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Mark J. Menting

Partner

Mark J. Menting

Partner
New York +1-212-558-4000+1-212-558-4000 +1-212-558-3588+1-212-558-3588
[email protected]

“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, 2012

Recognized in 2013 as a “Dealmaker of the Year” by The American Lawyer for his role advising ING Groep on a series of worldwide asset sales, Mark Menting is a partner in Sullivan & Cromwell’s Mergers and Acquisitions and Financial Services Groups. His practice focuses on merger and acquisition, securities, corporate, regulatory and strategic matters for U.S. and non-U.S. financial institutions and investors in financial institutions, including individuals and private equity firms, and includes broad experience in general corporate and securities law matters.

Mr. Menting regularly advises on domestic and cross-border mergers and acquisitions in the financial services industry involving:

  • banks and thrifts
  • investment management firms
  • broker-dealers
  • mortgage banking companies
  • insurance companies
  • financial technology companies

Mr. Menting also regularly advises financial institutions and investors in financial institutions in capital-raising activities, and financial institutions and their boards of directors facing strategic, financial or regulatory challenges. Examples include his representation of the board of Corus Bankshares and Riggs Bank in its conviction for anti-money laundering violations and its sale to PNC Financial. He is a frequent speaker on various topics relevant to financial institutions and co-chairs the annual SNL Financial Bank M&A Symposium. He is also a Lecturer in Law at the University of Pennsylvania Law School where he teaches “The Regulation of Financial Service Providers in the United States.”

Rankings and Recognitions

  • Named a Law360 MVP 2017 in Banking
  • Named a 2013 “Dealmaker of the Year” by The American Lawyer for his role advising ING Groep in a series of worldwide asset sales
  • Named a 2013 BTI Client Service All-Star, and recognized as one of only six lawyers to earn a nomination from multiple clients

Banking

  • The Best Lawyers in America (2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018)
  • Lawdragon 500: Leading Lawyers in America (2007, 2008, 2009-2010, 2012, 2013)
  • Lawdragon 500: New Stars, New Worlds (2006)
  • Euromoney’s Guide to the World’s Leading Banking Lawyers (1999)

Financial Services

  • The Best Lawyers in America (2012, 2013, 2014, 2015, 2016, 2017, 2018)
  • Chambers USA: America’s Leading Lawyers for Business (2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019)
  • The Legal 500 United States (2007, 2018)
  • IFLR1000 (2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018)
  • Lawdragon 500: Leading Lawyers in America (2007, 2008, 2009-2010, 2012, 2013)
  • Lawdragon 500: New Stars, New Worlds (2006)

M&A

  • Chambers USA: America’s Leading Lawyers for Business (2006, 2007, 2010, 2011, 2012, 2013)
  • Lawdragon 500: Leading Lawyers in America (2007, 2008, 2009-2010, 2012, 2013)
  • Lawdragon 500: Leading Dealmakers in America (2007)
  • Lawdragon 500: New Stars, New Worlds (2006)

Professional and Community Involvement

  • Board of Trustees: Chair of the Human Resources & Compensation Committee and member of the Executive Committee, Helen Keller International
  • Lawyers Advisory Committee, New York Bankers Association


SELECTED REPRESENTATIONS

From 2007 to 2017, Mr. Menting has advised:
 
