Menu
Expect Different
Spilman Way
Virtual General Counsel
Battle Group
Connect
Servicesexpect
  • Banking & Finance Law
  • Bankruptcy & Creditors' Rights
  • Commercial Lending
  • Community Banking
  • Consumer Finance
  • Public & Project Finance
    • expectEXPERIENCE
    • Banking & Finance Law
    • Bankruptcy & Creditors' Rights
    • Commercial Lending
    • Community Banking
    • Consumer Finance
    • Public & Project Finance
    Services | Financial Services expect
    EXPERIENCE
    • Overview
    • Professionals
    • Results
    • Resources
    Spilman Thomas & Battle has a wide range of experience in banking and finance law. We are knowledgeable in banking law matters for financial institutions, including formation and development strategies, mergers and acquisitions, and bank holding company counsel, and we represent clients throughout the nation from offices in West Virginia, Virginia, North Carolina and Pennsylvania.

    Our lawyers are experienced in finance law, and have assisted lending institutions and borrowers in the structure and documentation of all types of financial transactions.


    Our Banking & Finance Services

    We have helped financial institutions with their internal needs as well. Our attorneys have negotiated and documented vendor and supplier contracts and other business agreements on behalf of financial clients. The firm’s Labor and Employment Practice Group has also provided counsel to banks and other financial institutions on various employment matters.

    Spilman has extensive experience in partnering with federal and state economic development agencies to leverage commercial banking transactions. By combining public source funds with lender assets, we have been able to substantially enhance a variety of financial transactions. Our attorneys have represented financial institutions, economic development entities and borrowers in these transactions.

    For more information regarding our banking & finance practice, contact:

     

    F. B. Webster Day
    540.512.1802
    wday@spilmanlaw.com

    Amy King Condaras
    304.340.3781
    acondaras@spilmanlaw.com

    Primary Contacts:

    F. B. Webster Day
    540.512.1802
    wday@spilmanlaw.com

    Amy King Condaras
    304.340.3781
    acondaras@spilmanlaw.com
     

    Team Roster:

    Rayford K. (Trip) Adams III Debra Lee Allen Elizabeth A. Benedetto Carter R. Brothers Carl H. Cather III Carrie J. Cecil Mark D. Clark Amy King Condaras, CPA David R. Croft K. Paul Davis F. B. Webster Day Travis H. Eckley Patrick R. Esposito II David P. Ferretti Brian C. Helmick William M. Herlihy Lee O. Hill Bryce J. Hunter Bruce M. Jacobs Brienne T. Marco John J. Nesius Joyce Fleming Ofsa Peter M. Pearl Ronald W. Schuler Bryan G. Scott David B. Shapiro Kevin R. Waldo Hugh B. Wellons     Multi-Million Dollar Financing Results in Premier Space for Motorcycle Manufacturer Biotech Startup Gets $10M in Funding Agricultural Lending Institution Closes $5M+ Credit Facility Spilman Closes $6.5 Million Venture Angel Financing Spilman Wins Summary Judgment on All Claims Against Multi-State Bank Client
    Spilman Ranked in 59 Areas of Law by U.S. News - Best Lawyers
    11/1/2018
     
    Reverse Mortgages Becoming a Bigger Part of Litigation in West Virginia
    10/17/2018
     
    Spilman Strengthens Banking, Finance & Commercial Lending Services
    9/27/2018
     
    What Bank Litigators Want Banks to Know About the State of Consumer Protection Litigation in W.Va.
    8/30/2018
     
    10 Spilman Attorneys Recognized as "Lawyers of the Year" 2019
    8/15/2018
     
    Federal Reserve Board Publishes SOFR as a Replacement for LIBOR
    5/3/2018
     
    Spilman Ranked in Chambers USA 2018
    5/3/2018
     
    House Passes Bill to Reduce Capital Requirements of Financial Institutions
    4/3/2018
     
    U.S. Senate Disapproves Consumer Financial Protection Bureau's Rule
    10/30/2017
     
    House Passes Financial CHOICE Act Aimed at Rolling Back Dodd-Frank
    6/9/2017
    • Overview
    • Professionals
    • Resources
    Lenders, borrowers, trade vendors, landlords and lessors face increasing financial risks. Many clients are surprised at the speed with which action must be taken to preserve their rights in a bankruptcy case. 

