Mark J. Menting

Partner at Sullivan & Cromwell LLP

Mark J. Menting

Mark J. Menting

Partner at Sullivan & Cromwell LLP

Biography

For over 35 years Mark Menting has been at the forefront of providing a broad range of strategic advice to some of the most sophisticated financial services and fintech firms and assisting them in meeting their strategic objectives in the ever-evolving financial services industry.

The depth and breadth of Mark’s expertise and experience, including industry specific expertise and experience, allow him to serve as a one stop resource for many of the matters and issues that financial services firms face. His wide ranging practice covers mergers and acquisitions, securities, corporate and corporate governance, regulatory, enforcement, product development and strategic matters for both U.S. and non-U.S. firms and investors, including individuals and private equity firms. He regularly advises and represents boards of directors in many of these types of matters as well.

He was recognized in 2013 by The American Lawyer with its coveted “Dealmaker of the Year” award for his work with ING Groep on a series of multi-billion dollar post-crisis divestitures involving its U.S. and Canadian internet banks, and by Law360 as a “Banking MVP” in 2017. He has advised on over 200 mergers and acquisitions (with an aggregate value well in excess of $200 billion) and advised clients on some of their most significant transactions of this century, include representing:

* Fiserv in:
* its $22 billion ($39 billion enterprise value) transformative acquisition of merchant acquirer First Data in 2019
* its $4.4 billion acquisition of CheckFree in 2007
* four other acquisitions and divestitures

* LendingClub in its transformative bank charter initiative, including its pending $185 million acquisition of Radius Bank, the first U.S. fintech announced acquisition of a bank

* Online discount broker Scottrade and its owners the Riney family in the $4 billion sale of Scottrade and Scottrade Bank to TD Ameritrade and TD Bank in 2017

* Online bank EverBank Financial in its $2.5 billion sale to TIAA in 2017 and its $2.51 billion acquisition of GE Capital’s business property lending division in 2012

* ING Groep NV in the:
* C$3.1 billion sale of its Canadian online Bank, ING Bank of Canada to the Bank of Nova Scotia (2012) – the largest bank deal in Canada since 1999
* $9 billion sale of its U.S. online bank, ING Direct USA to Capital One Financial Corp. (2011) – until 2019, the largest U.S. bank deal since the global financial crisis

* The TCW Group in connection with Nippon Life Insurance Company’s purchase of a 24.7% minority stake and The Carlyle Group’s purchase of a 32% stake in 2017

* Bank of Ireland, Columbia Bank, Cullen/Frost Bankers, Emigrant Bank, FirstMerit, First Midwest, Israel Discount Bank, M&T Bank, National Australia Bank, Natixis, PacWest Bank, Provident Banshares, Regions Financial, Royal Bank of Scotland, Standard Chartered Bank and Sterling Bancorp in strategic M&A transactions

* Riggs Bank in its anti-money laundering regulatory challenges, including a guilty plea for a failure to file a suspicious activity report, and its $644 million sale to PNC in 2005

* Dexia in its $2.7 billion acquisition of Financial Security Assurance in 2000, the first acquisition by a bank of an insurer under the Gramm-Leach-Bliley Act

* New York Community Bancorp in six acquisitions from 2000 to 2015 which resulted in its growth from $2 billion in assets to $50 billion in assets today

* Allianz in its $3.3 billion acquisition of PIMCO in 1999, which at the time was the largest investment management acquisition, and its follow up acquisition of Nicholas-Applegate for $980 million in 2001 which together established Allianz’s premier U.S. asset management operations, and three other subsequent asset management transactions.

Client comments on Mark Menting and his work include the following:

“He’s a consummate professional. Like Ice Man in Top Gun, he makes no mistakes.” Chambers USA

In his recognition as Dealmaker of the Year by The American Lawyer for various ING divestitures, ING general counsel Jan-Willem Vink said of Mark and his partner, William Torchiana, “Mark and William have been a key factor in [our] success. They both have an intimate understanding of our business, both in banking and insurance, which really elevates them beyond the point of simply being lawyers and providing legal support—they’re true partners in the commercial decision making process." The American Lawyer

“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

Mr. Menting is a frequent speaker on various topics relevant to financial institutions and has also taught at the University of Pennsylvania Law School regarding “The Regulation of Financial Service Providers in the United States.”