  • Scottrade Financial in its acquisition by TD Ameritrade and TD Bank for approximately $4.2 billion (2017)
  • EverBank Financial Corp in its agreement to be acquired by Teachers Insurance and Annuity Association of America for approximately $2.5 billion (2016)
  • First Midwest Bancorp, Inc. in its agreement to acquire Standard Bancshares, Inc. for approximately $365 million (2016)
  • Fiera Capital Corporation in its agreement to acquire Apex Capital Management for a total consideration of $145 million (2016)
  • FirstMerit Corporation in its $3.4 billion merger with Huntington Bancshares Incorporated (2016)
  • New York Community Bancorp, Inc. in its $2.0 billion merger with Astoria Financial Corporation (2015)
  • CRT Capital Group LLC, a portfolio of Aquiline Capital Partners, in its acquisition of Sterne Agee's Institutional Equity business (2015)
  • PacWest Bancorp in its $849 million acquisition of Square 1 Financial, Inc. (2015)
  • Israel Discount Bank in its sale of Discount Bank Latin America to ScotiaBank (2014)
  • National Australia Bank in the IPO and subsequent offerings of its U.S. bank subsidiary, Great Western Bank (2014)
  • Columbia Banking System, Inc. in its merger with Intermountain Community Bancorp for approximately $121.5 million (2014)
  • First Midwest Bancorp, Inc. in its acquisition of Great Lakes Financial Resources, Inc. for approximately $58 million in cash and stock (2014)
  • Cullen/Frost Bankers, Inc. in its $220 million merger with WNB Bancshares, Inc. (2014)
  • PacWest Bancorp in its $2.3 billion merger with CapitalSource (2014)
  • Genworth Financial, Inc. on the approximately $412.5 million sale of its Wealth Management business, including Genworth Financial Wealth Management, Asset Management and alternative solutions provider, the Altegris companies, to a partnership of Aquiline Capital Partners and Genstar Capital (2013)
  • Sterling Bancorp on its stock for stock merger with Provident New York Bancorp, valued at $344 million (2013)
  • Artisan Partners Asset Management Inc. in its $332 million SEC-registered IPO (2013) and in its $200 million senior notes offering (2012)
  • The Rock Creek Group in connection with Wells Fargo Asset Management’s acquisition of a majority ownership stake (2014) and a minority ownership stake (2012) in Rock Creek
  • ING Groep NV in the $3 billion sale of its stake in Capital One Financial Corp. through an underwritten public offering (2012) – the largest U.S. block trade ever
  • M&T Bank Corporation in connection with the U.S. Department of the Treasury’s $381.5 million sale of two series of preferred M&T TARP stock (2012)
  • ING Groep NV in the C$3.1 billion sale of ING Bank of Canada to The Bank of Nova Scotia (2012) – the largest bank deal in Canada since 1999
  • Emigrant Bank in the sale of its New York Metropolitan area branch network and $3.2 billion in deposits (2012)
  • EverBank Financial in its $2.51 billion acquisition of GE Capital’s business property lending division (2012)
  • Bank of Ireland in an additional €1.9 billion investment by the Irish government and subsequent sale of such securities to private investors (2011)
  • Fiserv in its $465 million acquisition of CashEdge Inc. (2011)
  • ING Groep NV in the $9 billion sale of its ING Direct USA online banking operation to Capital One Financial Corp. (2011) – the largest U.S. bank deal since the global financial crisis
  • Genworth Financial in the acquisition of alternative investment management platform provider Altegris (2010)
  • Royal Bank of Scotland in the sale of its Chilean subsidiaries to The Bank of Nova Scotia (2010)
  • Royal Bank of Scotland in the sale of substantially all of the assets and liabilities of its Argentine operations to Banco Comafi (2010)
  • Royal Bank of Scotland in the sale of its Colombian banking operations to Scotiabank (2010)
  • Smithtown Bancorp in its $60 million merger with People’s United Financial (2010)
  • Aquiline Capital Partners in its $27 million investment in BNC Bancorp (2010)
  • Tygris Commercial Finance Group in its $535 million acquisition by EverBank Financial Corp. (2010)
  • The Board of Directors of Allied Capital in its approximately $900 million acquisition by Ares Capital (2010)
  • New York Community Bancorp in its FDIC-assisted acquisition of AmTrust Bank and a related $900 million common equity offering (2009)
  • Aquiline Capital Partners in its acquisition of Conning & Company (2009)
  • David Bolger as lead investor in a capital raise by Cascade Bancorp (2009)
  • GF Financial in its investment, through private placement, in West Coast Bancorp (2009)
  • Bank of Ireland in its €3.5 billion capital investment by the Irish government (2009)
  • Provident Bankshares in its $401 million merger with M&T Bank Corporation (2009)
  • Allianz in its investment in The Hartford (2008)
  • ING Groep NV in its capital injection of approximately $13.4 billion from the Dutch government in the form of Convertible Core Tier 1 Perpetual Securities (2008)
  • CDC in its €1.7 billion investment in Dexia (2008)
  • Fiserv in the $540 million sale of a 51% stake in Fiserv Insurance Solutions to StonePoint/Trident (2008)
  • Tygris Commercial Finance Group in its $2 billion private placement of common equity and its acquisitions of US Express Leasing and MarCap (2008)
  • ING Groep NV in its €300 million sale of Nederlandse Reassurantie Groep NV to Berkshire Hathaway (2008)
  • Fiserv in its $775 million sale of Fiserv Health (2008)
  • Standard Chartered in its $823 million acquisition of American Express Bank Ltd. (2008)
  • National Australia Bank in its $800 million acquisition of Great Western Bancorp (2007)
  • ING Groep NV through its ING DIRECT USA division in the $220 million acquisition of ShareBuilder Corp. (2007)
  • Fiserv in its $4.4 billion acquisition of CheckFree Corporation (2007)
  • Sterling Financial in its $565 million acquisition by PNC Financial Services Group (2007)
  • M&T Bank Corporation in its $555 million acquisition of Partners Trust Financial Group (2007)
  • Fiserv in its $325 million sale of Fiserv Trust to TD AMERITRADE (2007)
  • Barclays Bank in its $225 million acquisition of EquiFirst Corporation (2007)
  • The Special Committee of the Board of Directors of Nationwide Mutual Insurance Company in its sale of its U.S. Gartmore operations (2007)
  • M&T Bank Corporation in its acquisition of a minority stake in Bayview Lending Group LLC (2007)
Prior to 2007, Mr. Menting advised:
 