    Many of Spilman’s bankruptcy and creditors’ rights lawyers have decades of experience representing parties in cash collateral disputes, preference actions, asset purchases and sales, reclamation claims, executory contract and leasing issues, and numerous bankruptcy litigation matters, including automatic stay, equitable subordination, fraudulent transfer, and claims objections. We also counsel clients through the disclosure and plan confirmation process and, when necessary, we have represented clients through the bankruptcy appeals process in the District and Circuit Courts.
     

    Secured Creditors

    Problem loan workouts require knowledge of a broad spectrum of legal fields, including litigation, secured lending, real estate, fraudulent conveyances, corporate law, taxation and the Uniform Commercial Code.  While each of these areas of the law can be challenging in its own right, it becomes even more difficult when the Bankruptcy Code applies.  We take pride in bringing creative solutions to minimize financial risk in many difficult situations.

    Outside bankruptcy, we assist creditors with out-of-court workout matters. We frequently assist clients in reviewing loan documents and assist in protective action in anticipation of possible bankruptcy filings by borrowers or pledgors. We also counsel clients in negotiating and drafting forbearance agreements and in the sale of distressed loans. When necessary, we aggressively pursue state law remedies, such as collateral recovery, injunctions, attachments, replevin and detinue actions, foreclosure auctions, and secured party sales.
     

    Trade Vendors and Suppliers

    Spilman’s bankruptcy and creditors’ rights lawyers assist in protecting clients against credit risks before a customer bankruptcy filing. We deliver value to clients proactively by advising our client’s business and legal personnel regarding the adoption of credit management techniques before a customer files bankruptcy that can increase the client’s likely recovery if the customer later files bankruptcy, while also reducing the risk of liability in a preference lawsuit.

    When a bank customer files bankruptcy, it must move quickly. Creditor recoveries can decline significantly if the proper action is not taken immediately. We help clients maximize recoveries by ensuring that they aggressively and timely assert their rights, including (i) reclamation demands, (ii) section 503(b)(9) administrative claims, (iii) stoppage of delivery rights, (iv) UCC adequate assurance rights, and (v) executory contract rights, including cure claims. We also develop creative solutions aimed at maximizing recoveries while preserving future revenue when the debtor remains a viable customer.
     

    Debtors and Troubled Companies

    Spilman’s lawyers represent debtors and troubled companies in all aspects of financial reorganization both in bankruptcy court and outside of bankruptcy court. 
     

    Creditors’ Committees

    In Chapter 11 cases, creditors’ committees play an important role. Spilman’s bankruptcy lawyers have served as counsel to numerous creditors’ committees.  Additionally, our lawyers have served as counsel to committee members, including the chairs of those committees. 
     

    Landlords and Equipment Lessors

    Spilman bankruptcy lawyers are experienced in all areas of representing landlords and equipment lessors in collection matters and in bankruptcy court. With the adoption of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, these creditors have increased rights relating to the assumption or rejection of leases. Experienced counsel can ensure that these rights are properly leveraged to achieve the client’s business goals. 
     

    Distressed Asset Acquisitions

    Financially distressed companies often must sell their assets at a steep discount. Both established and start-up companies with valuable new technologies often find themselves under-capitalized and in need of a buyer.  Often, with creditors at the door, these companies must seek refuge in Chapter 11 – and opportunity can abound. These cases generally move very quickly.  A purchaser may miss the full potential of such an acquisition without the benefit of a multidisciplinary legal team consisting of lawyers with experience in bankruptcy, mergers and acquisitions, labor and employment, environmental, intellectual property, and product liability issues, to name a few. 

    Our lawyers have extensive experience representing purchasers of “distressed assets,” and we can deploy the value of the Spilman legal model across a full range of practice areas to represent clients in acquiring assets of distressed companies, which may have great potential to increase a client’s future bottom line.

    For more information regarding our Bankruptcy & Creditors' Rights Practice Group, contact:


    Peter M. Pearl
    540.512.1832
    ppearl@spilmanlaw.com 

    Primary Contact:

    Peter M. Pearl
    540.512.1832
    ppearl@spilmanlaw.com 


    Team Roster:

    Rayford K. (Trip) Adams III Debra Lee Allen Mark D. Clark Sally E. Edison W. Eric Gadd Dawnielle Y. Grace, MBA Matthew P. Heiskell William M. Herlihy Bryce J. Hunter Bruce M. Jacobs Travis A. Knobbe Peter M. Pearl Bryan G. Scott
    Spilman Ranked in 59 Areas of Law by U.S. News - Best Lawyers
    11/1/2018
     
