Sutherland advises Sterling Bank in big Texas transaction

Posted on August 13, 2009 17:01 by Janet Conley

A team of Sutherland lawyers is advising a Houston-based bank in what is reportedly the largest transaction of its kind in Texas this year.

The firm is helping Sterling Bank, a subsidiary of Houston-based Sterling Bancshares Inc., in its purchase and assumption agreement to acquire about $500 million in deposits and 19 Texas bank branches from First Bank, a Missouri state-chartered bank.

Though the deal team is led by Houston-based corporate and financial services partner Annette L. Tripp, two Atlanta lawyers also got in on the action: real estate partner Jennifer R. Van Ness and real estate associate Justin L. Earley. Van Ness could not be reached for comment.

First Bank is represented by Texas-based sole practitioner John S. Daniels.

The deal, which is expected to close in the fourth quarter, also will allow Sterling to purchase about $230 million in consumer and business loans from First Bank, according to information in the company’s filings with the Securities and Exchange Commission.


More about:
E-mail | Share on Facebook | del.icio.us | Permalink | Add a comment | Comments (1) | Comment RSSRSS comment feed

Comments

Comments are closed
ADVERTISEMENT
An Affiliate of the Law.com Network
Sign up to receive Legal Blog Watch by email
From the Law.com Newswire

[about RSS] Law.com Privacy Policy

Categories

Recent posts

Archive

About this blog

Janet ConleyThe Deal Watch Blog is devoted to bringing you the latest news in business law in Atlanta, the Southeast and the U.S. The lead writer is Daily Report associate editor Janet L. Conley.

Janet L. Conley is an attorney who returned to journalism after practicing law with Akin, Gump, Strauss, Hauer & Feld in Washington and with the Georgia Legal Services Program in Atlanta.

During her tenure at the Daily Report, Janet, now the paper's associate editor, has covered law firm economics and management, business and federal courts. In 2007, she received the Georgia Associated Press Story of the Year award and the Atlanta Press Club’s Journalist of the Year award, both for small circulation newspapers, for "Green to Gold," a series of articles on how climate change will alter business and the law.

Janet has written for The American Lawyer magazine and the National Law Journal, among other publications. She also served as managing editor of GC South magazine.

Janet holds a journalism degree from Southern College and a juris doctor degree from the University of Pennsylvania. She lives in Decatur with her husband Mark Harper, also an attorney, and their three children.

She can be reached at jconley@alm.com.

Andy PetersThe contributing writer is Daily Report staff reporter Andy Peters.

Andy Peters has been a journalist since graduating from Furman University in 1992. A short list of the subjects he’s covered includes the Georgia state Legislature, the U.S. semiconductor industry, the Alabama-Florida-Georgia “water wars” litigation, the 1999 American Airlines pilots strike, Coca-Cola and PepsiCo’s battle to acquire the Gatorade sports-drink brand, indie rock music and high school football. Andy has written for Bloomberg News, the New York Times Web site, the Macon Telegraph, the Spartanburg (S.C.) Herald-Journal and the Atlanta Business Chronicle.

Andy has written the Deal Watch column for the Daily Report since March 2006. He was born in Chattanooga, Tenn. in 1971 and grew up in Ringgold, Ga. He lives in Decatur with his wife and two children.

He can be reached at apeters@alm.com.

Blogroll







Sign in