ATLANTA –Troutman Pepper Locke advised Georgia Banking Company, Inc. (GBC), a community-focused financial institution headquartered in Atlanta, and parent company of Georgia Banking Company, in its merger with Tandem Bancorp, Inc., the parent company of Tandem Bank, and in the related merger of their respective banking subsidiaries. For more information, see the press release.
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 Rica Dela Cruz, Lauren Seay, and Joe Mantone, “CAMELS overhaul could serve as a catalyst for US bank M&A.” The article discusses the Federal Financial Institutions Examination Council’s proposed revisions to the CAMELS rating system, which would shift regulatory emphasis toward an institution’s financial condition and risk profile and reduce the weight historically given to the “Management” component. Commenting on the M&A implications, James noted that lower CAMELS ratings on either the buy or sell side can hold back deals and other growth initiatives, and that raising ratings under a more targeted framework “could encourage M&A” as well as branching and other expansion efforts.
ATLANTA – Troutman Pepper Locke advised DMMS Purchaser, Inc. on the completion of the merger with MC Bancshares, Inc., the holding company for M C Bank & Trust Company (collectively, MCBANK), a Louisiana-chartered state bank. The firm also advised DMMS Purchaser in securing more than $225 million through what is likely one of the largest-ever friends-and-family capital raises for a bank. For more information, see the company’s press release.
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.
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.
Troutman Pepper Locke’s Financial Services Group represented clients in three separate transactions in the last month. Leveraging our nationwide team, we advised clients Burke & Herbert Financial Services Corp. (Burke & Herbert), TAG Bancshares, Inc. (TAG), and DMMS Purchaser, Inc.
Monday, November 10, 2025
James Stevens, partner and co-leader of Troutman Pepper Locke’s Financial Services Industry Group, will present “Bank Partnerships and Banking‑as‑a‑Service: New Pressure and New Opportunities” at Practising Law Institute’s Banking Law Institute 2025 on Monday, November 10, 2025. This daylong advanced-level CLE program will cover recent developments impacting the
Troutman Pepper Locke is pleased to announce that four of its financial services attorneys were recognized under the special designation of “Lawyer of the Year” in the 2026 edition of The Best Lawyers in America®, an honor earned by just one lawyer in each practice area and metropolitan area.
Troutman Pepper Locke client Old Point Financial Corporation, the parent company of The Old Point National Bank of Phoebus (OPNB), and Hampton Roads-based TowneBank recently entered a definitive agreement to merge. Under this agreement, TowneBank will acquire Old Point Financial Corporation, OPNB, and Old Point Trust & Financial Services (Old Point Wealth). For more information
James Stevens, co-leader of Troutman Pepper’s Financial Services Industry Group, was quoted in the December 5, 2024 S&P Global article, “Old National books rare share price gain after announcing large bank deal.”