    10 Spilman Attorneys Recognized as "Lawyers of the Year" 2019
    8/15/2018
     
    Recent Developments with Make-Whole Provisions in Chapter 11 Cases
    8/1/2018
     
    Creditors Beware: Inbound Bankruptcy Rule Changes Require Heightened Awareness
    12/1/2017
     
    Spilman Further Strengthens Litigation Capabilities
    10/9/2017
     
    Spilman Attorneys Named to 2017 NC Legal Elite List
    1/5/2017
     
    Spilman Adds Depth to Roanoke Office
    6/21/2016
     
    Guidance on Construction Loan TRID Application
    2/3/2016
     
    CFPB Monthly Complaint Report Focused on Credit Reporting
    8/26/2015
     
    Spilman Attorneys Named to 2015 NC Legal Elite List
    1/9/2015
    • Overview
    • Professionals
    • Resources
    Our firm has a wide range of experience representing lenders in secured and unsecured, syndicated, participated and single-bank financings, including: 
     
    • Acquisition financing
    • Asset-based lending
    • Commercial real estate lending
    • Leveraged lease transactions
    • Letter of credit transactions
    • Project financing
    • Mezzanine financing
    • First lien/second lien financings
    • Swaps and other credit-enhanced transactions
    Spilman’s commercial lending practice provides services across a wide array of industries and a variety of collateral packages. Our attorneys assist in the due diligence, negotiation and documentation of such transactions on behalf of local, regional and national financial institutions.    
     
    In addition, Spilman has extensive experience in partnering with federal and state economic development agencies to leverage commercial banking transactions. By combining public source funds with lender assets, we have been able to substantially enhance a variety of financial transactions. 
     
    Our diverse group of banking attorneys brings a wide range of experiences and backgrounds, including representation of lenders as outside counsel and as in-house counsel at banks and other lending institutions.

    For additional information about Spilman's commercial lending services, please contact:

     

    F. B. Webster Day
    540.512.1802
    wday@spilmanlaw.com

    Amy King Condaras
    304.340.3781
    acondaras@spilmanlaw.com

    Primary Contacts:

    F. B. Webster Day
    540.512.1802
    wday@spilmanlaw.com

    Amy King Condaras
    304.340.3781
    acondaras@spilmanlaw.com

     

    Team Roster:

    Elizabeth A. Benedetto Mark D. Clark Amy King Condaras, CPA F. B. Webster Day Ronald M. Musser Kevin R. Waldo
    Spilman Ranked in 59 Areas of Law by U.S. News - Best Lawyers
    11/1/2018
     
    Spilman Strengthens Banking, Finance & Commercial Lending Services
    9/27/2018
     
    TRID – Impressions and Updates So Far
    2/26/2016
     
    TRID Implementation Transition Continues
    10/14/2015
     
    Spilman Ranked First Tier in 24 Areas of Law by U.S. News – Best Lawyers
    11/3/2014
    • Overview
    • Professionals
    • Resources
    Spilman Thomas & Battle serves clients in the community banking industry across the spectrum of their legal needs. From offices in North Carolina, Virginia, West Virginia and Pennsylvania, our community banking attorneys collaborate with clients on a multitude of issues spanning the business environment, advising and representing them in matters such as:
     
    • Corporate governance
    • Commercial lending, including asset-based lending
    • Mergers and acquisitions
    • Taxation matters
    • Labor and employment matters
    • Regulatory interpretation and defense
    • Securities registration and filing
    • Bankruptcy, work-outs and collections matters
    • Consumer finance matters
    • Workplace investigations
    • White collar criminal defense and compliance

    Spilman attorneys are immersed in the community banking industry, helping clients understand and appreciate the unique challenges and opportunities facing community and super-community banks. We serve as outside general counsel or as an extension of a client’s in-house legal department through prompt, knowledgeable assistance on a wide array of legal and banking issues. We also regularly provide opportunities for updates and education on legal and banking issues through such means as timely and informative seminars, webinars and e-newsletters. Finally, as part of our commitment to offer clients maximum value, we offer both traditional and alternative billing arrangements for our services.  

    Whether you need legal representation or general business advice, Spilman’s seasoned community banking lawyers are well-equipped to assist and would welcome the opportunity to do so.

