Types of Financial Institutions Financial institutions offer a wide range of products and services for individual and commercial clients. The specific services offered vary widely between different types of financial institutions. Banks and similar business entities, such as thrifts or credit unionsoffer the most commonly recognized and frequently used financial services: Investment banks specialize in providing services designed to facilitate business operations, such as capital expenditure financing and equity offerings, including initial public offerings IPOs.
Banking at a Glance For decades, Duane Morris has provided leading national and international financial institutions with the full range of legal services they require.
From commercial loan documentation and workouts to commercial litigation, intellectual property, bankruptcy and employment law, Duane Morris offers experienced and comprehensive business and legal guidance for clients in the tumultuous banking and financial services industry.
Guiding our service to our bank clients is a simple, unwavering focus on thoroughly understanding their business and providing the legal solutions that enable them to reach their goals. By practicing law this way, we've built strong relationships with more than half of the top 50 U.
Range of Services Asset Recovery As banks face an increased volume of troubled commercial loans, particularly real estate loans, Duane Morris offers extensive experience in asset recovery actions, workouts and related matters.
Our attorneys are adept at negotiating forbearance or debt restructuring agreements well before litigation or foreclosure actions are undertaken. If litigation or foreclosure is unavoidable, we skillfully assist our clients in enforcing their rights as secured and unsecured creditors, whether in bankruptcy proceedings, actions to enforce remedies under Article 9 of the Uniform Commercial Code, confessions of judgment, actions on notes and guaranties, or otherwise.
Our attorneys are also experienced in enforcement of judgments by executing upon real and personal property. Bankruptcy and Reorganization Business publication The Deal consistently ranks Duane Morris as one of the most-active bankruptcy practices in the United States. A significant portion of our bankruptcy work focuses on serving the needs of banks and other lenders as secured creditors in all phases of negotiation and enforcement.
When advancing bank group or creditors' committee viewpoints and positions, we understand that maintaining open communication among all members of the group or committee is one of the keys to a favorable and prompt result. Our bankruptcy attorneys handle the following types Bank and financial institutions matters, among others: Creditors' and Equity Holders' Counsel: Claimants and interest holders of all types, including bank groups, special servicers, prepetition lenders, indenture trustees, postpetition lenders, lessors, licensors, shareholders, partners and members of limited liability companies, who all rely on the firm to advance their viewpoints and positions through negotiation and litigation.
Financing and Asset-Based Loan Transactions: Acquisition and Disposition of Distressed Entities: Investors, competitors and business managers often find the assets of troubled companies, or the companies themselves, to be attractive investments.
The firm regularly advises parties that are selling, purchasing or investing in distressed and insolvent businesses regarding the risks and potential rewards involved. Whether in or out of court, Duane Morris attorneys can also assist with the due diligence and the negotiation, structuring, and documentation of these "back-end" mergers and acquisitions.
Because the restructuring and liquidation processes inherently involve competing constituencies, clients turn to Duane Morris for dispute resolution and litigation counsel.
Clients benefit from the firm's substantial experience litigating bankruptcy and insolvency-related matters. Commercial Loan Documentation, Generally Duane Morris works closely with lenders and borrowers in secured and unsecured commercial loans of all sizes, efficiently staffing each transaction according to its legal complexity and our client's budget considerations.
Financing of stock and asset acquisitions and purchases of commercial real estate comprise a significant portion of our practice, with teams of attorneys assembled to meet the fast-track schedules often imposed on large transactions.
Using an extensive library of firm-crafted model loan documents, we have been able to meet tight time requirements, producing initial drafts on a same-day basis in some cases. We also document the restructuring of troubled loans both in and out of bankruptcy.
In addition to handling large or complex loan transactions, our attorneys capably and cost-effectively handle "garden-variety" commercial mortgage and asset-based loans, as well.
Mortgage Lending We assist banks with origination, sales, servicing, securitization, workout and restructuring for commercial, industrial and residential loans and credit facilities pertaining to all types of real estate interests.
Our work in this area has encompassed origination and packaging of loans and credit facilities for: The firm also serves as bond and underwriters counsel for renewable energy projects financed with energy-related bond programs as well as tax-exempt bond financing.
General Commercial Litigation Duane Morris represents financial institutions and their affiliates in every aspect of corporate and commercial litigation before state, federal and international courts and agencies. Examples of litigation handled by the firm include check fraud, depository and payor bank liability, asset recovery, lender liability, breach of contract and employment matters.
Class Action Litigation With the banking industry under increased threat of class action litigation, Duane Morris offers extensive experience in defending clients against multimillion-dollar claims arising from numerous areas, including: We handle hundreds of active files for clients and have assisted clients in at least 30 states across all asset classes.
Duane Morris lawyers have worked on behalf of banks, non-bank lenders, special servicers of securitization trusts, debt purchasers and asset buyers to resolve complex troubled mortgage loan issues.
Our services include litigating contested foreclosure actions in the federal, state and bankruptcy courts; negotiating and documenting loan modifications and other workout agreements; appointing receivers; and completing judicial and non-judicial foreclosures. To protect our clients' interests in residential real estate collateral, we resolve various litigation and workout matters, including threatened lender liability claims arising from threatened foreclosures; tax sale foreclosures; interpleaders; receiverships; condemnations; various types of in rem and property claims; and bankruptcies.
We also prosecute title claims on behalf of clients when required to protect their interests and pursue fraud and negligence actions against mortgage brokers, real estate appraisers and other professionals when appropriate, as arising out of distressed loans or loan portfolios.
In addition, we handle defense of class actions, declaratory judgment actions and predatory lending claims where the loans at issue are neither troubled nor defaulted. Employment Litigation Duane Morris provides comprehensive counsel on the broad range of matters involving employment law, benefits and executive compensation.
Although we focus on preventive counsel, employment-related litigation sometimes is unavoidable. Our experienced labor and employment litigators seek efficient resolutions to disputes in state and federal courts and in appellate proceedings, including those before the U.Banks, credit unions, investments, and debt resources.
Get help managing your money to reach your financial goals. Resources for businesses Applications, licensing, charters, and regulation for professionals and institutions providing insurance and financial services. Learn more Oregon Community Bank Week recognizes a vital member of.
The Division of Financial Institutions' mission is to regulate state-chartered and licensed financial institutions to ensure that their products and services are safe, fair, and necessary for the financial . Financial institutions are defined for the purposes of the tax to include the following: Bank organizations, which are defined to include the same classes of institutions previously subject to the corporation franchise tax; Holding companies of bank organizations, except for diversified savings and loan holding companies and grandfathered.
I study whether financial institutions were able to make better loans during the financial crisis when they had a bank branch in the area and find they were, suggesting branches provide an informational advantage to banks.
Depository: Non-Depository: Securities: Consumer/General: BIDCO Proposed Rule Change (Updated April 24, ) FDIC - Financial Institutions Letter Regulatory Relief: Meeting the Financial Needs of Customers Affected by Hurricane Harvey and its Aftermath September Monthly Bulletin Bank and Thrift Financial Report (as of June 30, ) FDIC's Loan Payment Deferrals and Extensions LBA .
The Washington State Department of Financial Institutions (DFI) regulates and examines a variety of state chartered financial services. The Department also provides education and outreach to protect consumers from financial fraud.