Jeff Cardone specializes in the representation of financial institutions and other corporations and businesses with respect to various transactional matters, including mergers and acquisitions, purchase and assumption transactions, credit union acquisitions of banks, branch sales, mutual-to-stock conversions, mutual holding company formations, public offerings and private placements, charter conversions and ESOP transactions.  Mr. Cardone also assists financial institutions with various corporate, regulatory compliance and enforcement, corporate governance, securities and executive compensation matters.  With regards to executive compensation, Mr. Cardone has a strong background in Sections 280G, 409A, 162(m) and 457(f) of the Internal Revenue Code, and provides tax planning to clients to avoid or mitigate adverse tax consequences thereunder.

Mr. Cardone regularly advises board of directors and management on strategic planning matters and new legal developments impacting their business.  He also regularly speaks about mergers and acquisitions, corporate governance, regulatory and compensation matters to various financial institutions industry groups, including New York Bankers Association, the Independent Bankers Association of New York State, New York Credit Union Association, Independent Community Bankers Association of Minnesota, Indiana Bankers Association, South Carolina Bankers Association and Wisconsin Bankers Association.


Practice Areas:


Representative Transactions:

  • Riverview Financial Corporation, Harrisburg, PA, in a private placement of $25 million of its subordinated debt securities to accredited investors and qualified purchasers.
  • Pioneer Bancorp, Inc. and its wholly-owned subsidiary, Pioneer Bank, Albany, NY, in its mutual holding company reorganization and $111.7 million public stock offering.
  • Orange County Bancorp, Inc., Middletown, NY, in a private placement of $16.4 million of its common stock to certain accredited investors.
  • Sunshine Bancorp, Inc., Plant City, Florida, in its $176.7 million merger with CenterState Bank Corporation.
  • Mazzone Management Group, Clifton Park, NY, in its sale of certain assets and business units to Compass Group PLC, a multinational contract food service corporation.
  • Hometown Bancorp MHC, Walden, NY, and its wholly-owned subsidiaries, Hometown Bancorp, Inc. and Hometown Bank of the Hudson Valley (together, “Hometown”) in their remutualization of a public mutual holding company as result of Hometown’s merger with Wallkill Valley Federal Savings and Loan Association, a mutual savings and loan association.
  • Monadnock Community Bank, Peterborough, New Hampshire in its sale to GFA Federal Credit Union in a precedent setting transaction involving the first sale of a stock savings bank to a credit union.
  • Investors Bancorp, Inc., Short Hills, New Jersey, in its conversion from a mutual holding company to a stock holding company and concurrent $2.2 billion public offering of common stock, including purchases of common stock by a leveraged ESOP in the offering.