For over 35 years Mark Menting has been at the forefront of providing a broad range of strategic advice to some of the most sophisticated financial services and FinTech firms and assisting them in meeting their strategic objectives in the ever-evolving financial services industry.
The depth and breadth of Mark’s expertise and experience, including industry specific expertise and experience, allow him to serve as a one stop resource for many of the matters and issues that financial services firms face. His wide ranging practice covers mergers and acquisitions, securities, corporate and corporate governance, regulatory, enforcement, product development and strategic matters for both U.S. and non-U.S. firms and investors, including individuals and private equity firms. He regularly advises and represents boards of directors in many of these types of matters as well.
He was recognized in 2013 by The American Lawyer with its coveted “Dealmaker of the Year” award for his work with ING Groep on a series of multi-billion dollar post-crisis divestitures involving its U.S. and Canadian internet banks, and by Law360 as a “Banking MVP” in 2017. He has advised on over 200 mergers and acquisitions (with an aggregate value well in excess of $200 billion) and advised clients on some of their most significant transactions of this century, including representing:
- Columbia Banking in its merger with Umpqua Holdings in 2023
- Fiserv in:
- its $22 billion ($39 billion enterprise value) transformative acquisition of merchant acquirer First Data in 2019
- its $4.4 billion acquisition of CheckFree in 2007
- four other acquisitions and divestitures
- First Midwest in its $2.5 billion merger of equals with Old National in 2022
- M&T Bank in its $8.3 billion acquisition of People’s United in 2022
- New York Community Bancorp in its $2.6 billion acquisition of Flagstar Bancorp as well as six other acquisitions from 2000 to 2021 which resulted in its growth from $2 billion in assets to soon over $85 billion in assets
- LendingClub in its transformative bank charter initiative, including its $185 million acquisition of Radius Bank, the first U.S. fintech announced acquisition of a bank
- Online discount broker Scottrade and its owners the Riney family in the $4 billion sale of Scottrade and Scottrade Bank to TD Ameritrade and TD Bank in 2017
- Online bank EverBank Financial in its $2.5 billion sale to TIAA in 2017 and its $2.51 billion acquisition of GE Capital’s business property lending division in 2012
- ING Groep in the:
- C$3.1 billion sale of its Canadian online bank, ING Bank of Canada, to the Bank of Nova Scotia (2012) – the largest bank deal in Canada since 1999
- $9 billion sale of its U.S. online bank, ING Direct USA, to Capital One (2011) – until 2019, the largest U.S. bank deal since the global financial crisis
- Bank of Ireland, Columbia Bank, Cullen/Frost Bankers, Emigrant Bank, FirstMerit, Israel Discount Bank, National Australia Bank, Natixis, PacWest Bank, Provident Bancshares, Regions Financial, Royal Bank of Scotland, Standard Chartered Bank and Sterling Bancorp in strategic M&A transactions
- The TCW Group in connection with Nippon Life Insurance Company’s purchase of a 24.7% minority stake and The Carlyle Group’s purchase of a 32% stake in 2017
- Riggs Bank in its anti-money laundering regulatory challenges, including a guilty plea for a failure to file a suspicious activity report, and its $644 million sale to PNC in 2005
- Dexia in its $2.7 billion acquisition of Financial Security Assurance in 2000, the first acquisition by a bank of an insurer under the Gramm-Leach-Bliley Act
- Allianz in its $3.3 billion acquisition of PIMCO in 1999, which at the time was the largest investment management acquisition, and its follow up acquisition of Nicholas-Applegate for $980 million in 2001 which together established Allianz’s premier U.S. asset management operations, and three other subsequent asset management transactions.
Client comments on Mark Menting and his work include the following:
“He’s a consummate professional. Like Ice Man in Top Gun, he makes no mistakes.”
“In his recognition as Dealmaker of the Year by The American Lawyer for various ING divestitures, ING general counsel Jan-Willem Vink said of Mark and his partner, William Torchiana, “Mark and William have been a key factor in [our] success. They both have an intimate understanding of our business, both in banking and insurance, which really elevates them beyond the point of simply being lawyers and providing legal support—they’re true partners in the commercial decision making process.”
–The American Lawyer
“Mark Menting helped guide us through an extremely complex acquisition . . . . He provided invaluable advice on not only legal aspects of our situation but business advice as well. His experience, knowledge and responsiveness are always important, but when you are in a battle those qualities coupled with a calming and reassuring demeanor give you the extra edge to succeed in a difficult situation. Most importantly, Mark knows the most critical elements and is unwavering in his pursuit of them.”
–Best Lawyers in America
Mr. Menting is a frequent speaker on various topics relevant to financial institutions and has also taught at the University of Pennsylvania Law School regarding “The Regulation of Financial Service Providers in the United States.”
He is a member of the Board of Trustees: Chair of the Human Resources & Compensation Committee and member of the Executive Committee for Helen Keller International and a member of the Lawyers Advisory Committee for the New York Bankers Association.