Paul Aguggia focuses his practice on public and private capital raising transactions, corporate reorganizations and restructurings, mergers and acquisitions, federal securities reporting, federal and state securities compliance matters and general corporate law. He provides strategic advice and counsel to public and private companies. Mr. Aguggia also advises private investors, including private equity funds and hedge funds. He has experience with proxy contests and shareholder relations matters. Mr. Aguggia frequently advises boards of directors and committees of boards of directors on corporate governance matters, including compliance with the provisions of Sarbanes-Oxley. Mr. Aguggia has extensive experience in the representation of financial institutions and has frequently represented mutual financial institutions with respect to mutual-to-stock conversions, mutual holding company reorganizations, charter choice and depositor/member issues. Industries Investment & Securities; Banking & Credit Unions Experience $119 million acquisition of City & Suburban Financial Corporation, Represented City & Suburban Financial Corporation in its $119.1 million acquisition by Ridgewood Savings Bank in a transaction that involved various issues related to the client's Subchapter S status as well as the dissolution of the trust formed in connection with a prior trust preferred securities issuance by the client and the issuance of the junior subordinated debentures of the acquirer directly to the prior holders of the trust preferred securities. Underwriter's counsel for Keefe Bruyette & Woods in a $122 million public offering, Represented underwriter, Keefe Bruyette & Woods, in the $122 million initial public offering by Territorial Bancorp Inc. Internal investigation for board of directors of large community bank, Conducted internal corporate/regulatory investigation for the board of directors of a large New Jersey community bank involving whistle-blower allegations of breaches of banking laws and regulations, as well as internal corporate governance and personnel policies. Acquisition of a majority interest in Bank of Virginia by private investor group, Represented a private investor group in forming a bank holding company, making a majority investment in Bank of Virginia and conducting a private placement to finance the transaction. Contested acquisition of CNB Financial Corporation, Represented CNB Financial Corporation in its contested acquisition. After executing a definitive agreement with Berkshire Hills Bancorp Inc., CNB Financial received topping offers from United Financial Bancorp Inc. and another community bank. Through a series of offers and counter-offers, advised the client's Board of Directors with respect to fiduciary duties and contractual obligations and helped navigate a process that resulted in termination of its original merger agreement and execution of a definitive agreement with United Financial Bancorp Inc. that provided a substantially higher value to shareholders. Multiple financings by Provident Bankshares Corporation, Represented Provident Bankshares Corporation in its $64.8 million private placement of convertible preferred stock and common stock and a $50 million private placement of subordinated debt by its subsidiary, Provident Bank of Maryland. Advised credit union on charter choices and capital alternatives, Advised credit union with respect to consideration of charter alternatives and opportunities to raise equity capital. Second step conversion of Naugatuck Valley Savings and Loan and related public offering for its holding company, Represented Naugatuck Valley Savings and Loan in its second step conversion from the mutual holding company to the stock holding company form of organization and the related $33.4 million public offering by its holding company, Naugatuck Valley Financial Corporation. Acquisition of a specialty lender for Textron Financial Corporation, Represented Textron Financial Corporation, a diversified commercial financial company, in its acquisition of RFC Capital Corporation, a specialty commercial finance company engaged in providing telecommunications resellers with working capital through discounted purchase of receivables and secured lending. Stock-for-stock acquisition of software company, Represented provider of software and technology solutions for member-based organizations in its stock-for-stock acquisition of a software company. Underwriter's counsel for Sandler O'Neill + Partners L.P. in a $161.2 million public offering, Represented underwriter, Sandler O'Neill + Partners L.P., in the follow-on public offering of $161.2 million of common stock by National Penn Bancshares Inc. Mutual holding company reorganization of Clifton Savings Bank SLA and IPO by newly formed holding company, Represented Clifton Savings Bank SLA in its mutual holding company reorganization and the related $137.4 million initial public offering by its newly formed holding company, Clifton Savings Bancorp Inc. *Experience gained by attorney prior to joining Kilpatrick Townsend Publications 27 January 2012, How to Get a Deal Done
Source: BankDirector.com, Articles 03 November 2011, "Living Will" Requirement Will Impact Foreign Banks, Legal Alerts 27 May 2011, Treasury Releases SBLF Rules for Subchapter S Banks and Mutual Thrifts, Legal Alerts 04 March 2011, Federal Banking Agencies Offer Proposal to Reform Financial Institution Incentive Pay, Legal Alerts 14 February 2011, FDIC Approves Final Rule of Assessments, Dividends, Assessment Base and Large Bank Pricing, Legal Alerts 14 February 2011, FRB Proposes Rules Governing Supervision of Nonbank Financial Companies and Significant Nonbank Financial Companies and Bank Holding Companies, Legal Alerts 06 December 2010, Federal Reserve Board Issues Proposal to Implement Volcker Rule Conformance Periods, Legal Alerts 17 November 2010, FDIC Proposes to Implement Dodd-Frank Act Changes to Deposit Insurance Assessments, Legal Alerts 09 November 2010, FinCEN Completes Reorganization of BSA Regulations, Legal Alerts 06 October 2010, FDIC Proposes Rule to Implement Dodd-Frank Unlimited Deposit Insurance Coverage For Non-Interest Bearing Transaction Accounts, Legal Alerts 30 September 2010, Legislation Enacted to Create the Small Business Lending Fund, Legal Alerts 29 September 2010, Consumer Finance Protection Bureau to Assume Responsibilities on July 21, 2011, Legal Alerts 01 September 2010, The Dodd-Frank Act: Continuing the Reign of King Capital
Source: Hoosier Banker, Articles 06 August 2010, Dodd-Frank Wall Street Reform and Consumer Protection Act - Scope of Coverage of the Bureau of Consumer Financial Protection, Legal Alerts 15 July 2010, Congress Passes Dodd-Frank Wall Street Reform and Consumer Protection Act: Significant Changes to Regulation of Depository Institutions, Legal Alerts 27 May 2010, Amendments to Financial Services Reform Bill Adopted on Senate Floor Would Have Significant Impact on Depository Institutions, Legal Alerts 07 May 2010, Banking Regulators Issue Final Guidance on Correspondent Concentration Risks, Legal Alerts 01 May 2010, Interest Rate Risk: The Next Shoe to Drop?