  • Cullen/Frost in its $363 million acquisition of Summit Bancshares (2006)
  • HBOS plc in the $650.7 million sale of its 64.5% stake in Drive Financial Services to Banco Santander Central Hispano (2006)
  • Natixis (formerly Natexis Banques Populaires) in the $12.8 billion business combination of Natexis Banques Populaires, Banque Fédérale des Banques Populaires and Caisse Nationale des Caisses d’Epargne by which it was formed (2006)
  • AssetMark Investment Services in its $330 million sale to Genworth Financial (2006)
  • Artisan Partners in the sale of a minority stake to Hellman & Friedman (2006)
  • New York Community Bancorp in its $400 million acquisition of Atlantic Bank of New York (2005)
  • Cullen/Frost in its $87 million acquisition of Alamo Bank (2005)
  • Cullen/Frost in its $31 million acquisition of Texas Community Bank (2005)
  • Cullen/Frost in its $107 million acquisition of Horizon Capital Bank (2005)
  • Riggs National Corporation in its $644 million sale to PNC Financial Services Group (2005)
  • Regions Financial in its $6 billion merger with Union Planters (2004)
  • New York Community Bancorp in its $1.6 billion merger with Roslyn Financial (2003)
  • Vector Partners in its sale to Banc of America Securities (2003)
  • Natexis Banques Populaires in its acquisition of Arnhold and S. Bleichroeder (2002)
  • Gannett, Welsh & Kotler in its sale to The Bank of New York (2002)
  • National Australia Bank in its sale of Homeside Lending (2002)
  • Allianz AG in its €23.4 billion acquisition of Dresdner Bank AG (2001)
  • Allianz AG in its divestiture of Parametric Portfolio Associates (2001)
  • National Australia Bank in its $1.6 billion sale of Michigan National Corporation (2001)
  • New York Community Bancorp in its $780 million merger with Richmond County Financial (2001)
  • Allianz AG in its $980 million acquisition of Nicholas-Applegate (2001)
  • New York Community Bancorp in its $187 million merger with Haven Bancorp (2000)
  • Wanger Asset Management in its sale to Liberty Mutual (2000)
  • Dexia in its $2.7 billion acquisition of Financial Security Assurance (2000)
  • Allianz AG in its $3.3 billion acquisition of PIMCO Advisors (2000)