Banking & Financial Services

More and more, banks and other financial services institutions are offering a broad range of financial services products under one roof. These institutions rely on law firms who understand these different services and are able to see the big picture in an increasingly complex regulatory and financial landscape. Verrill's Banking & Financial Services Group is comprised of an experienced team of attorneys who provide a single integrated legal resource for financial services clients.

Members of the group regularly provide legal advice to financial institutions on a wide range of transactional and operational issues, including:

  • General Corporate, Business, and Securities Law
  • Regulations related to deposit and checking accounts, including funds availability, check payment, electronic funds transfers, joint and trustee accounts.
  • Bank security and privacy issues
  • Responding to trustee process, tax liens, and orders to withhold and deliver
  • Offering of bank related products, including securities, property insurance, credit insurance, and title insurance
  • Licensing and qualification
  • Reviewing and drafting complex mortgage, retail lending, and deposit agreements
  • Consumer lending issues, including ECOA, home mortgage disclosure, Truth-in-Lending, Fair Credit Reporting, Plain Language Law, and RESPA
  • Formation and operation of affiliates under Maine's Universal Bank Charter laws, including non-depository trust companies and insurance sales subsidiaries Bank mergers and acquisitions
  • Remote deposit capture services and associated equipment leasing
  • Municipal finance and collateralization of deposits
  • Affiliated business relationships, including third party servicing arrangements
  • The Group recently represented a non-bank client in its role as a bank customer in connection with its obligations and liabilities arising from a series of fraudulent electronic funds transfers.

In addition to providing regulatory services to banks, Verrill's Banking & Financial Services Group works closely with attorneys from other practice groups throughout the firm to offer truly comprehensive legal services to its clients.

Firm Highlights

Blog

Maine Solar Boom: Over 1.5GW of Distributed Solar Capacity in the Queue

Event

AHLA Academic Medical Centers and Teaching Hospitals Institute

In January, attorneys Kate Heffernan and Andrew Rusczek will be presenting at the American Health Lawyers Association's Academic Medical Centers and Teaching Hospitals Institute conference in Arlington, VA. The conference is designed to address...

Matter

Aquaculture

Verrill represents both growers and coastal landowners regarding leasing and licensing of aquaculture enterprises.

News

Michael K. Fee to Lead Verrill’s Health Care and Life Sciences Defense Practice

(January 22, 2020) – Verrill is pleased to welcome Michael K. Fee to the firm’s Boston office as a Partner in its nationally recognized Health Care & Life Sciences Group and as the leader...

Matter

Protection of Private Coastal Property Rights for Conservation of Intertidal Habitat

Verrill successfully represented coastal landowners in first-impression litigation against a Canadian seaweed harvesting company with global operations to determine who owns the sea plants that are growing on private intertidal property in Maine. In...

Event

Annual Employment Law Update: HR 2020 Vision for the Future

Blog

Podcast: The Legal Perspective of Creating a Respectful and Inclusive Workplace

Publication/Podcast

More Proposed Changes to CCPA Geared to Health Care and Life Sciences Industries

The California Consumer Privacy Act of 2018 (“CCPA”) took effect on January 1, 2020. Days later on January 8, 2020, the California Senate Health Committee unanimously approved Senate bill A.B. 713 (the “Bill”) to...

Publication/Podcast

Is the New U.S.-China Agreement What Was Prescribed?

The trade relationship between China and the United States has been top of mind for businesses over the past year. In spring 2018, Chinese President Xi Jinping denied the U.S. Government's request to end...

News

Prominent Attorneys Join Verrill’s Family Law Practice

(January 23, 2020) – Verrill is pleased to welcome attorneys Nancy O’Donnell and David Friedman to the firm’s Boston office as the newest members of its Family Law Group. The addition of O’Donnell and...