Nyemaster Goode, P.C.

Banking and Secured Transactions

Our Practice:

Whether the client is involved in bank acquisitions or bank holding company merging or divesting, lending money, participating in syndicated loans or addressing regulatory and compliance issues, Nyemaster Goode’s Banking and Secured Transactions attorneys are prepared to lend their experience and expertise in these highly complicated and technical areas.

Our Banking and Secured Transactions attorneys provide counseling and transactional services to financial institutions (including bank and savings and loan holding companies, banks, savings associations, and credit unions) in connection with regulatory issues involving the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, the Iowa Division of Banking, the Federal Deposit Insurance Corporation, and the Office of Thrift Supervision, and including issues related to bank charters, transactions with affiliates, tying, change in control, community reinvestment activities, and management interlock waiver/exemption requests. Our attorneys also represent financial institutions in connection with a wide variety of acquisition activities, including unit bank and bank holding acquisitions, mergers, office acquisitions, and whole-bank purchase and assumption transactions.

Our Banking and Secured Transactions attorneys regularly represent financial institutions and borrowers in single-bank and syndicated financings, secured and unsecured loans, intercreditor relationships, and related participations and subordinations. In addition, we assist lender and borrower clients in all types of business transactions, including subordinated debt financings in mergers and acquisitions transactions, equipment finance leasing transactions, and simple lending transactions between companies and individuals or among individuals. Our attorneys also work with lenders and borrowers in restructuring problem loans and in workouts. When required, our attorneys in this practice area work closely with attorneys in the Alternative Energy, Renewable Fuels, and Public Utilities; Creditor Rights and Bankruptcy; Business Organizations; Corporate Finance, Venture Capital, and Securities; Environmental; Construction and Real Estate; Franchise and Distribution; Mergers and Acquisitions; Real Estate; and Litigation areas to service clients’ needs in an effective and efficient manner. View a description of our banking and secured lending trial practice at Banks and Financial Institution Litigation.

Our Experience:

General representation of community banks in connection with regulatory compliance, operations, and merger and acquisition activity.

Represent numerous state banks, national banks, and federal savings associations on a variety of matters.

Represent financial institutions in change of control applications.

Represented large savings and loan holding company on issues involving management interlocks and filings.

Represent out-of-state bank holding companies in connection with compliance matters within the State of Iowa.

Represent large commercial banks in connection with both secured and unsecured lending transactions ranging from $5 million to in excess of $200 million and involving borrowers in a wide variety of industries, including:

$250 million, $175 million and $150 million term and revolving credit facilities with JP Morgan (borrower's counsel).

$40 million credit facilities for operating and acquisition financing of national rendering business (borrower's counsel).

Iowa counsel for wind energy project owner in $75 million multi-state upstream financing of wind energy projects (borrower’s counsel).

$35 million credit facility for Midwest retailer consisting of revolving credit, term credit, convertible term credit, and construction loan (lender's counsel).

$30 million revolving and term credit facilities for acquisition financing and operating line of credit (borrower's counsel).

$16 million revolving letter of credit, convertible term, and ESOP term credit facilities (lender's counsel).

$12.5 million revolving term and construction credit facilities by multi-bank group to livestock operator (lender's counsel).

$11 million credit facilities for acquisition to long-term care company (borrower's counsel).

$50 million term asset securitization financing of equipment leases (company counsel).

$25 million commercial paper conduit financing of equipment leases (company counsel).

$10 million term asset securitization financing of equipment leases (company counsel).

Represented long-term care company in connection with various credit facilities totaling $11 million for acquisition purposes (borrower’s counsel).

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