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Bracewell ranks consistently among the top law firms for merger and acquisition transactions in the financial industry. We have facilitated acquisitions, sales, mergers and roll-up transactions for major banks and financial institutions across the country. These transactions include:

  • Whole bank acquisitions
  • Savings banks and industrial loan company transactions
  • Management buyouts
  • Control, stake-out or passive private investments
  • Branch acquisitions and divestitures
  • Acquisition of insurance agencies, broker-dealers and finance companies
  • Minority and joint venture investments
  • FDIC receivership acquisitions
  • Foreign bank and foreign investor transactions.

Our lawyers provide solutions grounded in real-world business strategy. We conduct effective due diligence reviews and are familiar with the key concerns of a prospective buyer or seller of a financial institution. These issues include tax, labor and employment, employee benefits, real estate, environmental, and antitrust concerns, among others.

We advise clients on all regulatory issues under the Bank Holding Company Act, Bank Merger Act, Change in Bank Control Act, and many other applicable federal and state statutes. In addition to standard antitrust clearances by the Department of Justice, Federal Trade Commission and state regulators, our lawyers secure the required approvals of the Federal Reserve Board, the Comptroller of the Currency, the Federal Deposit Insurance Corporation and other federal and state regulators.

Experience

Recent Notable Matters

Prosperity Bancshares, Inc. $2.1 billion proposed acquisition of LegacyTexas Financial Group, Inc., which is the second largest bank merger in the history of Texas

Woodforest National Bank — sale of its asset-based and equipment finance lending businesses, including the $495 million loan portfolio, to Sterling National Bank

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Awards

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Insights

Motivating Buyers & Sellers in 2018

February 1, 2018
BankDirector.com

For Oil & Gas M&A, It’s a Buyers’ Market

April 25, 2017

For the majority of global oil and gas companies, 2016 was a tough year. Buffeted by depressed crude oil and natural gas prices, corporate profits were squeezed, sparking widespread restructurings, layoffs and in certain cases bankruptcies. In normal circumstances, such conditions would be a boon for merger and acquisition (M&A) activity. But uncertainty over the length and severity of the commodity price downturn created a value mismatch between buyers and sellers. The result was a moribund M&A market in the oil and gas sector. In fact, according to business advisory firm Deloitte,...

Delaware Chancery Court Dismisses Challenge to MLP Drop Down Transaction

The Delaware Chancery Court recently dismissed a challenge to a transaction in which a master limited partnership (the "MLP") repurchased an interest in a crude oil pipeline in 2015 previously sold to its general partner (the "General Partner") in 2009. The plaintiff alleged that the defendants, in the course of approving the transaction, breached the MLP’s limited partnership agreement, the implied covenant of good faith and fair dealing and default fiduciary duties. In finding for the defendants, the court concluded that under the applicable standard set forth in the limited partnership...

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