Gregory K. Bader, Gunster attorney and leader of the firm’s banking & financial services law practice, was profiled in the Daily Business Review’s Dealmakers section for his work on the Stonegate Bank acquisition of Regent Bancorp that closed Sept. 15, 2016.
According to the DBR, this most recent acquisition by Stonegate makes it the ninth-largest Florida bank based on asset value.
The Regent acquisition was complex, Bader says in the DBR profile, because of the need to merge a holding company with Stonegate, which required some legal maneuvering because Florida law doesn’t allow a holding company to directly merge with a bank.
Getting Stonegate shareholder approval was another hurdle that made the deal unlike the norm, Bader added.
Bank growth through mergers and acquisitions offers smaller institutions leverage in terms of regulatory obligations and costs in a competitive industry, Bader points out in the profile. That Stonegate is a publicly traded stock is an added bonus for new shareholders.
Bader has been involved with mergers and acquisitions for numerous public and private financial institutions operating inside and outside of Florida.
Read the article: $40M bank deal closes with others in the works (Daily Business Review, 9/27/16) – note: subscription required.
- Stonegate/Regent: Stonegate Bank to acquire Davie-based Regent Bank (Sun Sentinel, 4/26/16)
- Stonegate/Insignia: Stonegate Bank announces second acquisition of 2016 (South Florida Business Journal, 8/25/16)
- Stonegate/Community Bank of Broward:
- Gunster dealmakers profiled in Daily Business Review for Stonegate Bank merger (Gunster.com news, 2/2/15)
- $66.7M deal closes: Stonegate Bank, Community Bank of Broward merged (Gunster.com alerts, 1/13/15)
- Stonegate Bank acquires Community Bank of Broward (South Florida Business Journal, 1/9/15)