He is a member of the Board of Trustees: Chair of the Human Resources & Compensation Committee and member of the Executive Committee for Helen Keller International and a member of the Lawyers Advisory Committee for the New York Bankers Association.

SELECTED REPRESENTATIONS
Additional transactions that Mr. Menting has advised on include:

Banks and Thrifts
* ?Allianz AG in its €23.4 billion acquisition of Dresdner Bank AG (2001)
* Aquiline Capital Partners in its:
* $56 million investment in Strategic Growth Banking (2012)
* $27 million investment in BNC Bancorp (2010)

* Barclays Bank in its $225 million acquisition of EquiFirst Corporation (2007)
* Columbia Banking System, Inc. in its:
* $644.1 million acquisition of Pacific Continental Corporation (2017)
* $121.5 million merger with Intermountain Community Bancorp (2014)

* Community Capital Bank in its sale to Carver Bancorp, Inc. (2006)
* Cullen/Frost Bankers, Inc. in its:
* $220 million merger with WNB Bancshares (2014)
* $363 million acquisition of Summit Bancshares (2006)
* $87 million acquisition of Alamo Bank (2005)
* $31 million acquisition of Texas Community Bank (2005)
* $107 million acquisition of Horizon Capital Bank (2005)

* David Bolger:
* in connection with the purchase of shares of Beach Community Bank from then parent company, Beach Community Bancshares, Inc. (2018)
* as principal shareholder, in the sale of F&M Holding Company to Cascade Bancorp (2006)

* Emigrant Bank in the sale of its New York Metropolitan area branch network and $3.2 billion in deposits (2012)
* FirstMerit Corporation in its $3.4 billion merger with Huntington Bancshares Incorporated (2016)
* First Midwest Bancorp, Inc. in its:
* acquisition of Northern States Financial Corporation (2018)
* $365 million acquisition of Standard Bancshares, Inc. (2016)
* $58 million acquisition of Great Lakes Financial Resources, Inc. (2014)

* Israel Discount Bank in its sale of Discount Bank Latin America to ScotiaBank (2014)
* M&T Bank Corporation in its $555 million acquisition of Partners Trust Financial Group (2007)
* National Australia Bank in its:
* $800 million acquisition of Great Western Bancorp (2007)
* $1.6 billion sale of Michigan National Corporation (2001)

* Natixis 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)
* PacWest Bancorp in its:
* $466.7 million acquisition of El Dorado Savings Bank (2018)
* $705 million merger with CU Bancorp (2017)
* $849 million acquisition of Square 1 Financial, Inc. (2015)
* $2.3 billion merger with CapitalSource (2014)

* Provident Bankshares in its

Overview
RelSci Relationships

1089

Number of Boards

2

Number of Awards

30

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Senior Chair at Sullivan & Cromwell LLP

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Partner at Sullivan & Cromwell LLP

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Partner at Sullivan & Cromwell LLP

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Partner at Sullivan & Cromwell LLP

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Partner at Sullivan & Cromwell LLP

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Partner at Sullivan & Cromwell LLP

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Partner at Sullivan & Cromwell LLP

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Managing Partner, Executive Compensation & Benefits Practice Group at Sullivan & Cromwell LLP

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Partner at Sullivan & Cromwell LLP

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Partner at Sullivan & Cromwell LLP

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Mark J. Menting
Partner at Sullivan & Cromwell LLP
Education
JD
Class of 1983

The University of Pennsylvania Law School, located in Philadelphia, Pennsylvania, is the law school of the University of Pennsylvania. A member of the Ivy League, it is among the oldest and most selective law schools in the nation. It is currently ranked 7th overall by U.S. News & World Report, and 1st in terms of career prospects by the Princeton Review, a rank awarded also by the National Law Journal based on placement of graduates in top law firms.It offers the degrees of Juris Doctor (J.D.), Master of Laws (LL.M.), Master of Comparative Laws (LL.C.M.), and Doctor of the Science of Law (S.J.D.).

