Parsons Behle & Latimer's Banking and Finance team possesses the depth and expertise to assist banking clients and financial institutions of all sizes. For more than a century, Parsons Behle & Latimer’s Banking and Financial Institutions team has represented local, regional and national financial institutions in a wide range of credit and financial matters and in litigation. Our attorneys represent financial institutions of all sizes. We have the capacity to handle complex transactions, loans, contracts, documentation, litigation, appeals and bankruptcy matters facing small and large financial institutions. Nearly all of our clients continue to use us year after year. We understand our clients’ businesses and take a proactive approach to efficiently deliver legal services. We help clients develop innovative products, draft transaction documents to minimize risk and assist our clients in the financial transactional arena. We defend our clients’ transactions in state and federal trial and appellate courts and in bankruptcy courts. We also maintain excellent relationships with the Utah Department of Financial Institutions and work with financial institutions on state and federal regulatory matters.
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Represented 501(c)(3) in in $30M term loan
Represented a 501(c)(3) non-profit organization that revitalizes residential housing in low-income areas as borrower’s counsel for a $30 million term loan from three Utah chartered industrial banks for loans to NeighborWorks organizations. In addition to the master loan, documented individual loans to local NeighborWorks organizations in multiple states.
Main Street Lending Program
Represented the client in connection with a senior secured loan under the Main Street Lending Program.
Represented a medical center in the sale of its hospital assets as part of its Chapter 11 bankruptcy case.
Bank to Bank & Bank to Non-Bank Services
The attorneys at Parsons Behle & Latimer not only assist banks with their core banking needs, but also help banks that are working with other banks, non-bank financial intermediaries and contractors for services.
The projects we handle for our clients include capital loans; interbank agreements; lease transactions; counterparty transactions; lender agreements; letters of credit; loan participations; loan portfolio purchase and sale agreements; loans to directors, officers and shareholders; lock box agreements; municipal bonds; preparing form documents; revolving lines of credit; sweep agreements; syndicated transactions; and term loans.
Banking and Financial Services Regulation
Financial institutions are subject to extensive federal and state regulations. Parsons Behle & Latimer's banking and financial services regulation team helps clients interpret constantly-changing financial regulations. In an ever-changing financial market, clients look to Parsons to help them navigate new banking and finance regulations. We counsel clients on governance, regulatory and compliance issues, relating to the financial services industry.
Commercial Loan and Lease Transactions
Parsons Behle & Latimer's attorneys assist clients in a wide range of financial institution transactions including loan and lease financing. Parsons represents banks, credit unions, insurance companies and other financial institutions both nationally and locally in a variety of financings, including:
- Aircraft financings
- Business purchase financings
- Consumer financings
- Equipment lease financings
- Intellectual property financings
- Inventory and receivable financings
- Leasehold financings
- Mine project financing
- Mortgage financings
- Oil and gas financings
- Participation agreements
- Pipeline financings
- Private equity financings
- Real estate acquisition and development financings
- Ski resort financings
- Syndicated loans
- Warehouse loan financings
Parsons Behle & Latimer has been representing financial institutions throughout Utah, Idaho, Montana and Nevada in the foreclosure process for decades.
Our teams conduct both non-judicial and judicial foreclosures for residential and commercial properties. We fight to minimize the risks to lenders when mortgage holders in default destroy or vacate properties and when judgment liens and unpaid property taxes make it difficult to clear title. Our firm prides itself on our ability to fight delay by defaulting borrowers to ensure that trustees’ sales occur as quickly as possible. During the foreclosure process, we also assist clients who are looking for alternatives to foreclosure through loan workouts, loan modifications, short sales and obtaining deeds in lieu of foreclosure.
Natural Resources & Alternative Energy Transaction Finance
Since 1882, Parsons Behle & Latimer has represented natural resource clients in Utah, Montana, Nevada and Idaho, and throughout the United States and abroad. Our Natural Resource and Banking and Financial Institutions team offers natural resource and lender clients a collaborative, firm-wide approach to assist with a variety of financings including:
- Mineral title work
- Asset based finance
- Environmental issues
- Environmental risk insurance
- Equipment finance
- Financial restructuring
- General corporate finance
- International project finance
- Leverage financing
- Mine project finance
- Natural resource project financing
- Oil and gas project finance
- Pipeline project finance
- Political risk insurance
- Project finance
- Public lands
- Workout and bankruptcy solutions
- Environmental due diligence
- Environmental permitting
Uniform Commercial Code
The banking and finance team at Parsons Behle & Latimer is experienced at handling a wide variety of matters facing lenders under the Uniform Commercial Code (UCC), with an emphasis on Articles 2, 3, 4, and 9.
Our banking and finance attorneys provide advice and litigation support to clients on all types of claims arising out of the negotiation of instruments; forged, fraudulent or counterfeit negotiable instruments; or electronic funds transfer transactions. We also assist secured lenders in the drafting of security agreements and the preparation and filing of appropriate financing statements. We further have a track record of success guiding lenders through all stages of the recovery of loan collateral, including obtaining writs of replevin and execution, initiating garnishment proceedings and conducting Article 9 sales of collateral.