Financial Institutions

We advised Intriva Capital, a private asset management firm, on its acquisition... Read more

We advised Intriva Capital, a private asset management firm, on its acquisition of Lending Works, a UK-based digital peer-to-peer lending platform, from several Lending Works investors.

Since its launch in 2014, Lending Works has seen significant growth in the UK having lent almost £250 million to borrowers. Intriva Capital will help expand the existing operations and product offering of Lending Works, while venturing into new areas and products.

A team of lawyers in our London office led the transaction, with support from our financial services practice.

We are advising Norddeutsche Landesbank (NORD/LB), one of the leading commercial banks... Read more

We are advising Norddeutsche Landesbank (NORD/LB), one of the leading commercial banks in Germany, and Deutsche Hypothekenbank (Deutsche Hypo), one of Germany’s largest real estate financiers, on the merger and full integration of Deutsche Hypo into NORD/LB.

The transaction is a key milestone for NORD/ LB in its multiyear transformation program.

Lawyers in our Frankfurt office are leading the transaction, with support from our Dusseldorf and Hamburg offices and our capital markets, employment, intellectual property, regulatory, and tax practices.

We advised Radius Bank, an innovative digital online bank, in connection with its sale to NYSE-listed... Read more

We advised Radius Bank, an innovative digital online bank, in connection with its sale to NYSE-listed LendingClub, the United States’ largest online lending marketplace connecting borrowers and investors.

The combination represents the first ever bank-FinTech M&A deal approved by the U.S. Federal Reserve and will create a digitally native marketplace bank at scale with the power to deliver an integrated customer experience.

A team of lawyers in our Washington, D.C. office led the transaction, with support from our employee benefits and financial regulatory practices.

We advised SB One Bancorp, the NASDAQ-listed parent company of SB One Bank, on its merger... Read more

We advised SB One Bancorp, the NASDAQ-listed parent company of SB One Bank, on its merger with Provident Financial Services, the NYSE-listed parent company of Provident Bank.

The merger brings together two high-performing financial institutions with complementary geographies and business lines with approximately US$12 billion in assets.

Our Washington, D.C. and New York offices led the transaction, supported by our employment, securities and public company advisory, and tax practices.

Financial Institutions

“Hogan Lovells works with international banks and corporate clients to assist them in driving forward new advancements in the financial and technology sectors.”

Chambers Europe, 2020

750+

Financial Institutions
lawyers

Tier 1

FinTech
Legal 500 UK, 2021

Sector performance

In the financial institutions sector, while 2020 saw reduced aggregate deal volumes and values when compared to 2019, slower activity in early 2020 was replaced with much stronger deal flow in Q4.

The COVID-19 pandemic brought challenges, but several themes managed to accelerate dealmaking in the sector. The capital strength of banks proved to be resilient and deal activity continued in the digitalization and FinTech spaces. Ongoing trends of interest margin squeeze and cost control propelled transactions focused on cost rationalization, growing deposit bases, and in-market consolidation rather than cross-border expansion.

Hogan Lovells activities

Our Financial Institutions industry sector released our annual Hogan Lovells FIS Horizons publication addressing key developments, including the implication of UK sanctions legislation in a post-Brexit environment, the avalanche of sustainable finance legislation from governments, and the steps that financial institutions should be taking to ensure an orderly LIBOR transition by the end of 2021.

We designed a Global Guide to Electronic Signatures, and, as COVID-19 accelerated change, we created an interactive comparative guide on global governmental and regulatory responses to the pandemic on issues including capital reliefs, monetary policy, insolvency, and more.