Lawrence Spaccasi represents financial institutions and their holding companies on a wide range of strategic planning, securities, corporate, executive compensation and regulatory law matters. Mr. Spaccasi has more than 30 years’ experience with financial institutions. He has managed numerous complex corporate reorganizations by both mutual and stock banks, and has completed numerous financial institutions merger and acquisition transactions, mutual-to-stock conversions and mutual holding company reorganizations. He routinely advises boards of directors on corporate governance matters, including stockholder relations and defensive strategies in dealing with activist stockholders.
Prior to entering private practice, Mr. Spaccasi was Senior Counsel with the Division of Enforcement of the U.S. Securities and Exchange Commission’s Financial Institutions Fraud Task Force and Senior Attorney with the Division of Corporation Finance of the U.S. Securities and Exchange Commission in Washington D.C.
Mr. Spaccasi has authored numerous articles and publications and is a frequent speaker on financial institution matters before state and national banking and credit union associations and trade groups, including the American Bankers Association, Connecticut Bankers Association, Independent Community Bankers Association, Massachusetts Bankers Association, New Hampshire Bankers Association, New Jersey Bankers Association, New York Bankers Association, North Carolina Bankers Association, Pennsylvania Association of Community Banks, Pennsylvania Bankers Association, Virginia Bankers Association and Vermont Bankers Association.
- Capital Markets and Corporate Finance
- Debt and equity offerings
- Mutual-to-stock conversions
- Mutual holding company reorganizations and stock offerings
- Mergers and Acquisitions
- Bank Regulatory and Enforcement Services
- Bank regulatory and enforcement
- Charter conversions
- Credit union charter conversions
- Corporate Governance
- Public Company Reporting and Shareholder Relations
Represented Berkshire Hills Bancorp. Inc., Pittsfield MA, in its $209 million acquisition of Commerce Bancorp, Inc.
Represented Berkshire Hills Bancorp. Inc. Pittsfield MA, in its $160 million common stock offering.
Represented Dime Community Bank, New York, NY, in its issuance of $115 million of subordinated debt securities and redemption of $71 million of trust preferred securities.
Represented Kearny Financial Corp., Kearny NJ, in its $408 million acquisition of Clifton Bancorp, Inc.
Represented Kearny Financial Corp., Kearny NJ, in its $717 million second-step mutual holding company conversion.
Represented Sandler O’Neill and Partners L.P., New York, NY, as underwriter’s counsel in HarborOne Bancorp’s $144 million mutual holding company minority stock offering.
Represented Blue Hills Bancorp, Inc., Boston MA, in its $726 million sale to Independent Bank Corp.
Represented Blue Hills Bancorp, Inc., Boston MA, in its $227 million mutual to stock conversion and concurrent holding company formation.
Advised Corporación Interamericana para el Financiamiento de Infraestructura, S.A., Panama City, Panama, in connection with the restructuring of its corporate governance systems, policies and procedures to international best practices standards and corresponding amendments to its shareholder’s agreement.
Represented Provident Bancorp, Inc., Amesbury, MA, in its $49 million mutual holding company minority stock offering.
Represented Nesquehoning Savings Bank, Nesquehoning, Pennsylvania, in its acquisition by JNTB Bancorp, Inc., in a precedent setting transaction involving the acquisition of a Pennsylvania mutual savings bank by a national bank.
Represented Meridian Interstate Bancorp, Inc. and East Boston Savings Bank in their acquisition of Mt. Washington Cooperative Bank in a precedent setting transaction involving the acquisition of a Massachusetts mutual bank by a publicly traded mutual holding company. This transaction was the first acquisition of a Massachusetts mutual bank by a publicly-traded mutual holding company.
Represented Hampshire First Bank, Manchester, New Hampshire, in its de novo formation and public offering combined with a minority partnership investment by a bank holding company.