The primary focus of Rodgin Cohen’s practice is acquisition, corporate governance, regulatory and securities law matters for major U.S. and non-U.S. banking and other financial institutions and their trade associations. Mr. Cohen and S&C are at the vanguard of critical issues and developments affecting financial institutions, and S&C has remained the chosen firm of leading global financial institutions seeking non-traditional investments, sales and restructuring arrangements in connection with the global credit crisis.
In the acquisitions area, Mr. Cohen has been engaged in most of the major bank acquisitions in the United States, including Wells Fargo-Wachovia, PNC-National City, Toronto Dominion-Commerce, Bank of New York-Mellon Financial, Regions-AmSouth, Wachovia-Golden West, Wachovia-SouthTrust, Chase-Bank One, First Union-Wachovia, U.S. Bancorp-Firstar, Wells Fargo-Norwest, Wells Fargo-First Interstate, Chemical-Chase, First Union-First Fidelity, Key-Society, NationsBank-C&S, and Bank of New York-Irving, as well as numerous other acquisitions.
In cross-border and non-U.S. transactions, he was engaged in Bank of Montreal-M&I, BlackRock-Barclays Global Investors, Banco Santander-Sovereign, Mitsubishi UFG-Morgan Stanley, Barclays-Lehman, MUFG-UnionBanCal, Standard Chartered-American Express Bank, Goldman Sachs-Sumitomo, Allianz-Dresdner, UBS-PaineWebber, Credit Suisse-DLJ, Société Générale-Paribas, Dexia-FSA, Mitsubishi-Bank of Tokyo, Credit Suisse-First Boston, Royal Bank of Canada-Bank of Montreal and acquisitions or divestitures by Barclays Bank, National Westminster, Midland Bank, Lloyds Bank, Bank of Ireland and Istituto Bancario San Paolo di Torino.
He has also worked on a number of major cross-industry and private equity acquisitions, including JPMorgan Chase-Bear Stearns, Merrill Lynch-BlackRock, J.C. Flowers-Sallie Mae, Mellon-Dreyfus and NationsBank-Montgomery, as well as acquisitions in the insurance industry, including Anthem-WellPoint and Manulife-Hancock.
In addition, Mr. Cohen has advised a number of major foreign banks in connection with the establishment of offices in the U.S., including China Merchants Bank Co., Ltd., which recently received approval from the Board of Governors of the Federal Reserve System to establish a branch in New York, New York. This was the first Chinese bank to receive the Board’s approval to establish a branch in the United States since the adoption of the Foreign Bank Supervision Enhancement Act of 1991.
In February 2011, Mr. Cohen was named a BTI Client Service All-Star, and also one of BTI’s Client Service MVPs, a select group of 25 lawyers recognized by clients year after year.
In March 2010, Mr. Cohen was recognized as one of “The Decade’s Most Influential Lawyers” by The National Law Journal. The publication noted that he has been “a superstar in the legal industry for years.”
In November 2010, Mr. Cohen was inducted into the National Association of Corporate Directors Directorship 100’s Corporate Governance Hall of Fame in recognition of his lasting influence over corporate governance and the boardroom community.
Mitchell Eitel is a member of the Firm’s Financial Institutions and Mergers and Acquisitions Groups. His practice focuses on financial services mergers and acquisitions, securities transactions, private equity investments and bank regulatory matters.
Mr. Eitel’s recent work has included representations of: ABN AMRO in the sale of its Americas private banking business; AmSouth Bancorp in its merger with Regions Financial and in the sale of its credit card and mutual fund businesses; Bank of Montreal, as parent to Harris N.A., in the FDIC-facilitated acquisition of Amcore Bank by Harris; The Bank of New York in the swap of its retail banking business and JPMorgan Chase’s corporate trust business and in the merger with Mellon; Fifth Third Bancorp in the partial sale of Fifth Third Processing Solutions to Advent International; First Niagara Financial Group in its combination with NewAlliance BancShares; First Southern Bancorp in its supercapitalization; HSBC in the sale of its card and retail services business in the United States to Capital One Financial Corporation – the largest credit card portfolio transaction ever done; HSBC Holdings in its pending $1 billion sale of 195 Upstate New York and Connecticut branches and $15 billion of deposits to First Niagara Bank; Warburg Pincus in its acquisition of a 15% interest in Webster Financial Corporation and a 20.5% interest in Sterling Financial; Barclays PLC in the acquisition of Lehman’s brokerage business, Citigroup in connection with the sale of $12.5 billion in preferred shares to a group of sovereign and other investors, JPMorgan Chase in its acquisition of Washington Mutual Bank; the related $11 billion public financing; and the subsequent bankruptcy proceedings for WaMu’s holding company, and many others.
Mr. Eitel is a frequent speaker and panelist, particularly in the areas of financial services M&A and private equity transactions. He is co-chair of the annual PLI conference, "Understanding Complex Financial Institutions."
Mark Menting is a partner in Sullivan & Cromwell’s Mergers and Acquisitions and Financial Institutions Groups. He became a partner on January 1, 1994. He is listed in Chambers USA as one of America's Leading Lawyers for Business. He specializes in mergers and acquisition, securities, corporate regulatory and strategic matters for U.S. and non-U.S. financial institutions and has broad experience in general corporate and securities law matters.
Mr. Menting regularly advises on mergers and acquisitions in the financial services industry involving banks and thrifts; investment management firms; broker-dealers; mortgage banking companies; insurance companies; and financial technology companies. He also regularly advises on U.S. securities offerings by banks and their holding companies and is a frequent speaker on various topics for financial institutions.
Clients which he has represented in recent transactions include Provident Bankshares, Fiserv, Allianz, National Australia Bank, ING Groep, Standard Chartered Bank, New York Community Bancorp, Barclays Bank, Royal Bank of Scotland, M&T Bank, Smithtown Bancorp, Aquiline Capital Partners in its investment in BNC Bancorp, Sterling Financial and Cullen/Frost Bankers.
He received his B.S. degree with honors from the University of Wisconsin in 1979 and his J.D. degree from the University of Pennsylvania Law School in 1983.