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Scott Sargent

Of Counsel

With more than 20 years of experience in the financial and legal services industries, Scott Sargent advises community, regional and international banks on regulatory compliance and risk management.

Professional Biography

Mr. Sargent advises his clients on the day to day regulatory compliance and corporate risks that go along with running a bank. This includes payment systems, vendor management, contracts, bank operations, data security and privacy issuesmergers and acquisitions, regulatory analyses, examinations and responses, and partnering with and/or incorporating emerging technologies.

As part of his banking practice and work with Financial Technology companies, Mr. Sargent helps his clients implement regulations and best practices concerning data security, privacy and protecting confidential information generally and customer information specifically. Moreover, Mr. Sargent has personally managed teams responsible for responding to third party data security compromises and developed successful strategies for his clients for risk mitigation and loss recovery.

Mr. Sargent's clients include community and regional banks, as well as large international banks. He partners with them to achieve results with a focus on long-term growth and success. Mr. Sargent understands the business challenges his clients face. Before joining Baker Donelson, he spent more than 16 years in-house at an international bank as Assistant General Counsel, Senior Vice President and Assistant Secretary. While there, Mr. Sargent personally supported all consumer and commercial products and operations, and managed a team of attorneys responsible for providing legal oversight and advice for vendor management, bank operations, international operations and offshoring, procurement, Treasury Management, international money remittances, real estate and human resources, as well as Political Action Committees.

He also has extensive experience in integrating the requirements of consumer regulations into a financial institution's consumer agreements, publications, marketing, procedures, policies and operations to ensure the highest commitment to compliance is maintained. Specifically, he has crafted numerous consumer product agreements, notices and disclosures as well as countless procedures and policies on the proper handling of consumer accounts, products and disputes.

Mr. Sargent is a registered lobbyist in the state of Alabama and actively represents banking interests. Additionally, he has extensive experience in financial technology and has structured numerous deals where FinTech companies have partnered with or incorporated their technology into traditional banking operations or payments systems.

  • Negotiated and structured the first international outsourcing of core banking operations by a U.S. bank, as well as numerous other international agreements, in compliance with U.S. law and the host country's legal system.

  • Spearheaded the integration of six different financial institutions into the U.S. headquarters of a large international bank's operational systems, including a failed institution from the FDIC, while maintaining the integrity of the acquired bank's legal requirements and contractual obligations alongside those of the acquiring bank.

  • Negotiated and structured the first nationwide cloud-based storage and email system for a U.S. bank.

  • Negotiated and structured the integration of a large FinTech processing corporation into a traditional bank operating system.

  • Negotiated and structured the partnership of an online payment service provider and a large traditional bank for real time consumer and commercial transfers.

  • Listed in The Best Lawyers in America® in the areas of Corporate Law and Mergers and Acquisitions Law (2020 – 2021); Banking and Finance Law (2021)
  • Member – Alabama Bar Association
  • Member – American Bar Association
  • Member – Federal District Court Bar
  • Former Member – Alabama Business Council's Board of Directors
  • "What Makes an e-Signature Legal?," webinar, Georgia Bankers Association (November 2017)
  • "Vendor Management: Identifying and Controlling Outsourcing Risk," Alabama Bankers Association CEO, Bank Executive and Directors' Conference (August 2017)

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