Financial Services

Symbolized by our 60-plus years as counsel to the Federal Home Loan Bank-Indianapolis, Krieg DeVault has been involved in every major event that has shaped the evolution of Indiana’s financial institutions. In addition to leading commercial and investment banks, our clients include specialty finance companies, insurance carriers and agents, broker-dealers, and investment advisers. Our team includes former bank executives and in-house counsel, leaders of and advisers to financial industry organizations, and public policy advocates. We thus have the comprehensive resources to advise on all financial institution operational and regulatory needs including loan documentation, employee relations, new product development, corporate financing, and regulatory supervision and enforcement. A special strength is our representation of more than 125 financial institutions in their mergers, conversions, intra-state and interstate acquisitions, de novo organizations, branch purchases, tender offers, and holding company formations. Whatever the issue, we are well qualified to understand and meet the needs of financial institutions.

Experience

Merchants Bancorp

$175 Million Public Offering of Preferred Stock

Old National Bancorp

Acquisition of St. Paul, Minnesota-Based Anchor Bancorp, Inc. by Merger

Federal Home Loan Bank of Des Moines

Negotiated Software System Agreement and Implementation with External Vendor

First State Bank

Acquisition of Trust Business of Farmers State Bank

Old National Bancorp

Acquisition of Klein Financial, Inc.

Merchants Bancorp

Acquisition of Farmers-Merchants National Bank of Paxton, Illinois

The National Bank of Indianapolis

Construction Financing for Milhaus, LLC Mixed-Use Project (Indianapolis, IN)

Associated Bank, National Association

Construction Financing Extended to Aria Zionsville, LLC for Multi-Family Project (Zionsville, IN)

Merchants Bancorp

Construction and Tax Credit Financing Extended to Bottleworks District, LLC

Lake City Bank

Financing Extended to J.C. Hart Company Affiliate for Multifamily Project (in Broad Ripple, Indiana) Known as “The Line - Urban Flats on the Monon”

BMO Harris Bank N.A.

Construction Financing Extended to Ford TWG, LLC (The Whitsett Group) for Mixed-Use Project at former Ford Assembly Plant

First Merchants Bank

Working Capital Financing Extended to enVista, LLC and enVista Interactive Solutions, LLC

Busey Bank

Construction Financing Extended to Scannell Properties #386, LLC for Industrial Warehouse Space for Pepsi Co. (Indianapolis, IN)

First Financial Bank

Acquisition and Bridge Financing Extended to Market East Portfolio, LLC for Office Buildings and Parking Facilities (Indianapolis, IN)

PNC Bank, National Association

Construction Financing Extended to Ardmore, LLC for Mixed-Use Project

Wells Fargo Bank

Secured Credit Facilities extended to Urschel Laboratories, Inc.

KeyBank National Association

Syndicated Financing Involving ESOP Formation for Envision Radiology

Lake City Bank

Acquisition Financing for the AT&T Building (Indianapolis, IN)

BMO Harris Bank N.A.

Project Financing regarding Monon Lofts (TWG Development, LLC)

Associated Bank, National Association

Syndicated Construction Financing for Cityscape Residential Multi-Family Project (Louisville, KY)

Related Professionals

Practice Contact

Brett J. Ashton

Partner
bashton@kdlegal.com
p: 317-238-6291
f: 317-636-1507

Focus Areas

Auto Finance Companies

Consumer Finance Companies

Credit Unions

Equipment Leasing Finance

Financial Institutions

Federal Home Loan Banks

•   Bankruptcy cases
•   Bank Counseling and Compliance
•   Bankruptcy-oriented transactional opinions
•   Bank Secrecy Act/Anti-Money Laundering
•   Corporate Representation
•   Examinations
•   Privacy, Cyber Risk & Data Security
•   Supervision and Enforcement Representation
•   Securities
•   Vendor Management

Fintech Lenders

Money Transmitters and Payment Processors

Mortgage Lenders

Insights

Secured Lender

CFPB Issues Finalized Changes To Regulation F To Implement The Fair Debt Collection Practices Act

December 16, 2020

Secured Lender

The Importance of Paying Attention to Notices Received in Bankruptcy Cases: Creditor Misses Proof of Claim Bar Date and Loses Claim for $2 Million

