ATLANTA – Troutman Pepper Locke represented TAG Bancshares, Inc. (TAG), holding company for Citizens Bank & Trust, Inc., in its acquisition by CBS Banc-Corp. (CBS), holding company for CB&S Bank, Inc. The transaction closed on March 31.
Troutman Pepper Locke Advises REPAY in Acquisition of KUBRA
ATLANTA – Troutman Pepper Locke represented Repay Holdings Corporation (REPAY), a leading provider of integrated payment processing solutions, in a definitive agreement to acquire Kubra Data Transfer Ltd. (KUBRA) for approximately $372 million. The acquisition will be financed with a combination of cash on hand and debt financing. For more information, see the press release.
Regulators Rarely Give Credit Unions Full-Weighting in Bank M&A Reviews
James Stevens, partner and co-leader of Troutman Pepper Locke’s Financial Services Industry Group, was quoted in a recent S&P Global Market Intelligence article by Zoe Sagalow and Lauren Seay, “Regulators Rarely Give Credit Unions Full-Weighting in Bank M&A Reviews.” The article examines how federal bank regulators treat credit unions in competitive analyses for bank mergers, including when and how those institutions are counted as “significant competitors” and how their deposits are weighted relative to banks and thrifts.
Lawmakers Look to Codify US Bank Regulators’ Ambitious Agenda
James Stevens, partner and co-leader of Troutman Pepper Locke’s Financial Services Industry Group, was quoted in Zoe Sagalow’s recent article, “Lawmakers look to codify US bank regulators’ ambitious agenda.”
Fiserv, Block Turn to Crypto
James Stevens, co-leader of Troutman Pepper Locke’s Financial Services Industry Group, was quoted in the October 21, 2025 Payments Dive article, “Fiserv, Block Turn to Crypto.”
US Banks’ Brokered Deposit Levels Would Drop Under Pending House Bills
James Stevens, co-leader of Troutman Pepper Locke’s Financial Services Industry Group, was quoted in the October 13, 2025 S&P Global Market Intelligence article, “US Banks’ Brokered Deposit Levels Would Drop Under Pending House Bills.”
FOIA Litigation Unveils Important Supervisory Insights and Needed Reform
Following the Freedom of Information Act (FOIA) litigation brought against the Federal Deposit Insurance Corporation (FDIC) in 2024,[1] on February 5, 2025, the FDIC released hundreds of pages of documents related to its supervision of banks that engaged in, or sought to engage in, crypto-related activities during the last administration. Acting Chairman Hill’s decision to release these documents reflected “a commitment to enhance transparency, beyond what is required by the [FOIA], while also attempting to fulfill the spirit of the FOIA request.”[2]
Where the F(BO) is the Money? Part 3 – DLT Account Ledgering
Guest contributors: Ashley Harris, Thomas Scott, and Isabelle Corbett Sterling, BakerHostetler
This is the final article in our three-part series focused on a key question: as bank-fintech partnerships continue to play a vital role in driving financial services, how does the industry make this system safer and better?
In this final part of our series, we propose a DLT-based account ledgering model designed to prevent failures like Synapse while offering broader benefits. Previously, we examined Synapse’s collapse, the misplaced trust in its ledgers, and potential regulatory responses,[1] including concerns about the Federal Deposit Insurance Corporation’s (FDIC) proposed recordkeeping rule (Records NPR).[2]
Banks Are Pushing Back Against Stablecoin Legislation
Alex Barrage, a partner in Troutman Pepper Locke’s Financial Services Industry Group, was quoted in the March 13, 2025 American Banker article, “Banks Are Pushing Back Against Stablecoin Legislation.”
Congress Narrows in on Stablecoin Legislation: An Analysis of the STABLE and GENIUS Acts
The payment stablecoin (PS) legislative endgame is near. There is a clear imperative from the White House to prioritize stablecoin legislation and preserve the U.S. dollar as the world’s reserve currency. Both chambers of Congress are forming a working group to deliver a clear regulatory framework for digital assets. Bipartisan agreement appears within reach.