Dinsmore Announces Expansion of Financial Regulatory Practice

October 22, 2015News Releases
Dinsmore & Shohl LLP is pleased to announce the expansion of its Banking & Financial Services Practice to include the Financial Services Regulatory and Enforcement Group (FinsReg).

Leading the FinsReg group are three highly experienced attorneys, Partners Frank A. Mayer, III and Richard M. Berman, and Partner Of Counsel Jonathan L. Levin. The FinsReg group consists of attorneys with extensive experience in representing banks and financial institutions in connection with issues arising under state and federal law. The team also includes former bank regulators, including a former examiner for the Office of the Comptroller of the Currency (OCC) and former in-house counsel with the Ohio Division of Financial Institutions.

“Banking regulations are constantly evolving, especially this year with new ones coming into effect from the Dodd-Frank Act and other existing regulations undergoing substantial changes. Staying compliant is top of mind for our clients who look to us for a strategic plan to navigate these changing regulatory waters,” said Susan B. Zaunbrecher, Dinsmore’s Corporate Department Chair. “Frank, Richard and Jonathan have extensive experience in that arena. I’m pleased they have joined our ranks and will deepen our Banking & Financial Services Practice.”

FinsReg will draw on its members’ extensive experience dealing with federal and state banking agencies, including the Consumer Financial Protection Bureau, to provide legal counsel on all aspects of financial services. The new group’s practice encompasses regulation of banks, thrifts, licensed lenders, nonbanks and holding companies on issues relating to international and foreign banking, enforcement and compliance, mergers and acquisitions, banking operations, corporate governance, loans and deposits, cash management, e-commerce, new products and services, vendor management, litigation claims, and receivership. FinsReg also is expert in handling issues involving privacy and data security, fair lending and fair housing, capital markets and private equity investments, as well as municipal bond disclosure.

“We’re pleased to offer such an expansive amount of experience to our clients,” said Michael Dailey, the firm’s Banking and Financial Services Group Chair. “Our clients are the heart of what we do, and being able to help them accomplish more of their business goals is our priority. The addition of the FinsReg group to our experienced team enhances our capability to serve our clients on any possible level with experienced attorneys in the banking and financial services industries.”

Chairing the group, Frank A. Mayer, III comes to Dinsmore from Pepper Hamilton LLP. He focuses his practice on counseling regulated business enterprises including tax-exempt organizations, with a special emphasis on financial institutions, concentrating in the areas of bank regulation, international banking, bank insolvency, receiverships and related business disputes, public finance and corporate finance, as well as counseling business enterprises in their relationships with federal, state and local government. Mr. Mayer has held senior positions at the Federal Deposit Insurance Corporation (FDIC) and the Resolution Trust Corporation (RTC). He also served as corporate chair of the City of Philadelphia’s Law Department under Mayor Edward G. Rendell, and later helped lead the transition team for Mayor Michael A. Nutter.

Richard M. Berman has been providing legal support for financial institutions for over 25 years as both in-house counsel at several financial institutions and as a partner at the law firm of Parker McCay. His practice covers an extensive range of issues and laws facing banks. Mr. Berman routinely counsels financial institutions regarding retail, commercial and operational issues. He also assists banks with vendor management, lending, cash management, corporate security, payment, and asset recovery matters.

Jonathan L. Levin comes to Dinsmore from his own financial services regulatory practice. He began his career with the Office of the Comptroller of the Currency (OCC), serving 12 years as Senior Counsel, later spending more than 20 years in private practice as a partner with two prominent firms. Mr. Levin also has been a Managing Director of Bear, Stearns & Co. Inc., holding the positions of Chief Compliance Officer and Chief Regulatory Counsel of their subsidiary bank. Throughout his career, he has counseled banks and other financial institutions on the full range of banking issues, prepared licensing and charter applications, structured mergers and acquisitions, and developed financial compliance programs.

“Creating the FinsReg group helps demonstrate our ability to represent an array of banking and financial institutions with attorneys who have experience from Senior Counsel at the OCC, senior positions at the FDIC, in-house counsel and pretty much everything in between,” said Mr. Mayer. “We’ve gathered a well-known and respected group of attorneys who will be able to serve our clients on virtually any matter.”