Richard S. Garabedian has more than 35 years’ experience representing banks, savings institutions, credit unions and holding companies on a nationwide basis. He has served as counsel on more than 40 bank mergers.
In addition to his general work in bank and credit union regulatory matters and mergers and acquisitions of both stock and mutual institutions, Richard focuses on bank and credit union charter changes, field of membership expansion, new products and services, fintech, regulatory compliance, de novo bank and credit union formations, cross-industry mergers, government assisted acquisitions of failing financial institutions, enforcement matters, corporate governance, stock and mutual holding company formations and mutual-to-stock conversions.
Richard is admitted to practice in the US Supreme Court. He has also served as counsel at the Federal Reserve Board and another federal banking agency and a bank holding company. He also served as an adjunct professor of Banking Law at Rutgers University School of Law.
- Represented the first stock bank to be acquired by a credit union.
- Represented the first mutual savings bank conversion to a national bank charter in a mutual holding company structure.
- Represented the first mutual savings institution to simultaneously convert to stock form and a national bank.
- Represented a New England based credit union, in its charter conversion to a state savings bank and subsequent $50 million initial public common stock offering.
- Served as counsel to an online bank deposit auction marketplace.
- Serves as counsel to a web-based loan exchange marketplace.
- Serves as counsel to developers of a dark web search engine.
- Serves as counsel to a mobile payment technology company.
- Serves as counsel to a BSA/AML compliance company using blockchain technology.
- Represented a Fortune 10 Company in its formation of a federal savings bank.
- Represented a Fortune 10 Company in its formation of a Utah industrial loan company.
- Represented a major insurance and mutual fund company in the conversation of its trust bank to a full-service federal savings bank.
- Represented a state trust company to a federal thrift with trust only powers.
- Represented several former credit unions in their conversion to a bank and their initial public offering.
- Represented the acquiring credit union in one of the largest NCUA assisted acquisitions.
- Represented the credit union in the largest Community Development Capital Initiative awarded by the United States Department of the Treasury.
- Served as counsel to the organizers of a nationwide faith-based credit union.
- JD, Rutgers University School of Law, 1979
- BA, Temple University, cum laude, 1974
- District of Columbia
- New Jersey
- US Supreme Court
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