Community Banks

Sophisticated legal advice combined with hometown common sense. These are the defining qualities of Sirote & Permutt’s Community Banking Practice. As general counsel for the Community Bankers Association of Alabama, Sirote is well positioned to understand the mission, special needs and challenges of community banks, their executives and the communities they serve.

Sirote’s Community Banking Practice has a tradition of successful representation of community banks, including advising banks through their entire life cycle from initial formation to sale, where applicable. We work closely with bank management and offer practical advice based on years of hands-on experience. We assist organizers and investor groups throughout the new bank formation process including assisting and representing the bank with regulatory issues. We assist community banks with capital raising and bank holding company reorganization transactions. We advise our clients with deal structure, and assist with the preparation of offering material and subscription documents. We also advise with respect to regulatory requirements as well as state and federal securities law compliance. Sirote also serves as outside general counsel for com-munity banks. Community banks regularly rely on us for outsourcing legal needs that arise from time to time, in both corporate and litigation matters.

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