Bonelaw Client Studio Bank Takes Steps Towards Formation
Congratulations to our client, Studio Bank (In Organization), whose incorporators this week filed notice with the Tennessee Department of Financial Institutions of its intent to apply for a banking charter.
Charles W. Bone, Trace Blankenship, and Chris Raybeck, members of Bone McAllester Norton’s Corporate and Banking/Financial Services teams, serve as corporate counsel to the new bank in organization and have been working closely with Aaron J. Dorn and the other founders for over a year on this exciting new chapter in the history of Tennessee’s banking industry. Among other things, the Bone McAllester team has provided guidance to the founders on strategic matters, board composition and governance, securities offerings and capitalization, and real estate negotiations. This is the first regulatory filing in the process of becoming a bank and opening their doors for business. Studio Bank (In Organization) would be the first true de novo headquartered in Nashville since 2008 – one that is not part of a corporate reorganization, merger or acquisition.
Bone McAllester Norton’s banking and financial services group has a diversified and comprehensive financial services practice representing all types of financial institutions and working with management on virtually any business issue that a financial institution may encounter. Our lawyers have been providing advice to banks, bank holding companies, mortgage companies, and all types of financial institutions throughout Tennessee and the southeast for some 40 years.
Learn more about our Banking and Financial Services group.
To read more about the future of Studio Bank (In Organization) click on these links:
“Pat Emery and Matt Kisber among organizers of Nashville's Studio Bank", The Tennessean, August 24, 2017
“It's official: Nashville's upstart bank files notice with regulators", Nashville Business Journal, August 24, 2017
“Studio Bank founder rolls out big-name board", Nashville Post, August 24, 2017