Skip to Main Content

Industries Banking & Financial Institutions

Industry Overview

The pace of change in finance continues to accelerate—driven by everything from cybersecurity threats to the rise of cryptocurrency. New opportunities and new regulations abound, raising the stakes and generating new concerns for banks, investors, and insurers. Consumers and investors are expecting more in the way of new products, service delivery methods such as apps and mobile access, and increasingly responsive services. All of these developments introduce legal and business requirements that call for specialized counsel.

Our Approach

We advise clients in a wide range of areas that require highly specialized—and current—knowledge of regulations, laws, and reporting. We provide essential strategic counsel for mergers and acquisitions, company formations, and the capitalization of de novo banks and businesses. We oversee sensitive investigations and other administrative proceedings involving regulators and supervisory agencies. Our team provides deep experience and is ready to take on challenges in compliance, privacy, and data security in order to help clients protect their assets and prepare for the evolving demands of tomorrow.

 

Newsroom

Publication

Corporate & Business Transactions Report — 2023

February 2, 2024

We represent buyers, sellers, and investors — including middle-market and family-owned companies — on their most important business transactions. Our professionals bring a critical combination of experience, practicality, and a deep understanding of market terms — enabling us to achieve outstanding results for our clients.See how we drove results for our clients in 2023 across the industries we serve.

Firm News

Hinckley Allen’s Legal Excellence Recognized by Boston Magazine

November 21, 2023

Hinckley Allen is pleased to announce that numerous attorneys have been recognized by Boston Magazine, earning the prestigious title of "The Top Lawyers of 2023." This annual accolade, initiated in 2021, is designed to highlight outstanding legal talent in the region. Attorneys have the opportunity to nominate their peers in specific areas of expertise, with the rankings determined solely through peer voting.

Publication

How Financial Institutions Should Prepare for the FTC’s Expanded Safeguards Rule

June 1, 2023

To respond to the constant threat of cyber-attacks and data breaches, the Federal Trade Commission (“FTC”) has amended one of its key consumer protection rules: the Standards for Safeguarding Customer Information (the “Safeguards Rule”), 16 C.F.R. § 314. This is the first time the Safeguards Rule has been amended since it was enacted in 2003 to fulfill the FTC’s mandate under the Gramm-Leach-Billey Act (“GLBA”) to create rules for the processing and protection of personal information.

Publication

Lessons to be Learned from the Failure of Silicon Valley Bank

April 5, 2023

News cycles move fast in the 21st Century, so the failures of Silicon Valley Bank and Signature Bank are already fading into a distant memory. If you were lucky enough not to have deposits at those banks, it’s easy to forget that many business leaders suffered through a sleepless weekend, worrying about how they were going to make the next payroll, keep their loans current, and survive the loss of millions of dollars of deposits. Even businesses who did not have deposits at the closed banks had to worry about receivables that might be affected by their customers’ inability to pay.

Publication

The Critical Role of A Cyber Incident Response Plan in Today’s Cyberthreat Environment

March 8, 2023

Your network has been hacked.  What do you do?  Who do you call?  Who is in charge? These questions need to be answered quickly when your network is under siege by cybercriminals, but does your company know how to handle such a crisis on a weekend or during a holiday break when many cyberattacks are timed to occur so as to strike when your corporate defenses are at their weakest?No organization is immune from cyberattacks.  As the last few years have demonstrated, it is not a matter of if your company will experience a cyberattack, but when.  Indeed, in 2022, 47% of private businesses exp…

Publication

Fifth Circuit’s Jarkesy v. SEC Decision Calls into Question SEC’s Adjudication Powers

June 9, 2022

In what may prove to be an important development in the field of administrative law, on May 18, 2022, the United States Court of Appeals for the Fifth Circuit issued an opinion in the case of Jarkesy v. the Securities and Exchange Commission (“SEC”), which vacated certain prior findings of securities fraud in an SEC administrative enforcement action. Jarkesy v.

Publication

SEC Proposes Rules to Require Enhanced ESG Disclosures for Certain Investment Advisers and Investment Companies

June 3, 2022

On May 25, 2022, the Securities and Exchange Commission (“SEC”) proposed new rules and amendments (collectively, the “Proposed Rules”) that would enhance the disclosure requirements for certain investment advisers and investment companies related to environmental, social and governance (“ESG”) investment practices. The full text of the Proposed Rules can be viewed here.Investor interest in ESG strategies has grown dramatically in recent years.

Publication

Update Regarding the SAFE Banking Act

April 22, 2022

Despite increased lobbying efforts from a variety of stakeholders, from state treasurers to financial institution trade organizations, it remains doubtful that the US Senate will approve the Secure and Fair Enforcement Act, also referred to as the SAFE Banking Act, anytime soon. The US House of Representatives has repeatedly passed versions of the SAFE Banking Act. While the SAFE Banking Act isn’t a panacea for the myriad issues relating to cannabis banking and finance, it would be a helpful step in the right direction for the cannabis and banking industries.

Visit Our Newsroom