The lawyers at Gray Plant Mooty recognize that clients have a right to expect quality, responsiveness, and understanding from their counsel. Each is as important to us today as it was when the firm was founded in 1866. We believe that the lawyer-client relationship is ultimately a personal one, and that there is still a place for the lawyer as counselor. Our clients value our integrity, loyalty, and entrepreneurial spirit.
GPM has a long history of serving financial institutions of all sizes with a special affinity for community banks. We provide a wide range of services to our community bank clients. Our understanding of this arena enables us to provide creative and practical solutions on legal, regulatory and compliance matters.
Our Community Bank team supports bank clients in matters of:
Gray Plant Mooty advises community bank clients on a wide variety of commercial lending activities and is experienced and prepared to help its clients efficiently and effectively complete transactions in a highly competitive commercial-capital marketplace. GPM regularly assists clients with loans and financing of all types and sizes, including:
Our lawyers also regularly represent lenders regarding multi-lender issues arising out of:
We advise our clients on a variety of consumer lending issues. We represent clients in matters ranging from mortgage loans to HELOCS to automobile finance and retail installment contracts. We have assisted community bank clients with matters involving:
In addition to our expertise in assisting community banks complete foreclosures and other work-out scenarios, GPM lawyers have broad experience counseling clients on the management and disposition of collateral acquired by community banks. We understand that once collateral has been acquired, a bank’s goals for the collateral are typically to manage risk, maximize value, and divest the asset in a timely manner. GPM’s Community Banking Team is well situated to assist clients in achieving these goals on both a strategic and tactical level, including:
Commercially available “form” documents are not very flexible and do not provide lenders the protections that lawyer prepared documents do, but the economics of many deals do not allow for the expense of lawyer prepared documents. GPM’s Community Banking team provides limited documentation and/or due diligence services on loans require more work. These services include:
GPM lawyers understand the rules that govern your operations and have extensive experience in supporting our clients’ consumer compliance and operations functions. We provide counsel to community banks in matters including:
• deposit products/accounts
• mobile banking
• safe deposit operations
• IT infrastructure
• electronic banking
• credit reporting and FCRA/FACTA
• truth in savings
• technology contracting
• privacy compliance
• outsourcing due diligence
• online banking
Our lawyers provide counsel to community banks and their officers and Boards of Directors on a variety of matters, including the development of Board policies, adoption of organizational changes, mergers and acquisitions, conflicts of interest, and management and compensation matters. Because our lawyers have experience serving on multiple boards we understand board responsibilities from a board member’s perspective.
We have assisted bank and bank holding company owners with a variety of ownership issues. We understand the complex regulations that restrict the free transfer of bank and bank holding company stocks and are experienced in advising bank owners on their succession planning needs. GPM estate planners use a variety of estate planning techniques to help our clients achieve their goals, including:
Gray Plant Mooty is recognized as one of the leading corporate law firms in Minnesota and one of the top franchise firms in the world. Our roots go back to 1866. Today, we are a full-service firm with nearly 180 attorneys and offices in Minneapolis and St. Cloud, Minnesota; Washington, D.C.; and Fargo, North Dakota.