Bank Default Response Team

Lewis Brisbois' newly formed Bank Default Response Team – part of the firm's national Banking & Finance Practice – was created to help clients navigate the complex legal issues that arise when insured banks are closed and the Federal Deposit Insurance Corporation (FDIC) is appointed receiver. This team is made up of attorneys with extensive experience in banking, finance, and securities law, as well as government investigations, litigation, and dispute resolution, and is led by Washington, D.C. Partner Thomas Brooks, a former General Counsel of the FDIC and the U.S. Senate Committee on Banking, Housing, and Urban Affairs.

This team's primary focus is to assist clients who are facing legal challenges resulting from bank closures, including but not limited to loan workouts, bankruptcy proceedings, deposit transfers, asset sales, securities disclosures, government investigations, and director and officer liability claims. Bank closures are unusual events, and the aftermath of a bank closure is unique and challenging on many levels. It is critical for depositors and borrowers to understand their rights and obligations as soon as practicable in order to protect an existing banking relationship or to create a new one if necessary.

Our Bank Default Response Team has years of experience working with state and federal financial regulators to resolve issues that confront both depositors and borrowers. The team is dedicated to providing exceptional client service throughout the legal process and bringing the right legal expertise and cost-effective approach to producing successful outcomes in each matter we take on for our clients.