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Corey, Art

Arthur T. Corey

Counsel

Art’s practice focuses on the representation of banks, savings associations, and credit unions. He advises clients on financial services regulatory matters, including financial privacy issues relating to the Gramm-Leach-Bliley Act and the Fair Credit Reporting Act; electronic banking and payment system issues under the Electronic Fund Transfer Act (Regulation E) and the E-SIGN Act; and deposit account matters under the Truth in Savings Act (Regulation DD). He also advises clients on issues relating to cash management services and emerging payments systems such as mobile banking and person-to-person payments.  Art regularly advises clients on the legal and regulatory issues involved in the design and implementation of financial services products, including online banking, mobile banking and payment card products.  He also assists clients in the review and negotiation of third-party service provider agreements, particularly for technology products and services, such as core processing services.  Art has negotiated hundreds of service provider agreements and represents clients in contract disputes with third-party service providers.

Art maintains an active regulatory relations practice, regularly representing clients facing investigations, examinations and actions initiated by state and federal banking agencies, particularly in the areas of consumer deposit account products (including overdraft products), electronic financial services, and the privacy and security of consumer financial information.  He has successfully represented financial institutions on several occasions  that have experienced data breaches and against claims by regulatory agencies regarding overdraft products, including claims of unfair and deceptive acts and practices.

Art also works with Hinckley Allen’s financial institutions mergers and acquisitions group and has helped obtain regulatory approvals for numerous community financial institution and holding company mergers.

Prior to joining Hinckley Allen, Art was an attorney with Tyler, Cooper & Alcorn and was General Counsel and Chief Executive Officer of the Connecticut Credit Union Association.

Credentials

Work Experience

  • Hinckley Allen
    • Counsel (2008-Present)
  • Tyler Cooper & Alcorn, LLP
    • Of Counsel (2006-2008)

Professional Affiliations

  • American Bar Association
  • Bank Compliance Association of Connecticut, Director
  • Connecticut Bar Association, Financial Institution Section
  • New England Automated Clearing House
  • The Bank Compliance Association of Connecticut, Inc.

Bar Memberships

  • Connecticut, 1994

News & Insight

Publication

The New Connecticut LLC Act

June 21, 2017

The new Connecticut Uniform Limited Liability Company Act (the “New CT LLC Act”) will be taking effect July 1, 2017. The New CT LLC Act is based on the Uniform Limited Liability Company Act adopted by the Uniform Laws Commission and replaces the Connec…

Publication

Data breach preparedness for NH businesses

March 24, 2016

Businesses today are collecting and storing more personal information than ever before, but their data security systems may not have kept pace.Data security plans are especially important for businesses in the Granite State, which has specific laws mandati…

Firm News

Hinckley Allen Represents First Connecticut Bancorp, Inc. in $544 Million Transaction

June 20, 2018

Hinckley Allen is representing First Connecticut Bancorp, Inc. (NASDAQ: FBNK), the holding company for Farmington Bank, in connection with First Connecticut Bancorp’s acquisition by People’s United Financial, Inc. (NASDAQ: PBCT), the holding company fo…

Case Study

Hinckley Allen Representing First Connecticut Bancorp, Inc. in $544 Million Transaction

Hinckley Allen is representing First Connecticut Bancorp, Inc. (NASDAQ: FBNK), the holding company for Farmington Bank, in connection with First Connecticut Bancorp’s acquisition by People's United Financial, Inc. (NASDAQ: PBCT), the holding company for …

Case Study

Hinckley Allen Represents Bankwell Financial Group, Inc. in its Acquisition of Quinnipiac Bank & Trust Co.

Hinckley Allen represented Bankwell Financial Group, Inc. (NASDAQ: BWFG), a Connecticut bank holding company of Bankwell Bank, in its acquisition of Quinnipiac Bank & Trust Company. The acquisition will add approximately $100 million in assets to Bankw…

Case Study

Hinckley Allen Represents The Wilton Bank in $5M Acquisition

Hinckley Allen recently represented The Wilton Bank, Connecticut in a recent merger with Bankwell Bank, owned by parent company, Bankwell Financial Group, Inc., a bank holding company headquartered in New Canaan, Connecticut.The acquisition will add to…

Case Study

Hinckley Allen Represents Rockville Financial Inc. in $369 Million Transaction with United Financial Bancorp, Inc.

Hinckley Allen represented Rockville Financial Inc., and its subsidiary Rockville Bank in its historic merger of equals with United Financial Bancorp, Inc. and its subsidiary United Bank. Although the legal acquirer, Rockville adopted the United name. The …

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