John Beaty is actively helping companies explore the implications of financial modernization, assisting with strategic initiatives, corporate restructurings, development of new financial products, and mergers and conversions. He has been a leader in structuring affiliations of insurers, brokers, and thrifts. A major focus of Mr. Beaty's work is on advising corporate leaders on strategic opportunities for financial institutions and helping those institutions obtain requisite approvals from federal and state regulators to pursue those opportunities. Mr. Beaty also advises on bank regulatory compliance issues generally and undertakes the defense of financial institutions and their directors and officers in enforcement and civil actions brought by banking regulators.
Recent work includes advice on regulatory issues arising in connection with:
- Exploring the availability of a banking charter for fintech companies;
- Applicability of banking laws and regulations to non-banks;
- Structuring acquisition of a community bank involving private equity investors;
- Crafting regulator-mandated resolution and recovery plans;
- Restrictions on transactions with affiliates under the Federal Reserve Act 23A&B/ Reg. W and Home Owners Loan Act Section 11;
- FDIC’s treatment of deposits as brokered;
- Compliance with the Community Reinvestment Act;
- Scope of the Durbin Rule;
- Impact of the Volcker rule on bank operations;
- Regulatory scrutiny of management of third party vendors; and
- Examinations of bank service providers.
Mr. Beaty served as in-house General Counsel to the First American Banks of Virginia, DC, and Maryland and assisted in selling those institutions to First Union Corporation. He was an Assistant General Counsel at the Federal Deposit Insurance Corporation, serving as head of the Resolution Trust Corporation's Professional Liability Section, and earlier was an Assistant General Counsel at the Federal Home Loan Bank Board.