November 13, 2020

Secured Lender

Indiana Supreme Court Further Extends Partial Protection of CARES Act Recovery Rebates

November 12, 2020

Secured Lender

OCC Issues Final "True Lender" Rule

November 11, 2020

Secured Lender

IRS Instructs Lenders not to File Form 1099-C for Forgiveness of Paycheck Protection Program Loans

October 1, 2020

Secured Lender

Student Loan Dischargeability: Recent Developments

September 18, 2020

Secured Lender

Moratorium on Indiana Residential Foreclosures and Evictions Extended Through August 14, 2020

July 31, 2020

Secured Lender

Seventh Circuit Court of Appeals Reaffirms the Necessity of Adhering to the Bankruptcy Code Text

July 14, 2020

Secured Lender

Reminder: Post-Judgment Interest on Indiana State-Court Judgments Tolled Until August 15, 2020

July 14, 2020

Secured Lender

Indiana Moratorium on Residential Property Evictions and Mortgage Foreclosures Will Continue Through the End of July 2020

July 5, 2020

Financial Services

US Supreme Court Rules Structure of the CFPB Unconstitutional, Preserves Bureau's Authority to Operate

June 30, 2020

Secured Lender

CFPB Aims to Ease Servicer Loss Mitigation Efforts and Encourage Small Dollar Loans with New No-Action Letter Templates

June 28, 2020

Secured Lender

A Bankruptcy Court Weighs In: Do Force Majeure Clauses Excuse Commercial Tenants from Paying Rent?

June 23, 2020

Secured Lender

Eviction and Foreclosure Moratoriums Extended to August 31, 2020 for Federally-Backed Mortgages

June 17, 2020

Secured Lender

Changes are Coming to the Indiana Consumer Credit Code - Are you Ready?

June 15, 2020

Secured Lender

TILA and the Right of Rescission: Illinois Adopts One-Year Limitation Period

June 10, 2020

Financial Services

OCC Issues Advance Notice of Proposed Rulemaking Regarding Digital Banking Activities

June 8, 2020

Secured Lender

A Hospital's Bankruptcy Filing Dramatically Changes the Equation for Medical Providers

June 8, 2020

Secured Lender

Indiana Supreme Court Extends Partial Protection of CARES Act Recovery Rebates

May 31, 2020

Financial Services

CFPB Provides Flexibility to Financial Institutions When Dealing with Billing Errors, Payment Rules and Deposit Accounts Terms Related to the COVID-19 Pandemic

May 17, 2020

Secured Lender

Commercial Collection Issues in a COVID-19 Economy

May 10, 2020

Secured Lender

Preparing for the (Likely) Coming Wave of Bankruptcies

May 4, 2020

Secured Lender

Illinois Eviction Moratorium: Relief Extended to Non-Residential Tenants

April 28, 2020

Secured Lender

COVID-19 and Supplemental Proceedings: Illinois Supreme Court Provides Guidance

April 28, 2020

Secured Lender

COVID-19 and the Mortgage Industry: Embracing the Virus on the Legislative and Regulatory Front

April 26, 2020

Financial Services

Paycheck Protection Program and Health Care Enhancement Act Update

April 21, 2020

Secured Lender

Indiana Supreme Court Orders Partial Protection of CARES Act Recovery Rebates Payments

April 20, 2020

Secured Lender

Federal Reserve Announces the Main Street Lending Program

April 16, 2020

Financial Services

Interagency Statement on Loan Modifications and Reporting for Financial Institutions

April 14, 2020

Secured Lender

Important Updates On PPP Loans - Recent SBA Guidance

April 9, 2020

Secured Lender

Indiana Expedites Implementation of Remote Notary Statute - Part I

March 29, 2020

Financial Services

The CARES Act: Provisions Directly Affecting Financial Institutions

March 26, 2020

Financial Services

The CARES Act: Flexibility for Lenders

March 26, 2020

Secured Lender

The CARES Act: Creditors' Rights & Bankruptcy

March 26, 2020

Financial Services

A Message from Krieg DeVault LLP's Creditors' Rights and Bankruptcy Practice Group on Our Response to the Coronavirus COVID-19 Pandemic

March 23, 2020

Financial Services