Family-Owned and Closely-Held Banks
Long-lasting partnerships take work.
Building Partnerships with Purpose
A close partnership can result in a powerful model for building and managing a successful bank, but it can also lead to unique challenges as an institution evolves. We work with our family-owned and closely-held clients to develop effective plans for ownership continuity, management selection, and accessing liquidity for shareholders.
Our experience also gives us insight into the sensitive process of addressing disagreements over the corporate vision that may arise among close business associates or family members during the life of the company. While many such disputes lead to a premature sale of the company, our goal is to counsel clients to the best possible solution for the business while addressing the concerns of the partners.
Geoffrey Kay on
Solutions for Family-Owned Banks
Our Example Solutions Include
- Leveraged stock repurchases, including through the use of an ESOP
- Public or private sales of significant ownership stakes to a new owner or owners
- Business plan modifications that address ownership needs
- Board and management restructurings
- Creative shareholder agreements
- Subchapter S conversions