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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.

Crane Credit Union

Acquisition of Community State Bank of Southwestern Indiana

Merchants Bancorp

$175 Million Public Offering of Preferred Stock

Old National Bancorp

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

Teachers Credit Union

Acquisition of New Buffalo Savings Bank

First Merchants Bank

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

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

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)

Merchants Bancorp

Low Income Housing Tax Credit Equity Fund for Merchants Capital Investments, LLC

Indiana Members Credit Union

Acquisition of Commerce Bank

Lake City Bank

Credit Facilities Extended to LaPorte FC, LLC Involving Construction Loan, Bridge Loan, TIF, Bonds and Tax Credits for Mixed-Use Project

Associated Bank, National Association

Syndicated Construction Financing Extended to Fort Living, LLC for 261-Unit Multi-Family Project in Lawrence, IN

First Financial Bank

Syndicated Construction Financing Extended to Mt. Comfort Building I, LLC and Mt. Comfort Building II, LLC for Industrial Buildings

Old National Bank

Financing Extended to 1260 IP Med LLC for the Construction of a Facility for OrthoIndy

  • 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
Firm News and Events

April 16, 2024
Senior Associate Alex Bowman Selected as a Michiana Forty under 40 Award Recipient

Financial Services

April 4, 2024
U.S. Treasury Issues Report on Artificial Intelligence on Specific Cybersecurity Risks in the Financial Services Sector

Financial Services

March 13, 2024
New Indiana Law Will Clarify How Financial Institutions May Make Changes to Deposit Account Agreements

Secured Lender

November 2, 2023
President Biden Issues Executive Order on Artificial Intelligence

Financial Services

October 9, 2023
California Commercial Lenders Beware: UDAAP Doesn’t Only Apply to Consumer Lending Anymore

Business

August 31, 2023
Is Your Business Ready? Preparing for and Complying with the Corporate Transparency Act

Financial Services

June 26, 2023
Disclosing Fees Paid to BMV Vendors For E-Filing Lien Interests

Firm News and Events

June 1, 2023
Michael D. Zaradich Joins Krieg DeVault's Commercial & Real Estate Lending Practice

Financial Services

April 13, 2023
Are We in a Banking Crisis? What the Silicon Valley and Signature Banks’ Failure Tell Us About the Future of Financial Institutions (Podcast)

Litigation

March 23, 2023
Indiana Supreme Court Limits the Ability of Indiana Financial Institutions to Amend Account Agreements

Secured Lender

February 13, 2023
New York DFS Issues Final Commercial Lending Disclosure Regulation

Financial Services

February 1, 2023
CFPB Issues Proposed Credit Card Late Fee Rule

Firm News and Events

January 30, 2023
Known By the Successful Company We Keep® - Krieg DeVault Issues Annual Ad Showcasing Transactions from Many of Our Valued and Successful Clients

Financial Services

January 25, 2023
State and Federal Policy on ESG Issues Creates Tensions for Financial Institutions

Firm News and Events

January 1, 2023
John B. Baxter Named Chair of Krieg DeVault’s Commercial and Real Estate Lending Practice 

Firm News and Events

November 1, 2022
Krieg DeVault Adds Associates Andrew N. Warner, Katelyn E. Doering, Alexus D. Lucas, and Michael J. Moser

Financial Services

October 27, 2022
President Biden Weighs in on Financial Services “Junk Fees”

Firm News and Events

October 17, 2022
Krieg DeVault Expands Chicago Office with Financial Services Partners Laurie A. Martin Montplaisir and Parker E. Lawton

Financial Services

September 29, 2022
CFPB Announces Consent Order with Bank for "Authorized-Positive Overdraft Transactions"

Firm News and Events

September 27, 2022
Jeffrey L. Ledbetter Joins Krieg DeVault’s Financial Institutions Practice

Firm News and Events

August 18, 2022
13 Krieg DeVault Attorneys Recognized by 2023 Best Lawyers®; 7 Named to the 2023 Best Lawyers in America® Listing; 1 Receives “Lawyer of the Year” Designation; 6 Receive “Ones to Watch” Designation

Financial Services

June 23, 2022
Your Customer Is Heading Towards Bankruptcy, What Should You Do Now?