BS
Class of 1979

The University of Wisconsin–Madison has long been recognized as one of America's great universities. A public, land-grant institution, UW–Madison offers a complete spectrum of liberal arts studies, professional programs and student activities. Spanning 936 acres along the southern shore of Lake Mendota, the campus is located in the city of Madison.

Career History
Partner
Current

Sullivan & Cromwell provides legal advisory services to financial, healthcare, insurance, real estate, energy, other sectors.

Non-Profit Donations & Grants

Learn how non-profit organizations benefit from RelSci
$1,000 - $2,499
2012

The University of Pennsylvania Law School, located in Philadelphia, Pennsylvania, is the law school of the University of Pennsylvania. A member of the Ivy League, it is among the oldest and most selective law schools in the nation. It is currently ranked 7th overall by U.S. News & World Report, and 1st in terms of career prospects by the Princeton Review, a rank awarded also by the National Law Journal based on placement of graduates in top law firms.It offers the degrees of Juris Doctor (J.D.), Master of Laws (LL.M.), Master of Comparative Laws (LL.C.M.), and Doctor of the Science of Law (S.J.D.).

$1 - $999
2011

THE ORGANIZATION IS A COMPREHENSIVE, NON-PROFIT SUPPLEMENTAL EDUCATION AND YOUTH DEVELOPMENT ORGANIZATION THAT HELPS DEDICATED PUBLIC SCHOOL STUDENTS FROM NEW YORK CITY DEVELOP THE INTELLECTUAL CURIOSITY, ACADEMIC ABILITY, SOCIAL VALUES AND PERSONAL RESILIENCY THEY NEED TO ENSURE SUCCESS IN SCHOOL, CAREER AND LIFE. HEAF IDENTIFIES STUDENTS IN MIDDLE SCHOOL AND SUPPORTS THEM UNTIL THEY ARE SUCCESSFULLY ADMITTED TO A FOUR YEAR COLLEGE THROUGH A VARIETY OF AFTERSCHOOL, AND SATURDAY AND SUMMER EDUCATIONAL AND YOUTH DEVELOPMENT PROGRAMS.

$1,000 - $2,499
2011

The University of Pennsylvania Law School, located in Philadelphia, Pennsylvania, is the law school of the University of Pennsylvania. A member of the Ivy League, it is among the oldest and most selective law schools in the nation. It is currently ranked 7th overall by U.S. News & World Report, and 1st in terms of career prospects by the Princeton Review, a rank awarded also by the National Law Journal based on placement of graduates in top law firms.It offers the degrees of Juris Doctor (J.D.), Master of Laws (LL.M.), Master of Comparative Laws (LL.C.M.), and Doctor of the Science of Law (S.J.D.).

Political Donations
$2,700
2017

Representative from New York's 18th Congressional District

$2,000
2016

Representative from New York's 18th Congressional District

$300
2015

Representative from New York's 18th Congressional District

Transactions
Details Hidden

LendingClub Corp. purchases Radius Bancorp, Inc. from GCP Capital Partners LLC, Patriot Financial Manager LP, Bayboston Managers LLC

Details Hidden

Brookfield Business Partners, Brookfield Asset Management, Inc. purchase Genworth MI Canada, Inc. from Genworth Financial, Inc.

Details Hidden

Fiserv, Inc. purchases First Data Corporation

Awards & Honors
2013
BTI Consulting Group - Client Service All-Stars
2013
Best Lawyers – Best Lawyers in America, Banking
2013
Best Lawyers – Best Lawyers in America, Financial Service
Events
Organizer
33rd Annual Legal Aid Society’s Servant of Justice Awards Dinner

Other Affiliations

Mark J. Menting is affiliated with Sullivan & Cromwell LLP

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