Banking & Creditor's Rights
Flora Pettit’s business attorneys and litigators have decades of combined experience representing banks, credit unions, insurance companies and other financial services firms in the following areas:
Financing - structuring and documenting secured and unsecured loans and lines of credit, including construction and permanent financing, complex commercial and agribusiness loans, and participation loans among lenders. Our expertise includes documentation of real-estate secured loans as well as the creation and perfection of Uniform Commercial Code liens on collateral of all types of commercial enterprises including apartment complexes, hotels, farm wineries and other commercial and agri-business operations.
Workouts, Foreclosures and Collections - loan restructuring and distressed loan workouts, including deeds in lieu of foreclosure, foreclosures, liquidations, bankruptcies and difficult collections. Foreclosures have included auto dealerships, restaurants, factories, dairy, poultry, and cattle farms, manufacturing facilities, winery, commercial and residential properties.
Trust Services - fiduciary representation, trust establishment and modification, trust termination, tax advice, dispute resolution and litigation support including fiduciary and probate litigation and guardianships.
Employment - employment law compliance, executive compensation, employee benefits plans. Our attorneys have designed strategies for synthesizing 401(k) plans of recently affiliated regional banks and for winding down frozen defined benefit plan. We have advised banks with issues such as ERISA compliance regarding the holding of bank stock inside profit sharing plan and the adoption of secured split dollar life insurance program and other executive compensation benefits for bank officers.
General Counsel - advising management and boards of directors on fiduciary duties, stock issuances, banking and regulatory matters, disclosures and voting. Our attorneys have assisted banks with bank holding company formations, securities regulation and compliance, equity offerings and mergers and acquisitions, and have assisted credit union on CUSO formation and regulation.