Richard Schaberg

"Richard Schaberg is a rock star in financial services law. He is a great speaker and generous with his expertise."

Chambers

Richard Schaberg, head of the U.S. Financial Institutions Practice Group, is a recognized "go to" trusted advisor to financial institutions for all facets of corporate, securities, mergers and acquisitions (M&A) , capital offerings, and complex bank regulatory matters.

For over 30 years, Richard has played a lead role for financial institution clients in debt and equity offerings, M&A, corporate governance matters, proxy contests, securities law compliance, and exchange listing standards. He uniquely combines deep corporate transactional experience with an acute and seasoned knowledge of bank regulatory issues, providing valued business solutions for his regulated bank clients.

Richard practices before the Securities Exchange Commission (SEC), all federal banking agencies — including the OCC, Federal Reserve, FDIC, and NCUA — and most state banking agencies.

Awards and recognitions

2011-2017

Financial Services Regulation: Banking (Compliance) (Nationwide)
Chambers USA

2011-2017

Finance: Financial Services Regulation
Legal 500 US

2012

Mergers, Acquisitions, and Buyouts
Legal 500 US

Education and admissions

Education

J.D., The George Washington University Law School, 1985

B.A., cum laude, Bucknell University, 1981

Memberships

Member, American Bar Association

Member, Federal Bar Association

Member, Massachusetts Bar Association

Member, New York State Bar Association

Trustee, Agawam Council

Bar admissions and qualifications

District of Columbia

New York

Massachusetts

Representative experience

Represented Regions Financial in its partnership with online FinTech small business lender Fundation.

Represented Lake Sunapee Bank Group in its US$143m sale to Bar Harbor Bankshares.

Represented Westfield Financial in its US$110m merger with Chicopee Bancorp, Inc. creating the largest locally managed bank in Hampden County, Massachusetts.

Represented CNB Financial Corporation in its US$24.5m acquisition of Lake National Bank of Mentor, Ohio.

Represented TFB Bancorp, the holding company for The Foothills Bank, in its US$62.4m acquisition by Glacier Bancorp, Inc.

Represented First ULB Corp and its wholly owned subsidiary United Business Bank, FSB, in its US$38m merger with Bay Commercial Bank.

Advised CNB Financial Corporation on its issuance of US$50m subordinated debt.

Represented a US$20bn bank holding company in its negotiation of enforcement orders.

Represents CNB Financial in its acquisition of F&C Financial and its follow-on common stock offering.

Represents Radius Bancorp in its recapitalization by various private equity investors.

Represents Lake Sunapee Bank Group in its acquisition of three banks and one wealth management advisor.

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