st United Bancorp
• Avenue Financial Holdings, Inc.
• Bankwell Financial Group
• Capital Bancorp, Inc.
• CapStar Financial Holdings
• CBTX, Inc.
• Coastal Financial Corporation
• Compass Diversified Trust
• Five Star Bancorp
• Live Oak Bancshares, Inc.
• Merchants Bancorp
• National Commerce Corporation
• Origin Bancorp, Inc.
• Park Sterling Bank
• Professional Holding Corp.
• TriState Capital Holdings

Equity Financings

• American Savings Bank
• BancorpSouth, Inc.
• BCB Bancorp, Inc.
• BNC Bancorp
• CenterState Banks, Inc.
• City Holding Company
• Coastal Financial Corporation
• Commerce Union Bancshares
• FB Financial Corporation
• Fidelity Southern Corporation
• First Bancshares
• First Carolina Financial Services
• Five Star Bancorp
• Fulton Financial Corporation
• Hampton Roads Bankshares
• IBERIABANK Corporation
• Independent Bank Group
• Live Oak Bancshares, Inc.
• National Commerce Corporation
• Origin Bancorp, Inc.
• Park Sterling Bank
• Renasant Corporation
• Spirit of Texas Bancshares, Inc.
• Sterling Bancshares, Inc.
• TriState Capital Holdings
• Triumph Bancorp, Inc.
• Union Bankshares Corporation
• Valley National Bancorp
• Veritex Holdings, Inc.
• WSFS Financial Corporation

Fixed-Income Financings

• Alerus Financial Corporation
• Ameris Bancorp
• Atlantic Union Bankshares Corporation
• Avenue Financial Holdings, Inc.
• BancorpSouth Bank, Inc.
• Central Pacific Financial Corp.
• Coastal Financial Corporation
• Dime Community Bancshares
• Empire Bancorp Inc.
• Fidelity Bank
• First Citizens Bancshares, Inc.
• Five Star Bancorp
• Flushing Financial Corporation
• HomeBancorp, Inc.
• HomeStreet, Inc.
• Howard Bancorp Inc.
• Independent Bank Corp.
• Independent Bank Group
• Jefferies Group LLC and Jefferies Group Capital Finance Inc.
• Merchants Bancorp
• National Commerce Corporation
• Oakworth Capital
• OceanFirst Financial Corp.
• Old Line Bancshares, Inc.
• Origin Bank
• Pacific Premier Bancorp
• Peapack-Gladstone Financial Corporation
• Regions Financial Corporation
• Reliant Bancorp
• Renasant Corporation
• Salisbury Bancorp, Inc.
• Simmons First National Corporation
• Susquehanna Bancshares, Inc.
• Triad Bancorp
• TriState Capital Holdings
• Trustmark Corporation
• Union Planters Corporation
• UnumProvident Corporation
• USAmeriBancorp, Inc.
• Valley National Bancorp
• Veritex Holdings, Inc.
• WSFS Financial Corporation