    For more information regarding our community banking practice, please contact:


    Hugh B. Wellons
    540.512.1809
    hwellons@spilmanlaw.com

    Amy King Condaras
    304.340.3781
    acondaras@spilmanlaw.com

    Primary Contacts:

    Hugh B. Wellons
    540.512.1809
    hwellons@spilmanlaw.com

    Amy King Condaras
    304.340.3781
    acondaras@spilmanlaw.com
     

    Team Roster:

    Amy King Condaras, CPA Hugh B. Wellons
    Chief Financial Officers Focus on Today and the Future: An Interview
    3/3/2016
     
    Community Banking Excellence: Issue 1, 2016
    3/3/2016
     
    Cybersecurity: What You Must Know and What You Must Do
    3/1/2016
     
    Highmark Properties Revisited: Lender Credit Bids
    3/1/2016
     
    The Oil and Natural Gas Industry: The Impacts and Uncertainty Continue
    3/1/2016
     
    Looking Back, Looking Forward – A 2015 Retrospective and 2016 Predictions
    12/30/2015
     
    Revisiting the Post-Bankruptcy Toolbox: Don’t Forget to Compare the Financials
    12/30/2015
     
    Virtual Currencies and the Risks They Bring to Community Banks and the Financial Industry
    12/30/2015
     
    Community Banking Excellence: Fourth Quarter 2015
    12/30/2015
     
    An Interview with James C. Cherry, CEO, Park Sterling Bank
    10/20/2015
    • Overview
    • Professionals
    • Results
    • Resources
    Spilman has defended hundreds of individual and class-action lawsuits regarding alleged violations of federal and state consumer protection statutes, including the West Virginia Consumer Credit and Protection Act, the Federal Fair Debt Collection Practices Act, the Fair Credit Reporting Act, the Truth-in-Lending Act and Regulation Z.

    Our clients include national banks, federally chartered and insured financial institutions, state banking corporations, hospitals, professional debt collectors, other law firms, cable operators, check warranty companies, insurance companies, satellite operators, retail stores, mortgage brokers and loan servicers. We have also represented clients in investigations by state and federal regulators such as the Federal Reserve Board and several state attorney general offices.

    Our experiences extend well beyond the boundaries of West Virginia. Spilman lawyers have been lead counsel and have managed consumer protection cases in Kentucky, North Carolina, Ohio, Pennsylvania and Virginia. We have also assisted clients in matters pending in several other jurisdictions, including several nationwide cases, and have counseled clients on compliance with federal lending, credit reporting, debt collection and privacy laws in their nationwide operations. As a result of our experience, several lawyers are frequent speakers in national continuing legal education seminars regarding consumer finance litigation and class actions.

    Our Consumer Finance Litigation Practice Group is organized to meet not only your litigation needs, but every aspect of your business. The practice group consists of more than 40 lawyers with the experience in consumer protection laws to provide compliance counseling, government relations, litigation defense and client support services, such as debt collection.

    To learn more, please contact the Consumer Finance Litigation Practice Group:


    Bruce M. Jacobs
    304.340.3863
    bjacobs@spilmanlaw.com

    Debra Lee Allen
    304.291.7951
    dallen@spilmanlaw.com
     

    Primary Contacts:

    Bruce M. Jacobs
    304.340.3863
    bjacobs@spilmanlaw.com

    Debra Lee Allen
    304.291.7951
    dallen@spilmanlaw.com
     

    Team Roster:

    Debra Lee Allen Angela L. Beblo James S. Crockett Jr. Matthew P. Heiskell Bryce J. Hunter Bruce M. Jacobs Kelly J. Kimble Tai Shadrick Kluemper Travis A. Knobbe Neva G. Lusk Alexander Macia Nicholas P. Mooney II Jeffrey D. Patton Nicholas S. Preservati Gerald M. Titus III     Spilman Appellate Win Important for Defense Against Future WVCCPA Claims
    West Virginia’s Attorney General Sues the Catholic Church - Alleging Priests Accused of Sexual Abuse
    3/27/2019
     
    Pre-Suit Notice Requirements in Consumer Litigation in West Virginia - Make Sure You Know which Requ
    2/5/2019
     
    West Virginia Legislature Again Considers Bill to Reduce Penalties Available Under the WVCCPA
    2/1/2019
     
    Spilman Ranked in 59 Areas of Law by U.S. News - Best Lawyers
    11/1/2018
     
    Reverse Mortgages Becoming a Bigger Part of Litigation in West Virginia
    10/17/2018
     
    What Bank Litigators Want Banks to Know About the State of Consumer Protection Litigation in W.Va.
    8/30/2018
     
    FDCPA Violations Begin When the Violation Occurs
    5/17/2018
     
    Evidence of Moderate Stress Can Support Actual Damages in a WVCCPA Case
    5/7/2018
     
