Bank M&A

S&C’s preeminence in bank mergers and acquisitions is reflected in our leading position among legal advisors in value of transactions since 2000, and in our appearance in six of the ten largest M&A deals in U.S. banking history.

That preeminence is continuously reaffirmed in our selection as counsel in groundbreaking transactions in Asia, Europe, Latin America and the U.S. The Firm regularly advises global banking clients in many significant M&A transactions, including representations of:

• Allianz in its connection with U.S. bank regulatory matters related to the acquisition of Dresdner Bank by Commerzbank
• AmSouth Bancorporation in its $10.4 billion acquisition by Regions Financial Corporation
• The Bank of New York in its $16.5 billion merger with Mellon Financial
• BBVA in its $2.1 billion acquisition of Texas Regional Bancshares
• Commerce Bancorp in its $8.5 billion acquisition by Toronto-Dominion Bank
• Commerzbank in its $14.4 billion acquisition of Dresdner Bank
• Fifth Third Bank in the sale of a 51% interest in its merchant acquiring and financial institutions processing business to global private equity firm Advent International
• J.C. Flowers & Co. in its acquisition, as part of an investor group, of IndyMac Federal Bank
• JPMorgan Chase in its acquisition of all deposits, assets and certain liabilities of Washington Mutual’s banking operations from the FDIC
• National Australia Bank in its $800 million acquisition of Great Western Bancorp
• National City in its merger with PNC Financial Services Group
• RBC Centura Banks (the U.S. banking arm of Royal Bank of Canada) in its $1.6 billion acquisition of Alabama National BanCorporation
• Independent directors and capital committee of Sovereign Bancorp’s board of directors in Sovereign’s acquisition by Banco Santander
• Standard Chartered in its $860 million acquisition of American Express Bank
• US Bank in its acquisition of Downey Savings & Loan and PFF Bank & Trust through and FDIC-facilitated transaction
• Wachovia in its merger with Wells Fargo