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 interdisciplinary team of experienced attorneys who understand the needs of banks and other financial services institutions. Our group advises clients on a wide range of 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
  • Municipal finance and collateralization of deposits
  • Affiliated business relationships, including third party servicing arrangements
  • Advice on selection and protection of trademarks and branding; representation in disputes over trademark, copyright and other intellectual property matters
  • Drafting, review and negotiation of Software Licenses, Software-as-a-Service Agreements and other Information Technology contracts
  • Employee benefits and executive compensation advice including, 401(k) plans, pension plans, health plans, supplemental executive retirement plans, and deferred compensation arrangements
  • Labor and employment advice, including with respect to wage and hour laws, fair labor standards, ADA, harassment issues, employee misconduct, and the conduct of internal investigations
  • Bankruptcy, workout, forbearance agreements, and other aspects of borrower financial distress
  • Advising on COVID-19 Loan and Aid Programs, including Paycheck Protection Program loans

Firm Highlights

Matter

Longroad Energy

Verrill represents Longroad Energy (“Longroad”) on its renewable energy work in Maine. Longroad is a Boston, MA-headquartered renewable energy company that develops and operates wind and solar energy projects throughout North America. Verrill has...

Matter

Swift Current Energy

Verrill represents the 100-megawatt Three Rivers Solar Project in Hancock County, Maine. Verrill assists the project with real estate and environmental permitting work, including negotiation of a protocol to allow the project to proceed...

News

Verrill Remains a National Industry Leader for Gender Diversity

(November 11, 2020) – Verrill has once again been recognized as one of the top law firms in the country for female attorneys in Law360 's annual Glass Ceiling report. Named a “Ceiling Smasher,&rdquo...

Event

Judicial Externship Seminar at Boston University Law School

During spring of 2021, attorney Anuj Khetarpal will be an adjunct professor at Boston University Law School and teaching a Judicial Externship Seminar for the semester.

Event

2021 Employment Law Annual Update

News

Getting the Band Back Together: How a Surety Team Can Hit the Right Notes

Construction Exec published an article, "Getting the Band Back Together: How a Surety Team Can Hit the Right Notes," in its November edition, covering the effect COVID-19 has on surety bond producers. Attorney Rob...

Blog

This Week's Show: Maine Election Results’ Impact on Business

On Saturday, November 21, Tawny interviewed Mike Saxl, Counsel at Verrill and Managing Principal of Maine Street Solutions, and Robert Reynolds, Government Relations Specialist of Maine Street Solutions, for this segment of HR Power...

Publication/Podcast

Hospital Price Transparency Rule: Full Steam Ahead

Neither COVID-19 nor continued legal challenges appear likely to derail the Centers for Medicare & Medicaid Services ( CMS) Hospital Price Transparency Rule from going into effect on January 1, 2021. Hospitals therefore should...

Publication/Podcast

“If I've told you once, I've told you eight times…” HHS OIG Issues Another Audit Report on Hospitals’ Failure to Report Credits for Explanted Cardiac Devices and Lays the Groundwork Collection of Overpayments

Blog

December 31 Sunset of Safe Harbor Correction Method for Certain Elective Deferral Failures

A special IRS-approved correction method available for elective deferral failures in 401(k) and 403(b) plans with automatic contribution features will sunset on December 31, 2020, meaning it will not be available to correct elective...

Contact Verrill at (855) 307 0700