Financial Services

Shumaker Williams, P.C.’s Financial Services Group has substantial experience representing financial institutions including federal and state chartered commercial banks, savings banks, savings and loans, credit unions, securities firms, mortgage companies, financial and bank holding companies, and insurance brokers and agencies on a variety of matters relating to federal and state regulatory and legislative issues. The Firm’s professionals include former regulators from the Pennsylvania and Maryland state banking, insurance and securities departments.

The Firm also represents clients in various types of civil and criminal investigations and enforcement actions. Our attorneys have represented clients in investigations and proceedings before the U.S. Securities and Exchange Commission, the Department of Justice, the Treasury Department, the Federal Reserve Board, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, the Office of Thrift Supervision, as well as Pennsylvania and Maryland financial regulatory agencies.

We work with our financial services clients on issues related to:

• Corporate structure
• Regulation and operation
• Strategic planning
• Internal/corporate governance matters
• Corporate reorganizations

Our attorneys advise clients on compliance programs and practices including matters related to:

• The Bank Holding Company Act
• The Gramm-Leach-Bliley Act
• The fair lending laws
• Examinations by bank regulatory agencies
• Consumer protection and privacy
• The Bank Secrecy Act
• The Sarbanes-Oxley Act
• Loans to insiders and insider trading
• Stock exchange requirements

The Financial Services Group regularly monitors legislative and regulatory developments in the U.S. Congress, the Pennsylvania and Maryland legislatures, as well as the numerous state and federal regulatory agencies. We advise clients concerning specific legislative and regulatory proposals, often lobbying on behalf of our clients. Additionally, our attorneys assist clients in identifying, developing and implementing strategies so that our clients may capitalize on emerging opportunities in the financial services industry.

The Financial Services Group works closely with other Firm practice groups, such as Mergers & Acquisitions, Securities Law, Corporate & Business Services, and Employment and Labor, on a variety of regulatory issues arising in connection with financial services transactions in order to provide interdisciplinary and cross-departmental advice, with our overriding objective of delivering first-rate comprehensive service.