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Bernard L. Russell

Of Counsel
Bernard Russell maintains a banking, securities, and corporate practice, and has significant experience in federal and state banking regulatory matters, mergers and acquisitions, bank securities offerings, bank consumer products, non-deposit investment products, and commercial transactions.

Practice Highlights
  • Representation of large thrift institution in more than 20 acquisitions of savings banks, savings associations, commercial banks, and financial services institutions
  • Representation of community banks in a variety of acquisition or sales transactions
  • Representation of depository institutions of all sizes in general corporate, regulatory, financing transactional and product development matters
  • Formation of trust companies, qualification of trust companies to do business in Washington state and operational issues pertaining to the business of trust companies
  • Handling of financing agreements and treasury function for large Northwest-based retailer with worldwide locations
  • Representation of large sovereign wealth fund in connection with investments in U.S. financial institutions

Representative Experience

Investment in community bank for institutional investor

Representation of a lead investor in the recapitalization of Sterling Financial Corp. (2010)

Retail product development for large national bank

Implementation by a large national bank of a retail product that enables customers to transfer money to other persons by email. (2010)

Bank finance business sale for Washington Mutual*

Sale of mortgage banker finance business line. (2008)

Lease and collateral sale for Washington Mutual*

Sale of portfolio of equipment leases and related collateral to General Electric Capital Corp. (2006)

Bank sale for First Community Bank*

Sale of First Community Bank to First State Bank of Taos. (2005)

Bank operations acquisition for Washington Mutual*

Acquisition of National Australia Bank's mortgage banking operations in stock and asset purchases. (2002)

Bank acquisition for Washington Mutual*

Acquisition of Dime Bancorp Inc. (2001)
* Denotes experience completed at a prior firm

Professional & Community Activities

  • Business Law Section and Uniform Commercial Code Advisory Committee, Washington State Bar Association

Professional Recognition

  • Named as one of the "Best Lawyers in America" in Banking Law by Best Lawyers, 1995-present
  • Selected by Best Lawyers as Seattle's "Lawyer of the Year" in Banking and Finance Law, 2014  
  • Selected to "Washington Super Lawyers," Thomson Reuters, 2002-2014
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