recent years, a variety of powerful factors and unanticipated developments
have significantly altered the traditional role, power and influence
of America's financial institutions and other businesses, as they
compete in a global marketplace.
Deregulation of the banking industry encouraged
financial institutions to participate in new investment ventures,
and it has also encouraged commercial firms to seek entree into
the financial services industry.
Consumers and investors can now choose among
an increasingly diverse array of product and service options
offered by commercial and savings banks, thrifts, insurance
companies, credit unions, and numerous other financial intermediaries.
The widespread use of new technology has made
possible the transfer of funds without regard to geographic
boundaries, ushering in the age of global "bankless banking."
The Internet and the World Wide Web are bringing
about changes in the way businesses and individuals conduct
their day-to-day activities and plan for the future—around
the world—and the full ramifications of these developments
are mind-boggling for the uninitiated.
The result: a shifting marketplace. Corporations, organizations
and individuals must now seek specialized legal guidance as they
attempt to prosper and grow in an environment where the ground rules
are constantly changing.
D. Naegele & Associates closely monitors events and trends,
and has developed a strategic sense for their dynamics and direction.
We have applied our expertise to help clients successfully
consummate mergers, obtain capital assistance, form holding company
systems, complete mutual-to-stock conversions, and foster interstate
banking. We engineered the acquisition of a large
savings and loan by a major securities firm; we guided a Fortune
500 company through a series of interstate acquisitions; and we
advise acquirors and target institutions alike.
D. Naegele & Associates is also experienced in handling
a full range of corporate and individual business transactions,
from the drafting of employment contracts to advising clients on
permissible affiliate transactions and newly-permitted activities.
Only by understanding the interrelationship between business
and individual needs, federal and state laws and agency regulations,
litigation and legislation, can clients be served optimally.
example, one area of our continuing expertise involves the Anti-Tying
Provision of the Bank Holding Company Act Amendments of 1970.
D. Naegele's latest in-depth law review article—the
third in a series of his articles discussing the law that he wrote
when he served as counsel to the U.S. Senate Committee on Banking,
Housing, and Urban Affairs—has been published in the Banking
Law Journal. A shorter article on the subject has been published
in the American Banker. See our Published
Articles on the subject.
the need, be it large or small, we
stand ready to assist you!