Joe Daly has over 35 years experience practicing depository institutions law.  His practice primarily involves representing bank and thrifts, bank holding companies and savings and loan holding companies before federal and state bank regulatory agencies.  Mr. Daly advises clients as to the bank chartering process, strategic planning, applications and licensing, mergers and acquisitions, securities offerings, corporate reorganizations, charter conversions and other corporate transactions.  He also counsels bank and thrift clients regarding regulatory compliance, supervisory and enforcement matters and day-to-day operational and corporate governance issues.  He has represented clients in appellate litigation involving bank regulatory matters, served as a consultant in litigation involving bank regulatory issues and was general counsel to a coalition of banks and thrifts organized to represent their policy positions before Congress and the regulatory agencies.

Mr. Daly has written numerous articles on bank and thrift topics in legal and industry publications.  He is co-author of “Banking Law in the United States” (Juris Publishing, 4th edition 2011) which is a banking law treatise.  He was also a contributing author to “Banks and Thrifts:  Government Enforcement and Receivership” (Matthew Bender, 1998).

Prior to entering private practice, Mr. Daly was an attorney with the Office of the Comptroller of the Currency.


Practice Areas:


Representative Transactions:

  • BlueRidge Bank, Frederick, Maryland, and Monument Bank, Bethesda, Maryland, as to securing their de novo bank charters and federal deposit insurance and raising capital; subsequent regulatory and corporate governance matters arising out of operations and ultimate mergers into a larger institution.
  • Berkshire Bank, Pittsfield, Massachusetts, with respect to regulatory matters and applications concerning the acquisitions of Hampden Bank, Springfield, Massachusetts; Commerce Bank & Trust Company, Worcester, Massachusetts; Beacon Federal, East Syracuse, New York; First Choice Bank, Lawrenceville, New Jersey; The Connecticut Bank & Trust Company, Hartford, Connecticut, Savings Institute Bank & Trust Company, Willimantic, Connecticut, 20 New York branches from Bank of America, Charlotte, North Carolina and Firestone Financial LLC, Needham, Massachusetts.
  • Northwest Bank, Warren, Pennsylvania, with respect to regulatory matters and applications concerning its acquisitions of 18 New York branches from Key Bank, Cleveland, Ohio, and mergers with Union Community Bank, Mount Joy, Pennsylvania; Lorain National Bank, Lorain, Ohio and MutualBank, Muncie, Indiana.
  • First Interstate Bank, Billings, Montana, as to regulatory matters and applications in connection with the acquisitions of Flathead Bank of Big Fork, Bigfork, Montana; Bank of the Cascades, Bend, Oregon; Inland Northwest Bank, Spokane, Washington; Idaho Independent Bank, Coeur d’Alene, Idaho and Community First Bank, Post Falls, Idaho.
  • Bristol County Savings Bank, Taunton, Massachusetts, and its parent mutual holding company, Beacon Bancorp; Newton Federal Bank, Covington, Georgia and its parent mutual holding company, Community First Bancshares, MHC; Bank 34’, Alamogordo, New Mexico, and its parent mutual holding company, AF Mutual Holding Company; and Union Savings and Loan Association (a mutual association), New Orleans, Louisiana, concerning regulatory matters and applications with respect to their acquisitions of stock holding companies and banks.
  • Phoenixville Federal Bank & Trust, Phoenixville, Pennsylvania; Kearny Bank, Kearny, New Jersey; Hamilton Bank, Baltimore, Maryland and Dime Community Bank, Brooklyn, New York, with respect to conversions of their charters.