Financial Services Group

Service to the financial institution market is the traditional core practice of Sherrard, German & Kelly. For over 60 years, we have provided solutions to financial institutions for serving their communities, depositors and shareholders within the dynamic framework of regulatory schemes affecting business activities. In coordination with our general corporate, tax, estate and trust planning, and litigation practices, and in cooperation with legal departments or outside general counsel, the Financial Services Group works directly with the business, product, marketing, operations and credit recovery units of financial institutions in secured and unsecured lending transactions and credit recovery matters; in designing and documenting new lending or service products; in regulatory and compliance matters affecting lending and deposit products; and in portfolio sale, acquisition and securitization transactions. The Financial Services Group also assists financial institutions with their purchase, licensing or development of technology.

Ours is a sophisticated financial services practice. Sherrard, German & Kelly’s dedication to providing cost-effective, responsive service and excellent work requires a focused core practice to maximize efficiency, to utilize the appropriate level of resources, and to establish and build long-term relationships.

Representative examples of our services to financial institutions include:

Retail Financial Services

  • General Consumer Credit and Deposit Advisory Activities
  • eCommerce Banking solutions
  • Card – Credit, Debit and Stored Value Product Development and Servicing
  • Product Design and Documentation
  • State and Federal Rate Regulation Analysis
  • Portfolio Acquisitions and Sales (both high grade portfolios and distressed portfolios)
  • Portfolio Due Diligence and Integration / Conversion
  • Asset Securitization
  • Compliance Reviews and Audits
  • Policy and Procedure Manuals
  • Representation before Regulatory Bodies
  • Litigation Defense, including Lender Liability
  • Residential Construction Loan Programs
  • Private Student Loan Program Development
  • Coordination and Management of Multi-State Consumer Product Roll-Out

Commercial, Industrial and Real Estate Lending Services

  • Asset Based Financing
  • Term Loans
  • Real Estate Loans
  • Construction Financing
  • Lines of Credit
  • Letters of Credit
  • Corporate Lending
  • Secured and Unsecured Lending
  • Multi-bank Credit Facilities
  • Intercreditor and Subordinated Debt Transactions

Commercial Credit Recovery

  • Loan Restructures
  • Loan Workouts
  • Asset Sales
  • Bankruptcy and Reorganization
  • Foreclosure
  • Deed-in-Lieu Transactions
  • Liquidation
  • Debtor-in-Possession Financing
  • Creditor Plans of Reorganization

Consumer Collection

  • Foreclosure
  • Consumer Bankruptcy
  • Reaffirmation Transactions
  • Replevin Actions
  • Preference Actions

Commercial Litigation

  • Lender Liability Claims
  • Fraud and Misrepresentation Claims
  • Preference Claims
  • Discharge Litigation
  • UCC Issues
  • Check and Deposit Claims