Peter G. Weinstock’s practice focuses on corporate and regulatory representation of a wide range of financial institution franchises. Peter’s practice focuses on corporate and regulatory representation of financial institution and financial service franchises.
During the past several years, Peter has devoted substantial time to strategic planning, bank compensation and defense of enforcement matters, including concerning fair lending and BSA. He is Practice Group Leader of the Financial Institutions Section.
He has counseled institutions on more than 300 M&A transactions, hundreds of securities offerings, including over a dozen IPOs, and capital planning, over 50 de novo banks and hundreds of administrative and other enforcement actions.
He was a guest lecturer for Harvard’s Kennedy School of Public Policy in Beijing, China in 2017.
- hired by national law firm as an expert on banking regulation;
- facilitated over a dozen strategic planning retreats in 2017;
- convinced the U.S. Treasury to issue the first community development financial institution designation for a for-profit indirect lender (a lender that buys loans). The U.S. Treasury had previously not approved such entities to be CDFIs for policy reasons;
- obtained the first ever shelf charter (a charter that was not activated until a bank failed) to buy assets and assume liabilities from the FDIC as receiver of failed banks;
- proposed to senior regulatory personnel changes to the Shared National Credit (“SNC”) review process and how that process may be enhanced;
- lead counsel in merger of equals creating a $13 billion bank;
- more representations of buyers, sellers and committees of firms involved in 363 bankruptcy actions than any other firm;
- more M&A transactions than any firm over the last 17 years (according to SNL Financial, December 2017);
- number 1 in 2013 with 19 M&A transactions and in 2014 with 20 M&A transactions,
- number 2 in 2016 with 15 transactions, and number 4 in 2017 with 14 M&A transactions (according to S&P Global Market Intelligence);
- hundreds of capital offerings, including over 12 IPOS;
- hundreds of fair lending, CMPs, and other enforcement actions;
- testimony before Panel of the House Judiciary Committee regarding Operation “Choke Point” in July 2014;
- myriad compliance issues before all of the federal bank regulatory authorities, including the CFPB; and negotiations of administrative actions;
- worked with Puerto Rico taxing authorities to create a tax structure to allow Puerto Rican bank holding companies to issue trust preferred securities;
- advised the first and largest online auctioneer and broker of oil and gas properties in the United States;
- first voluntary liquidation by merger of a national bank into a nonbank subsequent to adoption of new OCC procedures;
- representation of Wilshire Bancorp, Inc. in merger-of-equals transaction with BBCN Bancorp creating the only super regional Korean-American bank in the United States;
- representation of Bank of Cascades in the acquisition of 15 Bank of America branches;
- representation of Sabadell United Bank in a $1.025 billion stock and cash transaction;
- advised dozens of bank holding companies and private equity firms regarding application of the Bank Holding Company Act and the Change in Bank Control Act; and
- representation of foreign banks, foreign bank branches and agencies regarding U.S. banking laws, rules and regulations.
- JD, Duke University School of Law, 1985
- BA, State University of New York, 1982
- Member, IBAT Community Bank Charter Task Force
- Member, ICBA’s General Counsels’ Advisory Group, 2014
- Member, American Bar Association
- Founding Board Member, The Family Place Foundation, 2007-present
- Advisory Director, Matrix Bancorp, Inc., Denver, Colorado, 1996-2006
- Past President, The Family Place, 1994-1996
- Founding Board Member and Past President, Helping Hands for The Family Place, a nonprofit agency devoted to battered women and abused children, 1991
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