Financial Services

June 2, 2022
Recent Developments in Fair Lending Discrimination as a UDAAP Violation and Algorithmic Redlining

Financial Services

March 31, 2022
Indiana’s Newly Passed LIBOR Legislation Immediately Preempted by Federal Counterpart

Financial Services

March 21, 2022
CFPB Significantly Expands UDAAP Authority to Address Discrimination

Firm News and Events

February 28, 2022
Patrick Fagan Joins Krieg DeVault’s Commercial and Real Estate Lending Practice

Firm News and Events

February 1, 2022
Julie A. Johnsten and Crystal L. Stallworth Join Krieg DeVault as Paralegals

Secured Lender

January 28, 2022
Indiana Senate Bill Would Replace LIBOR When Necessary

Firm News and Events

January 26, 2022
Krieg DeVault Announces 2022 Senior Associate Promotions

Financial Services

August 18, 2021
Federal Agency Raises Lending Concerns Within Hemp Industry

Litigation

June 23, 2021
Arbitration Clauses: Things Every Financial Institution Should Consider Before Agreeing to Arbitrate [WEBINAR]

Litigation

May 26, 2021
Want to Change a Joint Account? Put it in Writing!

Litigation

April 23, 2021
SEA 370 Signed Into Law, Effective Immediately

Secured Lender

April 20, 2021
Secure and Fair Enforcement (SAFE) Banking Act Passes U.S. House…Again

Litigation

April 7, 2021
Supreme Court Confirms that to Violate the TCPA your Automatic Telephone System Must Use a Random or Sequential Generator

Secured Lender

March 31, 2021
President Signs COVID-19 Bankruptcy Relief Extension Act of 2021

Secured Lender

December 16, 2020
CFPB Issues Finalized Changes To Regulation F To Implement The Fair Debt Collection Practices Act

Secured Lender

November 13, 2020
The Importance of Paying Attention to Notices Received in Bankruptcy Cases: Creditor Misses Proof of Claim Bar Date and Loses Claim for $2 Million

Secured Lender

November 12, 2020
Indiana Supreme Court Further Extends Partial Protection of CARES Act Recovery Rebates

Secured Lender

November 11, 2020
OCC Issues Final "True Lender" Rule

Secured Lender

October 1, 2020
IRS Instructs Lenders not to File Form 1099-C for Forgiveness of Paycheck Protection Program Loans

Secured Lender

September 18, 2020
Student Loan Dischargeability: Recent Developments

Secured Lender

July 31, 2020
Moratorium on Indiana Residential Foreclosures and Evictions Extended Through August 14, 2020

Secured Lender

July 14, 2020
Reminder: Post-Judgment Interest on Indiana State-Court Judgments Tolled Until August 15, 2020

Secured Lender

July 14, 2020
Seventh Circuit Court of Appeals Reaffirms the Necessity of Adhering to the Bankruptcy Code Text

Secured Lender

July 5, 2020
Indiana Moratorium on Residential Property Evictions and Mortgage Foreclosures Will Continue Through the End of July 2020

Financial Services

June 30, 2020
US Supreme Court Rules Structure of the CFPB Unconstitutional, Preserves Bureau's Authority to Operate

Secured Lender

June 28, 2020
CFPB Aims to Ease Servicer Loss Mitigation Efforts and Encourage Small Dollar Loans with New No-Action Letter Templates

Secured Lender

June 23, 2020
A Bankruptcy Court Weighs In: Do Force Majeure Clauses Excuse Commercial Tenants from Paying Rent?

Secured Lender

June 17, 2020
Eviction and Foreclosure Moratoriums Extended to August 31, 2020 for Federally-Backed Mortgages

Secured Lender

June 15, 2020
Changes are Coming to the Indiana Consumer Credit Code - Are you Ready?

