Banking Law
Compliance Solutions for Your Financial Companies
Increased competition, regulatory reform and economic downturn present a challenging scenario for businesses and financial institutions. Top-rated banking law attorneys on our team represent and advise financial institutions on a variety of matters.
Any transaction or deal between borrowers and lenders must be in compliance with a variety of banking laws.
Having represented parties on both the lending and borrowing side of financing, we provide our clients an informed view and a unique perspective. From banking compliance to loan documentation and bank fraud investigations, the McKenna Storer team has a wealth of practical experience to help you successfully navigate the legal complexities of today’s financial services industry.
A Comprehensive Range of Banking Law Services
SBA Loans
At McKenna Storer, we assist lenders nationwide to properly process the United Sates Small Business Administration (SBA) 7(a), 504(c) loans, lines of credit, loan modifications, loan workouts, and loan review post closing. We have extensive experience in commercial real estate, franchises, agreements or contracts between parties, and navigating all SBA requirements. Our documents are prepared to ensure SBA compliance, legal review of necessary agreements, proper lien position of all collateral, and most importantly, clear, concise documentation to avoid any issue should there be an event of default. Bank protection is our number one goal.
Loans
Advising banks and financial firms on all lending matters including structuring of loans, enforcement of loan collateral and claims of malpractice.
Transactional matters
Drafting legal documents, customer agreements, sale or purchase agreements, loan documentation, and more
Breach of contract and business claims
Providing representation for officials in banks and other financial institutions in court
Banking fraud investigations
Managing investigations and representing financial institutions faced with fraud charges
Bankruptcy creditor committee representation
Promoting and protecting creditor’s rights in bankruptcy and insolvency cases
Banking Compliance
Providing counsel and defense on compliance matters
Foreclosures
Handling loss mitigation issues, providing foreclosure defense
Franchise Operations & Financing
Representing both sides—franchisors and franchisees—to draft franchise agreements, negotiate royalty terms, licensing agreements, disclosure documents, protection of trademarks, copyrights and intellectual property, distribution, litigation, legislation, lease terminations, and all other matters related to franchise law
Enforcement of regulatory action not only disrupts your daily banking operations but will also damage your organization’s reputation. For decades, McKenna Storer has provided cost-effective legal counsel to Illinois community banks and financial institutions of all sizes. Deep industry knowledge, regulatory expertise and the legal acumen of our attorneys serve to help you identify and steer clear of issues that are likely to impede your business. You can count on us to provide effective defense in the event of compliance, regulatory or litigation issues, and all the assistance you need with transactional matters.
From standardization of customer agreements for banking products and programs, to setting up a new holding company, to selling or buying a branch, and more, our attorneys are updated on the latest developments in banking law and will help you ensure compliance.
Legal Counsel by A Strong Team Experienced in Banking Law
When you hire us, you have a knowledgeable team working to protect and defend your interests. We provide counsel on a wide variety of lending and borrowing issues, including:
- SBA and Standard Loan documentation
- All phases of workout
- Lender liability
- Commercial loan issues
- Lender representation in bankruptcy
The collective experience of our attorneys covers handling litigation and trying cases in both state and federal courts and in jurisdictions across the country. Their deep knowledge of creditor/debtor dynamics and extensive banking litigation experience will help your firm through the most challenging and complex legal scenarios. Rely on our team to offer a unique perspective, apply strategic thinking and devise creative solutions to minimize loss of revenue and time for your organization.
Banking Law Services that Deliver Results
Clients benefit from our personalized and forward-thinking approach that protects their future. Your designated team of attorneys will work closely with you, providing strategic advice to guide your decisions. The goal is to achieve positive outcomes with honesty and transparency governing all our dealings. Give us the opportunity to explore and use a wide array of legal resources to save you time and money. The creative and cost-effective legal strategies we employ are designed to help your Illinois community bank or financial institution secure and maintain a competitive edge.
Call McKenna Storer at 312-558-3900 (Chicago) or 815-334-9690 (Woodstock) for a consultation or to learn more about our banking law compliance services.
