Gregory K. Bader, leader of Gunster's banking and financial services law practice, was featured in a Daily Business Review print article today, for the second time in the past six months.
Bader represented Stonegate Bank in the $36.5 million acquisition of Sarasota-based Insignia Bank. The deal was agreed to in mid-2016, and closed earlier this month.
He guided the banking deal over a period of time when the agreed-upon shares rose in value from $36.5 million to $48.1 million, according to the DBR article. Insignia shareholders benefitted thanks to the 'Trump bump,' Bader says in the article – referring to the stock market rise amid expectations of raised interest rates and relaxing of banking industry regulations after the 2016 presidential election.
Insignia shareholders overwhelmingly voted to sell in mid-December, the DBR article reports.
Bader worked on the Stonegate/Insignia merger and deal negotiations, with assistance from Gunster banking and financial services attorney Gus Schmidt and tax attorney Freddie Brackin. Gunster corporate lawyer Tom Hickey handled executive compensation.
Earlier this week, South Florida-based Stonegate Bank announced its agreement to be acquired by Home BancShares, based in Arkansas.
Gunster attorneys have also worked on the Stonegate acquisitions of Florida Shores Bancorp, Community Bank of Broward, and Regent Bancorp in the past few years. Stonegate went public in 2014, with legal assistance from Gunster's Bader and Schmidt.
Read the article: Gunster guides bank deal as share value climbs (Daily Business Review, 3/28/17) - note: subscription required.
Last fall, Bader was profiled in the DBR's Dealmakers section for his work on another Stonegate Bank acquisition, this time of Regent Bancorp, which deal closed Sept. 15, 2016.
Bader focuses his law practice on mergers and acquisitions, regulatory compliance, securities offerings, and more. He has assisted numerous companies and financial institutions with their transactional and regulatory needs.
