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.
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
Financial Services
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
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
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
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
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
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