    It’s in the Footnote. The WVCCPA and Amendments.
    4/20/2018
     
    Ruling on Disclosure in Debt Collection Letters
    4/12/2018
    • Overview
    • Professionals

    Getting Deals Done

    At Spilman, we thrive on complex, innovative financings--the bigger the challenge, the more driven we are to tackle it. In fact, our team has been involved in some of the most creative financings in the state of West Virginia, including large health care financings, a number of significant tax increment financings and the first financing utilizing municipal sales tax revenues in West Virginia. Our team strives to always respond quickly and effectively to develop creative solutions to allow our clients to achieve their project objectives. Lawyers on our team regularly serve as bond counsel, disclosure counsel, issuer’s counsel, underwriter’s counsel and developer’s counsel.

    Our attorneys have led and participated in transactions for a wide variety of tax-exempt and taxable financings of public and private projects, including, but not limited to, the following:
    • Health care facilities
    • Recreational facilities
    • Higher education facilities
    • Primary/secondary educational facilities
    • Highways/public roads
    • Government facilities
    • Solid waste facilities
    • Airports
    • Parking facilities
    • Manufacturing facilities
    • Drinking water facilities
    • Electrical generating facilities
    • Sewer and waste water facilities
     
    Economic development projects are an area of unique capability for the Spilman team. We can assist clients in structuring, negotiating and documenting economic development transactions, including, but not limited to, the following:
    • Municipal sales and use tax financings
    • Tax increment financings
    • Financings to facilitate payments in lieu of taxes (PILOTs)
    • Public-private partnerships
    • New Market Tax Credits

    Serving Our Clients

    Regardless of the issues you need help with, we have the necessary experience to assist you with all aspects of municipal financings. Here are some areas in which we can assist:
    • Post-issuance tax compliance matters and monitoring
    • "Private Business Use" analysis
    • IRS audits of tax-exempt bonds
    • Securities issues, including preparation of disclosure documents, SEC filings and preparing annual and quarterly SEC reports, preparation of private placement memoranda and related due diligence procedures
    • Advice in connection with continuing disclosure filings under Securities and Exchange Commission Rule 15c2-12
    • Review and negotiation of hedge agreements, including interest rate swaps and other derivatives
    • Representation of issuers and conduit borrowers in connection with bankruptcies and workouts involving municipal securities
    • Drafting legislation, local ordinances and regulations
    • Training and education for your in-house legal or finance team

    Maintaining Our Edge

    Our attorneys pride themselves on being team players, sitting comfortably across the table from regional and national firms alike. But no matter whom we are working with, or how large or complex the deal, we approach every one with the same attention to detail. Our public finance team is experienced in tax matters related to Section 103 of the Internal Revenue Code of 1986, as amended, and the related Treasury regulations and rulings, and we include our federal tax experts in every public finance matter we handle.

    We're serious about doing excellent work and aren't satisfied with mere competence--that's where we start.

    Our team makes it a point to stay educated and up-to-date on the latest regulations and industry changes. Every member of our team is a member of the National Association of Bond Lawyers. We are proud to have team members whose credentials include a CPA, an MBA, and an LL.M., on top of their traditional legal training.

    We have been listed in the Red Book since the group's inception and our team members have been recognized as "Lawyer of the Year" by Best Lawyers in their respective communities in Public Finance Law and in Project Finance Law, as well as recognized in Chambers USA: America's Leading Lawyers for Business for Corporate/Commercial: Banking & Finance.

    Spilman’s full-service capabilities allow the Public and Project Finance team to coordinate with other practice groups, including the Government Relations, Construction, Health Care, Utilities and Environmental practice groups, among others, to ensure that our public and project finance clients are provided with the highest level of service.

    To discuss your goals with Spilman's Public and Project Finance team, please contact one of our practice group co-chairs:

    Amy King Condaras
    304.340.3871
    acondaras@spilmanlaw.com

    Carrie J. Cecil
    304.340.3880
    ccecil@spilmanlaw.com

    Primary Contacts:

    Amy King Condaras
    304.340.3871
    acondaras@spilmanlaw.com

    Carrie J. Cecil
    304.340.3880
    ccecil@spilmanlaw.com

    Team Roster:
    Elizabeth A. Benedetto P. Corey Bonasso Carter R. Brothers Carrie J. Cecil Amy King Condaras, CPA F. B. Webster Day Brian C. Helmick Lee O. Hill Jason C. Pizatella