When financial institutions seek regulatory advice or an intimate understanding of bankruptcy and restructuring issues, they turn to Chris Siderys. With a focus on financial institutions, financing and restructuring, Chris' has assisted numerous financial institutions on a variety of matters, including:
· Capital raises
· Analysis of the regulatory impact upon operations
· Government investigations and receivership actions
Clients that have relied on Chris' for advice and counsel include:
· Boards of directors of numerous banks seeking guidance during government investigations and FDIC receiverships
· Management and boards of directors of various financial institutions seeking counsel with respect to recent legal and regulatory developments
· Lender in a correspondent loan to a bank holding company secured by the subsidiary bank stock
Chris' experience as a commercial banker for a Chicago bank, and as an attorney with the FDIC in Washington, D.C., provided him with a thorough understanding of the regulatory and corporate challenges that a financial institution and its directors and officers face, and the best strategies to overcome those issues.
Experience
· Advised a "Big Four" accounting firm during an SEC investigation of a regional bank client
· Advised the boards of directors of numerous banks seeking guidance during government investigations and FDIC receiverships
· Advised a distressed community bank during a merger with a local competitor
· Advised a captive credit card bank of an international manufacturer seeking regulatory guidance during its implementation of the CARD Act of 2009
· Advised management and boards of directors of various financial institutions seeking counsel with respect to recent legal developments
· Represented the lender in a correspondent loan to a bank holding company secured by the subsidiary bank stock
· Represented a secured lender in the transition of a publicly traded medical and auto supplier from bankruptcy. Representation included negotiating and documenting the plan, disclosure statement and exit financing credit facility
· Represented a national community hospital corporation in securing a $395 million credit facility
· Advised the national operator of short stay medical facilities during the negotiation and documentation of a $50,000,000 senior credit facility and issuance of $421,000,000 in PIK and secured exchangeable bonds
Professional
· Member, Tennessee, New York and American Bar Associations
· Member, American Bar Association, Business Law Section, Banking Law Committee
· Member, Virginia Society of Certified Public Accountants
· Licensed Certified Public Accountant in the state of Virginia
Prior Affiliations
· Honors Attorney, Federal Deposit Insurance Corporation (FDIC) in Washington, DC., 2007-2009
· Legal Intern, General Electric Company, GE-Aviation Commercial Operations Division, Cincinnati, Ohio, 2006-2007
· Judicial Extern to the Hon. J. Jeffrey Hopkins, United States Bankruptcy Court for the Southern District of Ohio, Cincinnati, Ohio, 2006
· Legal Intern, The E.W. Scripps Company, General Counsel's Office, Cincinnati, Ohio, 2005
· Commercial Banker, Bank One, Chicago, Illinois, 2000-2004
News/Events
Articles
08.12.11, NASHVILLE BIZ JOURNAL, "S&P Downgrade Hurts Middle Tennessee Banks"
April 2010, OUTPATIENT SURGERY MAGAZINE, "Healthcare Credit Card Abuse on the Rise"
Bulletins
03.13.12, Banking and Financial Services Update, Vol. 12, Spring 2012
12.20.11, Banking and Financial Services Update, Vol. 11, Winter 2011
10.28.10, Banking and Financial Services Update, Vol. 7, Fall 2010
09.22.10, NY Attorney General Investigates Healthcare Credit Cards
Media Mentions
03.07.12, Chris Siderys in NASHVILLE BIZ JOURNAL, "Tennessee Looks to Ease Rules for Small Banks"
Events
09.17.12, "Legal Update for the Banking Industry" Tennessee Society of Certified Public Accountants Financial Institutions Conference
04.25.12, "Regulatory and Legal Update" Kraft CPAs Bank Director Training
04.05.12, "2012 FDIC Outreach Program" Moderator
11.16.11, "Dodd-Frank Update" Annual Directors Training of Eight East Tennessee Banks
09.09.11, "Today's Legal and Regulatory Challenge" Panel Member, Tennessee Bankers Association Community Bank Directors Conference
04.07.11, "Duties of Directors" Kraft CPAs Bank Director Training
11.17.10, "Duties of Directors" Annual Directors Training of Eight East Tennessee Banks
10.28.10, "The Consolidating Cauldron - Eat or Be Eaten" Kraft CPAs Bankers Brew
10.26.09, "Capital Tricks and Treats: Managing capital in a spooky and rapidly evolving neighborhood to avoid scary surprises, including a TARP/CPP update" Kraft CPAs Bankers Brew
Up Close
Two young, active sons keep Chris engaged in his spare time, however, when he has the opportunity he enjoys cycling and running.