Source: Palmetto Banker, Articles 22 April 2010, FDIC Proposes Revisions to Risk-Based Assessment System for Large Insured Depository Institutions and Adjustments to Assessment Range for All Insured Institutions, Legal Alerts 16 April 2010, FDIC Extends Transaction Account Guarantee Program, Legal Alerts 22 March 2010, Senate Banking Committee to Consider Comprehensive Changes to Regulation of Depository Institutions, Legal Alerts 16 March 2010, Federal Reserve Proposes Additional Requirements for Credit Card Issuers, Legal Alerts 23 February 2010, SEC Proposes Amendments to Modernize Rule 10b-18 Safe Harbor Regarding Issuer Repurchases, Legal Alerts 17 February 2010, Depository Institution Regulators Attempt to Curtail Examiner Overzealousness, Legal Alerts 15 January 2010, Federal Reserve Board Amends Truth in Lending Regulation to Implement CARD Act; New Requirements are Effective February 22, 2010, Legal Alerts 15 January 2010, Divided FDIC Enters Regulatory Debate on Incentive Pay, Legal Alerts 11 January 2010, Depository Institution Regulators Issue Advisory on Interest Rate Risk Management, Legal Alerts 17 November 2009, FDIC Finalizes Rule Requiring Prepaid Assessments to Assist Deposit Insurance Fund, Legal Alerts 13 November 2009, Senator Dodd Releases Plan for Financial Regulatory Reform, Legal Alerts 02 November 2009, Fed Enters Executive Pay Debate with Proposal For Oversight of Incentive Compensation, Legal Alerts 28 October 2009, FDIC Winds Down Debt Guarantee Program; Establishes Emergency Guarantee Facility, Legal Alerts 02 October 2009, FDIC Proposed Prepaid Assessments to Assist Deposit Insurance Fund, Legal Alerts 28 August 2009, Financial Regulatory Reform, Emerging Issues 01 June 2009, The Regulation of Depository Institutions: Seismic Change Coming?
Source: Hoosier Banker, Articles 01 February 2009, Requirements for Issuing Guarantee Debt Under the FDIC's Temporary Liquidity Guarantee Program: Things Participating Entities Need to Know
Source: Pennsylvania Association of Community Bankers Newsletter, Articles News 10 November 2011, Kilpatrick Townsend Media Report -- November 4 - 10, 2011, News Releases 18 October 2011, Kilpatrick Townsend's Paul Aguggia and Ed Olifer to Serve as Featured Speakers at South Carolina Bank Directors' and Bank Managers' College Conference, News Releases 22 April 2011, Kilpatrick Townsend's Paul Aguggia Plays Key Role at Bank Director's Annual Chairman/CEO Peer Review, News Releases 25 March 2011, Kilpatrick Townsend's Paul Aguggia to Serve as Featured Speaker at Prominent Bank Chairman/CEO Peer Exchange, News Releases 22 September 2010, Kilpatrick Stockton's Paul Aguggia and Edward Olifer to Serve as Featured Speakers at Prominent Bank Directors' and Bank Managers' College Conference, News Releases 10 September 2010, Kilpatrick Stockton's Paul Aguggia: Featured Speaker at Independent Community Bankers of America - Maryland Chapter Conference, News Releases 23 August 2010, Kilpatrick Stockton's Paul Aguggia and Gary Bronstein to Serve as Featured Participants at Prominent Thrift Banking Conference, News Releases 29 July 2010, Kilpatrick Stockton Presents Webinars Addressing New Era of Financial Regulation: A Community Bank and Thrift Perspective, News Releases 16 July 2010, Kilpatrick Stockton Ranked as Top Specialty Finance Legal Adviser in SNL League Tables, News Releases 25 March 2010, Kilpatrick Stockton Elects 2010 Executive Committee Members, News Releases 04 March 2010, Kilpatrick Stockton's Paul Aguggia: Featured Speaker at National Association of Corporate Directors Meeting, News Releases 18 May 2009, Kilpatrick Stockton's Paul Aguggia Participates in High Profile Banking Conferences, News Releases Events 28 March 2012, DASH 2012 Allies in Change Awards, Events 17 September 2010, The Relationship Between the Board of Directors and Management in Shifting Economic and Regulatory Times, Events 26 August 2010, Nuts and Bolts - Top Ten Dodd-Frank Act Issues for Thrifts, Events 17 March 2010, Changing the Face of Corporate Governance for Banks and Financial Institutions, Events 19 May 2009, Capital Strategies in the Current Environment - TARP and Beyond, Events 15 May 2009, The Role of the Board of Directors in Current Economic Times and Afterward, Events 01 October 2008, Helping Boards Address Capital and Liquidity, Events 01 October 2008, Banking and Financial Services Industry Malaise: Gazing into the Crystal Ball, Events (Also at Washington, D.C. Office) |