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

Blog

Verrill Attorneys Present on Issues in Maine Energy and Electric Utility Regulation

The energy and environmental landscape is constantly evolving. On Tuesday, April 22, 2021, Halfmoon Education Inc. presents a full-day, virtual program, "Issues in Maine Energy and Electric Utility Regulation," which will highlight the current...

Event

Issues in Maine Energy and Electric Utility Regulation

On Thursday, April 22 attorneys Bill Harwood and Scott Anderson will be presenting for HalfMoon Education Online Learning's Issues in Maine Energy and Electric Utility Regulation, an interactive webinar. In the webinar, attendees will...

News

Verrill Attorney Gregory Fryer Recognized as Top Author in JD Supra 2021 Readers Choice Awards

(April 8, 2021) – Verrill attorney Gregory Fryer was recognized as a top author for finance and banking in JD Supra’s 2021 Readers Choice Awards . The top ten authors were selected for each...

Matter

Verrill Helps Hancock Solar Project Obtain MDEP Permit, Protect Upland Sandpipers

The 14-megawatt Hancock Solar project in the town of Hancock, Maine has obtained its Site Law permit from the Maine Department of Environmental Protection. Verrill assisted the project with environmental permitting, which included the...

Publication/Podcast

The Massachusetts Supreme Judicial Court Clarifies the Contours of the Attorney-Client Privilege and Work Product Doctrine in Internal Investigations

In Attorney General v. Facebook, Inc. , No. SJC-12496 (March 24, 2021), [i] the Massachusetts Supreme Judicial Court clarified the scope of protection afforded by the attorney-client privilege and the work product doctrine to...

News

Nine Verrill Attorneys Named Top Lawyers in Fairfield County

(April 8, 2021) – Verrill is pleased to announce nine of the firm’s attorneys in its Westport, Connecticut office were ranked as Top Lawyers in Fairfield County by Moffly Media, the publishers of popular...

Blog

ESG Ping-Pong®

The recent regulatory back-and-forth over the investment of ERISA-governed retirement plan assets based on environmental, social, and corporate governance (“ESG”) factors has demonstrated that ESG investing will remain under an intense spotlight for some...

Publication/Podcast

Employers Required to Give Free COBRA Coverage to be Offset by Medicare Tax Credits

Among other things, the American Rescue Plan Act of 2021 (“ARPA”), signed into law on March 11, 2021, provides “assistance eligible individuals” (“AEIs”) who lose their health insurance coverage under an employer’s group health...

Blog

Identifying Plan Assets in ERISA Health & Welfare Plans

Last month, we advised readers of this blog to consider efforts to formalize the fiduciary governance of their health and welfare benefit plans. In that post , we described some of the reasons that...

Matter

Representative Litigation Matters

Represented one of the nation's largest geotechnical subcontractors in claims against a major general contractor arising from construction of pier improvements at an East Coast naval facility Led defense trial team in a four-week...

Contact Verrill at (855) 307 0700