Secured Lender

June 10, 2020
TILA and the Right of Rescission: Illinois Adopts One-Year Limitation Period

Financial Services

June 8, 2020
OCC Issues Advance Notice of Proposed Rulemaking Regarding Digital Banking Activities

Secured Lender

June 8, 2020
A Hospital's Bankruptcy Filing Dramatically Changes the Equation for Medical Providers

Secured Lender

May 31, 2020
Indiana Supreme Court Extends Partial Protection of CARES Act Recovery Rebates

Financial Services

May 17, 2020
CFPB Provides Flexibility to Financial Institutions When Dealing with Billing Errors, Payment Rules and Deposit Accounts Terms Related to the COVID-19 Pandemic

Secured Lender

May 10, 2020
Commercial Collection Issues in a COVID-19 Economy

Secured Lender

May 4, 2020
Preparing for the (Likely) Coming Wave of Bankruptcies

Secured Lender

April 28, 2020
Illinois Eviction Moratorium: Relief Extended to Non-Residential Tenants

Secured Lender

April 28, 2020
COVID-19 and Supplemental Proceedings: Illinois Supreme Court Provides Guidance

Secured Lender

April 26, 2020
COVID-19 and the Mortgage Industry: Embracing the Virus on the Legislative and Regulatory Front

Financial Services

April 21, 2020
Paycheck Protection Program and Health Care Enhancement Act Update

Secured Lender

April 20, 2020
Indiana Supreme Court Orders Partial Protection of CARES Act Recovery Rebates Payments

Secured Lender

April 16, 2020
Federal Reserve Announces the Main Street Lending Program

Financial Services

April 14, 2020
Interagency Statement on Loan Modifications and Reporting for Financial Institutions

Secured Lender

April 9, 2020
Important Updates On PPP Loans - Recent SBA Guidance

Secured Lender

March 29, 2020
Indiana Expedites Implementation of Remote Notary Statute - Part I

Financial Services

March 26, 2020
The CARES Act: Provisions Directly Affecting Financial Institutions

Financial Services

March 26, 2020
The CARES Act: Flexibility for Lenders

Secured Lender

March 26, 2020
The CARES Act: Creditors' Rights & Bankruptcy

Financial Services

March 23, 2020
A Message from Krieg DeVault LLP's Creditors' Rights and Bankruptcy Practice Group on Our Response to the Coronavirus COVID-19 Pandemic

Financial Services

March 22, 2020
Financial Services Regulators Respond to COVID-19

Secured Lender

March 8, 2020
Indiana Court of Appeals Expands De Facto Merger Exception to the General Rule Regarding Corporate Liability for Debts

Secured Lender

February 19, 2020
Seventh Circuit Confirms that the Bankruptcy Code Expressly Subordinates a Seller's Reclamation Claim to the Prior Rights of a Secured Creditor

Secured Lender

February 19, 2020
Indiana Supreme Court Rejects Imposition of “Rule of Reasonableness” on the Statutes of Limitations Applicable to a Lender's Pursuit of a Defaulted Mortgage Installment Promissory Note

Financial Services

January 26, 2020
NCUA Issues Proposed Rule Allowing Some Credit Unions to Issue Subordinated Debt

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.

Crane Credit Union

Acquisition of Community State Bank of Southwestern Indiana

Merchants Bancorp

$175 Million Public Offering of Preferred Stock

Old National Bancorp

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

Teachers Credit Union

Acquisition of New Buffalo Savings Bank

First Merchants Bank

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

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

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)

Merchants Bancorp

Low Income Housing Tax Credit Equity Fund for Merchants Capital Investments, LLC

Indiana Members Credit Union

Acquisition of Commerce Bank

Lake City Bank

Credit Facilities Extended to LaPorte FC, LLC Involving Construction Loan, Bridge Loan, TIF, Bonds and Tax Credits for Mixed-Use Project

Associated Bank, National Association

Syndicated Construction Financing Extended to Fort Living, LLC for 261-Unit Multi-Family Project in Lawrence, IN

First Financial Bank

Syndicated Construction Financing Extended to Mt. Comfort Building I, LLC and Mt. Comfort Building II, LLC for Industrial Buildings

Old National Bank

Financing Extended to 1260 IP Med LLC for the Construction of a Facility for OrthoIndy

Focus Areas

  • 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