Foley Partner Gardner Davis was quoted in an article that appeared in the American Banker on January 10, 2011 titled “Bank-to-Bank Salvage Bet.” Davis discusses SunTrust Bank’s efforts to salvage a loan made to CommunityOne Bank after SunTrust agreed to convert half of CommunityOne’s subordinated debt into preferred stock. He states that from an investor’s perspective, the most important objective is for CommunityOne Bank to survive. Davis adds that investors would prefer a junior stake in a surviving bank as opposed to a senior stake in a defunct bank.
People
Related News
06 December 2023
In the News
Two Foley Public Affairs Directors Honored as Top Lobbyists for Second Year
29 November 2023
In the News
Daljit Doogal Discusses Foley’s Strategic Growth and Big Law Expansion Trends in Emerging Legal Markets
Foley & Lardner LLP Chairman and CEO Daljit Doogal is quoted in The American Lawyer article, “Big Fish, Small Ponds: How Big Law Is Slowly Infiltrating Emerging Markets,” offering insight on Foley’s continued national growth and Big Law expansion trends.
28 November 2023
In the News
Kyle Faget Discusses Coverage and Reimbursement for Telehealth Services
Foley & Lardner LLP partner Kyle Faget is interviewed by Healthcare IT Today in the article, “What’s a Problem, Technology, Opportunity, or Issue That Not Enough People are Talking About?”