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
