Richard has more than 35 years’ experience representing banks, savings institutions, credit unions and holding companies on a nationwide basis. He has served as counsel on more than 50 bank and credit union merger transactions and investor group acquisitions.
In addition to his general work in bank and credit union regulatory matters and mergers and acquisitions of both stock and mutual institutions, Richard focuses on bank and credit union charter changes, field of membership expansion, new products and services, fintech, regulatory compliance, de novo bank and credit union formations, cross-industry mergers, government assisted acquisitions of failing financial institutions, enforcement matters, corporate governance, stock and mutual holding company formations and mutual-to-stock conversions. Clients he has supported include Fortune 500 companies and multibillion-dollar credit unions.
Richard is admitted to practice in the US Supreme Court. He has also served as counsel for four years at the Federal Reserve Board and another federal banking agency and a bank holding company during the periods of financial deregulation and the savings and loan crises. He also served as an adjunct professor of Banking Law at Rutgers University School of Law and as a law clerk at the New Jersey Tax Court.