Steven J. Eisen

Over 70 de novo bank, mortgage company, trust company, and finance company formations and more than 100 bank holding company formations in Tennessee and surrounding states.

Negotiates numerous cease and desist and consent orders, memorandums of understanding, board resolutions, notices of charges, and other formal and informal agreements and examination results between financial institution clients and state and federal regulatory authorities, including filing appeals with the agencies' Ombudsman's Offices.

Represented the Tennessee Bankers Association in obtaining favorable decisions from the Tennessee Attorney General, and defending the decision in court, allowing banks in Tennessee to sell title insurance. Providing similar work for other state banking associations.

Represented over 25 financial institutions nationwide in seeking government investments through the Troubled Asset Recovery Program (TARP) and the Small Business Lending fund (SBLF). 

Drafted banking legislation in Tennessee on behalf of clients and as a member of the Tennessee Banker's Association's Government Relations Committee and the Lawyers Committee.

Represented bank, assisting it in complying with a formal enforcement action, complying with a Prompt Corrective Action directive, selling loans, division and branch assets, reorganizing holding company debt, loan collection efforts, litigation, and raising capital.

Represented long-time banking client, advising it on a $52.4 million merger agreement with a regional bank.

Represented bank holding company in a $55 million initial public offering on the New York Stock Exchange.

Successfully represented banking clients in the purchase of bank assets and deposits of failed bank from the FDIC in an assisted transaction. Representation included reviewing bid forms and assisting in negotiations of the Purchase Agreement between the client and the FDIC.

Represented a bank holding company, closing a successful $13 million private offering of the company’s voting common stock. Shares of the company’s common stock were sold at a premium to book value. The client plans to employ the majority of net proceeds from the transaction to support organic growth of its related bank. 

Represented NYSE listed financial services company in a $20 million private placement of subordinated notes.

Represented long-time banking client, one of the largest banks headquartered in Tennessee in its acquisition by a regional bank holding company.

Represented state banking associations in helping their members comply with insurance and banking regulations to allow them to sell title insurance.

Represented banking client after it discovered fraudulent action by both insiders and borrowers. Representation included handling related regulatory issues, filing a lawsuit against the partner involved in the fraud, handling a collections matter related to a loan customer who had filed bankruptcy and handling a stock offering.

Represented banking client, assisting it comply with formal enforcement action with state and federal bank regulators. Representation also included assisting it with raising capital, change in control approval, loan workouts, fraud investigation, bond claims, and litigation defense.

Represented banking client, assisting it with regulatory compliance (including formal enforcement action), capital raising, and sale of branches.

Represented a bank client with a flow purchase and servicing agreement for commercial real estate mortgages, advising on regulatory requirements for third party vendor contracts.

Shareholder Steve Eisen worked directly with the Office of the Comptroller of the Currency (OCC) in editing a version of The Director's Book, which describes the obligations and responsibilities of directors of national banks.