Donald J. Toumey

Partner

Donald J. Toumey

Partner
New York +1-212-558-4077+1-212-558-4077 +1-212-558-3588+1-212-558-3588
toumeyd@sullcrom.com

Donald J. Toumey is a partner in the Firm’s General Practice/Corporate Law Group with a practice focused on banking, securities and financial institutions law. Mr. Toumey has handled numerous applications to federal banking agencies for U.S. and non-U.S. banks, as well as securities offerings involving U.S. and non-U.S. banks. He has extensive experience advising U.S. and non-U.S. banks on banking and broker-dealer regulatory matters and on enforcement matters, including with respect to Bank Secrecy Act and OFAC issues. He has also advised on numerous major bank mergers and acquisitions, as well as bank acquisitions of investment management and investment banking firms.

Mr. Toumey is a former special assistant to the general counsel of the U.S. Department of the Treasury.

He also is a member of the Firm’s Diversity Committee.

Recognitions

  • BTI Client Service All-Star (2012)
  • Chambers Global: The World’s Leading Lawyers for Business – Banking & Finance (2013, 2014, 2015, 2016, 2017)
  • Chambers USA: America’s Leading Lawyers for Business – Financial Services Regulatuion: Banking (Compliance) (2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017)
  • The International Who’s Who of Banking Lawyers
  • The International Who’s Who of Business Lawyers
  • Lawdragon 3000: Leading Lawyers in America (2009-2010)
  • The Lawdragon 500 (2006, 2007)
  • The Legal 500 United States for Financial Services: Regulatory (2016)
  • New York Super Lawyers (2007, 2008, 2009, 2010, 2011, 2012, 2013)
  • The Best Lawyers in America – Banking (2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017)


SELECTED REPRESENTATIONS

  • Banco Bilbao Vizcaya Argentaria, S.A. in its acquisition of Texas Regional Bancshares
  • in 2006
  • Byline Bancorp in its merger agreement with Ridgestone Financial Services in 2016
  • CITIC Securities in its acquisition of CLSA B.V. from Crédit Agricole SA in 2013
  • Federal National Mortgage Association (Fannie Mae) in connection with the establishment of a conservatorship by the Federal Housing Finance Agency in 2008
  • GE Capital regarding regulatory matters in connection with its restructuring in a series of transactions valued at approximately $26.5 billion in 2015
  • Ixe Grupo Financiero in its sale of an equity interest to Brysam Global Partners in 2007
  • Recapitalization of Metropolitan Bank Group, Inc. (now Byline Bank) by investors represented by BXM Holdings, Inc. in 2013
  • Mitsubishi Tokyo Financial Group, Inc. in its merger with UFJ Holdings, Inc. in 2005
  • Mitsubishi UFJ Financial Group, Inc. in multiple transactions, including:
    • its equity investment in Morgan Stanley, increasing its stake 22.4 percent, through a stock conversion in 2011
    • its establishment of a securities joint venture in Japan with Morgan Stanley in 2010
    • its participation in Morgan Stanley’s common stock offering in 2009
    • its 21 percent equity investment in Morgan Stanley in 2008
    • its “going private” acquisition of the minority shareholdings in UnionBanCal Corporation in 2008
  • Moneris Solutions Corporation in connection with Vantiv, Inc.’s agreement to acquire its U.S. subsidiary Moneris Solutions, Inc. in 2016
  • National City in multiple transactions, including:
    • its merger with PNC Financial Services Group in 2008
    • the private issuance of $8 billion of Common Stock and Common Equivalent Preferred Stock in a transaction where Corsair was an Anchor Investor in 2008
  • Popular, Inc. in multiple transactions, including:
    • its acquisition of certain assets and all deposits (other than certain brokered deposits) of Doral Bank from the Federal Deposit Insurance Corporation, as Receiver, in alliance with other co-bidders in 2015
    • its definitive agreements to sell its operations in California, Illinois and central Florida, including 41 branches, approximately $1.8 billion in related loan portfolios, and approximately $2.1 billion in deposits, to three different buyers in 2014
    • as a selling stockholder in the initial public offering and two subsequent follow-on offerings of EVERTEC common stock in 2013
    • as a minority stockholder in the reorganization of EVERTEC in 2012
    • its sale of a 51% stake in its subsidiary EVERTEC to funds managed by Apollo in 2010
    • its acquisition of the franchise of Western Bank Puerto Rico from the FDIC in 2010 and a related $1 billion common stock offering in 2010
    • its sale of shares of Telecomunicaciones de Puerto Rico to Sercotel in 2006
    • its acquisition of E-LOAN, Inc. in 2005
  • Royal Bank of Canada in multiple transactions, including:
    • its acquisition of City National Corporation in 2015
    • its disposition of RBC Bank (USA) to The PNC Financial Services Group in 2011
    • its disposition of Liberty Life Insurance Company to Athene Holding in 2010
    • its acquisition of Phillips, Hager & North Investment Management in 2008
    • its acquisition of Alabama National BanCorporation in 2007
    • its acquisition of Daniels & Associates in 2007
    • its acquisition of the broker-dealer business and certain other assets of Carlin Financial Group in 2007
    • its acquisition of Flag Financial Corp.  in 2006
    • its acquisition of American Guaranty & Trust in 2006
    • its disposition of the business of RBC Mortgage to New Century in 2005
  • UnionBanCal Corporation, a wholly owned subsidiary of Mitsubishi UFJ Financial Group, Inc., in multiple transactions, including:
    • its $1.5 billion acquisition of Pacific Capital Bancorp in 2012
    • its previous assumption of all the deposits and the acquisition of most of the assets of Frontier Bank, in an FDIC-assisted transaction in 2010
    • its assumption of all the deposits and its acquisition of most of the assets of Tamalpais Bank, in an FDIC-assisted transaction in 2010